Insurance

CONSIDER PRESCRIBED ANNUITIES BEFORE TAX CHANGES IN 2017

  When you buy a life annuity, you receive a guaranteed stream of income for as long as you live and do not have to worry about the fluctuations of the markets and interest rates. Plus, life annuities provide the highest level of guaranteed income available. If ...

Comments Off on CONSIDER PRESCRIBED ANNUITIES BEFORE TAX CHANGES IN 2017   |   Posted in Insurance,Latest News,Life Insurance,Tax Planning May 21, 2016

CHANGES TO TAXATION OF CHARITABLE BEQUESTS

 Canadians donate billions of dollars to charities each year and many of them make bequests through gifts in their wills to make sure that they can continue to support the charities that they love beyond their mortal life spans. To motivate Canadians to give more to ...

Comments Off on CHANGES TO TAXATION OF CHARITABLE BEQUESTS   |   Posted in Charitable Giving,Estate Planning,Latest News,Life Insurance,Tax Planning August 03, 2015

Strategies for Profiting from Rising Interest Rates

This article was published in the October 2013 issue of the Canadian Business Journal and has been posted with their permission Interest rates in the U.S. and Canada seem to have reached a bottom and the end of the 33-year-old bond bull market seems to be looming. When ...

The 2013 Federal Budget

This article was published in the June 2013 issue of the Canadian Business Journal and has been posted with their permission The main goals of the 2013 Federal Budget consisted of creating jobs, simplifying taxes and closing perceived tax loopholes. THE FOLLOWING ELEMENTS in the budget have ...

The Future of Canada’s Real Estate Market

With house prices making new highs in the Toronto market and signs of slow down in the Vancouver market, interest rates at an all time low and warnings from the Bank of Canada about an overheated housing market, the future direction of the real estate ...

Canadian Advisers See Gains, Pitfalls in Social Media

TORONTO (Reuters) - Canadian financial adviser Will Britton is the quintessential success story of social media in the industry. He's active on Facebook, LinkedIn and Twitter, and when someone needs a financial planner, Britton's contacts are quick to send a "here's my guy" link. Presto, ...

Comments Off on Canadian Advisers See Gains, Pitfalls in Social Media   |   Posted in Financial Planning for Business Owners,Insurance,Investments,Latest News,Savings and Investments May 17, 2013

Estate Administration Tax – A New Chapter Begins

By Jordan Caplan, BBA, CA, Partner — Assurance & Advisor Earlier this year, the Ontario government announced major changes to the Estate Administration Tax (also known colloquially as “probate fees”) in its annual budget. These amendments are a direct result of Ontarians implementing numerous planning techniques ...

Comments Off on Estate Administration Tax – A New Chapter Begins   |   Posted in Estate Planning,Financial Planning for Business Owners,Life Insurance,Life Insurance,Uncategorized February 07, 2012

The Importance of Wills as an Estate Planning Tool

By Jag Gandhi, Hon. B.A., M.A., LL.B A Will allows us to express our final wishes and let our loved ones know that we took the time to think about and provide for them after we have gone. Everyone’s situation is unique to their personal circumstances, ...

Comments Off on The Importance of Wills as an Estate Planning Tool   |   Posted in Estate Planning,Financial Planning for Business Owners,Life Insurance,Tax Planning October 02, 2011

Good Time to Die if you have Assets in the US

If you were always worried about paying estate taxes on your U.S. assets, 2010 represents a rare opportunity as no U.S. estate taxes will apply to the estates of those who die in 2010. This is due to the fact that the U.S. congress progressively reduced ...

Comments Off on Good Time to Die if you have Assets in the US   |   Posted in Estate Planning,Life Insurance,Retirement Planning,Tax Planning December 06, 2010

New Tax Treatment for U.S. Social Security Benefits

Effective January 1, 1996, the Canada-United States Tax Convention was modified to require Canadian residents to include 85% of U.S. Social Security benefits received in taxable income. This was an increase from the previous 50% inclusion rate.  Budget 2010 proposed to reduce the inclusion rate ...

Comments Off on New Tax Treatment for U.S. Social Security Benefits   |   Posted in Financial Planning for Business Owners,Long Term Care Insurance,Tax Planning November 19, 2010