Long Term Care Insurance

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

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