Ensuring you haveacushion largeenough to weather the unexpected is vital What do you do when someone throws you that unexpected wrench in your plans? For those of us that are working because we need to earn an income to pay the bills and hopefully save enough for our retirement. How can we plan for that […]
Why life insurance is such important coverage to have
It perplexes me when I hear statements like: “I can’t afford life insurance; I have so many bills as it is every month.” I guess most of us don’t think about spending money on food, entertainment, vacations or even home and auto insurance. Why? Think about how difficult it is to keep up with all […]
Tax exemption doesn’t have to be a pipe dream
Section 148, of theIncome Tax Act, is one of thefew remaining taxsanctuaries How to build a tax exempt estate with insurance? Ronald and Sonia are ecstatic. At 55 and 50 respectively, they’re the proud grandparents of Victoria, their first grandchild. They’re already planning sleepovers and outings. But having their first grandchild has got them thinking […]
Funding your buy-sell agreement with insurance
Edward is 38 years old and nets $60,000 per year. He is about to fall, and seriously injure his neck and put himself out of business. It will cost him about $2.5 million in lost earnings. Like many people, Edward takes his ability to earn an income for granted. Clearly, this ability is his greatest […]
Are you prepared for taxseason?
Now ’s the time to work on getting your “shoebox ” organized Don’t wait, it’s almost here. This is the season… tax season. RRSPs are now behind us and income-tax preparation is here. You should have most of your slips by now. If you haven’t taken a look at your “shoebox” lately, now’s a good […]