Life Insurance

DONATE LIFE INSURANCE TO CHARITY TO MAXIMIZE TAX SAVINGS AND PHILANTHROPIC IMPACT

    Canadian Business Journal - July 2018

Comments Off on DONATE LIFE INSURANCE TO CHARITY TO MAXIMIZE TAX SAVINGS AND PHILANTHROPIC IMPACT   |   Posted in Charitable Giving,Insurance,Latest News,Life Insurance,Life Insurance July 16, 2018

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

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

What Happens If Your Life Insurance Company Fails?

The events of 2008 and early 2009 and the failure of some major insurance companies such as AIG, have created a lot of anxiety for policyholders and have naturally led to many questions with regards to the protection they have in case their insurance company ...

Comments Off on What Happens If Your Life Insurance Company Fails?   |   Posted in Estate Planning,Life Insurance,Life Insurance,Long Term Care Insurance October 24, 2010

Good News About Tax Treatment of Corporate-owned Life Insurance Policies

. Generally in cases where corporate-owned life insurance is required, it is recommended that the corporation be the owner and the beneficiary of the life insurance policy. This way, the death-benefit of the policy can flow through the corporation’s capital dividend account (CDA) and be ...

Comments Off on Good News About Tax Treatment of Corporate-owned Life Insurance Policies   |   Posted in Business Succession Planning,Estate Planning,Financial Planning for Business Owners,Insurance,Life Insurance,Life Insurance,Tax Planning October 09, 2010

Do You Have The Will To Do It?

By Alan Wainer, CA, CPA (Illinois) Assurance & Advisory Partner with Soberman LLP, Chartered Accountants www.soberman.com As a business advisor to my clients, one of the questions that I typically ask as part of their financial checkup is, “Have you reviewed or updated your will recently?” We all ...

Comments Off on Do You Have The Will To Do It?   |   Posted in Business Succession Planning,Charitable Giving,Estate Planning,Financial Planning for Business Owners,Life Insurance,Life Insurance,Tax Planning September 26, 2010