Health Spending Account: Why Every Business Owner Should Have One
A Private Health Services Plan, or Health Spending Account (HSA), is a variation of a traditional group benefit plan that provides reimbursement for a wide…
Case Studies & Blogs
Pandemic Effects on Life & Health Insurance Policies
As the COVID-19 pandemic continues to cripple the globe, both health wise and economically, we have been getting questions about how viruses of this magnitude…
Participating Whole Life: A Tax-Efficient & Meaningful Way To Transfer Wealth
When Canadians think of life insurance, term insurance likely comes to mind, a product used to cover a temporary need. This temporary need could be…
Taxes at Death: Case Study
“There are only two certainties in life – death and taxes.” – Benjamin Franklin Not only does this well-known quote continue to ring true, but…
Segregated Funds vs. Mutual Funds
While a segregated fund and a mutual fund share many similarities (professionally managed investment funds that pool money from multiple investors to purchase securities and…
Mortgage Insurance: What to Know
Mortgage insurance is a great concept – but it should not be purchased from your lending institution. After approval for a mortgage, lending institutions will…
Funding Buy-Sell Provisions in a Shareholder Agreement
A shareholder agreement, or partnership agreement, is a crucial legal document for any company. It outlines the rights, obligations and expectations of the shareholders, as…
Deferring Government Benefits
The Canada Pension Plan (CPP) provides contributors and their families with partial replacement of earnings in the case of retirement, disability or death. Almost all…
Success Story #1
Client Success Stories – Tony and Tanya Client Facts Client(s) Information: Tony (age 36) & Tanya (age 34) Health Status: healthy, non-smokers Client Needs/Wants: Pay…
Success Story #5
Client Success Stories – Ashley Client Facts Client Information: Ashley (age 32) Client Needs/Wants: Health insurance to protect her in the event she gets diagnosed…
Comparing the RRSP and TFSA
The two most prominent investment accounts for Canadians are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Before taking a look…
Corporate-Owned Life Insurance: Case Study
The concept of life insurance seems fairly straightforward: if an insured person dies, a death benefit is paid out. However, a comprehensive and versatile use…
Disability Insurance – Policy Features To Be Aware Of
Disability Benefit – the monthly amount you will receive if you are unable to work due to long-term illness or disability. Elimination Period – the…
What is RRSP Season?
What is RRSP Season? If you listen to the radio or watch television during the first two months of a calendar year, it is likely…
Life Insurance & Your Favourite Charity: A Potential Perfect Match
Life insurance policies can be valuable assets, even if the insured no longer has dependents or heirs to benefit from the insurance proceeds. Charitable giving…
Success Story #2
Client Success Stories – Joseph Client Facts Client Information: Joseph is 32 years old, male, non-smoker Relationship Status: Single Employment Status: employee of a small…
Success Story #6
Client Success Stories – Terry (TW Ltd.) Client Facts Client Information: Terry (age 51) & his company, TW Ltd. Client Needs/Wants: Protect the value of…
What is an Individual Pension Plan?
What is an IPP? An Individual Pension Plan, or IPP, is a defined benefit pension plan registered with the Canada Revenue Agency. However, unlike most…
Control & Peace of Mind with Long-Term Care Insurance
One type of living benefit insurance that many Canadians are not aware of is Long-Term Care (“LTC”) insurance. Simply put, it pays the insured a…
Term Insurance vs Permanent Insurance
Life insurance can be split into two categories: term and permanent. Term insurance has a pre-determined end date, such as 10 years, 20 years, or…
Get The Most Out Of Your Retirement With a Pension Maximization Strategy
Are you a member of a Defined Benefit Pension Plan? If so, you may want to inquire about a Pension Maximization Strategy. For individuals with…
Group Benefits: More Than Employee Retention & Acquisition
On any given day, business owners will have a thousand different things on their mind, everything from marketing, to employees, to accounting, to sales. As…
Success Story #3
Client Success Stories – Marcus, Violet & Children Client Facts Family Information: Marcus (age 40), Violet (age 41), Ned (age 6), Nick (age 2) Health…
Common Life Insurance Questions
Can a corporation own a life insurance policy? Yes, corporate-owned insurance is incredibly common for a wide variety of risk management and tax planning reasons….
Critical Illness Insurance
What is Critical Illness Insurance? Critical Illness Insurance pays a tax-free, lump-sum benefit if you are diagnosed with one of the covered conditions, such as…
Split-Dollar Critical Illness Insurance
Split-Dollar Critical Illness (“C.I.”) insurance is an incredibly valuable strategy that involves protection for a business, its key employees/shareholders, and maximum tax-efficiency. Before delving into…
Understanding Disability Insurance Definitions
Disability insurance replaces a portion of your income in the event you are unable to work for an extended period of time due to a…
Are you saving to save? Or are you saving to spend?
Picture this: you are ten years away from retirement and have been presented with two options for your retirement-savings vehicle. Option 1 will pay you…
Success Story #4
Client Success Stories – Dave & Karen Client Facts Client Information: Dave (age 68), Karen (age 67) Client Needs/Wants: Minimize taxes at death and transfer…
Legacy Building: Gift for Life
Get your children or grandchildren started off on the right foot with a Gift for Life, a financial product that will provide them with an…