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

TRANSFERRING YOUR WEALTH TO THE NEXT GENERATION GRADUALLY

  Many people who have minor children or beneficiaries with no money management expertise struggle with how best to transfer their wealth to the next generation without the risk of  their heirs spending it frivolously and depleting the wealth that was accumulated by hard work over ...

Comments Off on TRANSFERRING YOUR WEALTH TO THE NEXT GENERATION GRADUALLY   |   Posted in Estate Planning,Latest News,Life Insurance,Retirement Planning,Tax Planning April 23, 2015

GUARANTEED INCOME IN A LOW INTEREST RATE ENVIRONMENT

  Interest rates in Canada rose fairly steadily from 1957 to 1981* with the prime lending rate reaching an all-time high of 22.75% in August of 1981. From that point on, Canadians experienced a declining interest rate environment from 1982 to 2012. While this has been ...

Comments Off on GUARANTEED INCOME IN A LOW INTEREST RATE ENVIRONMENT   |   Posted in Latest News,Life Insurance,Retirement Planning,Tax Planning April 09, 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 ...

Using Immigration as an Investment and Hiring Tool

 Using Immigration as an Investment and Hiring Tool for Businesses in Ontario  This article was originally published by Elizabeth Long, an Immigration Laywer with Long Mangalji LLP.  Authorization to repost this article has been granted. Immigration can be ...

Comments Off on Using Immigration as an Investment and Hiring Tool   |   Posted in Estate Planning,Latest News,Life Insurance July 25, 2013

Using Life Insurance for Charitable Giving

Gifting a life insurance policy is another common strategy used for planned giving. This can be done in several ways.  You can purchase a policy on your own life and name the charity as owner and beneficiary. In this scenario you will receive a charitable ...

Comments Off on Using Life Insurance for Charitable Giving   |   Posted in Cash Flow Management,Charitable Giving,Estate Planning,Investments,Latest News,Life Insurance,Retirement Planning July 24, 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

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