I am told by someone at least once a day that it is quite evident that you love what you do .I reply that I not only love what I do, but I practice what I preach. I pay myself first. That means on a monthly basis I contribute to my investments and my insurance […]

Why sell your existing personally owned policy to your company? A benefit is it takes less pre-tax income to pay the premiums, which lowers the cost. Based on current tax rules a second benefit gives the ability to withdraw funds equal to the fair value of the policy from the company on a non-taxable basis. […]

Estate planning for farmers – a topic near and dear to my heart. My grandfather and my great uncle owned and operated a farm and several produce packing plants in south Simcoe. The Canadian Income Tax Act actually has special rules for the taxation of farming income and special provisions for transfers of certain farming […]

I have read many estate planning surveys with data obtained from High Net Worth (HNW) individuals. Most of them tell us the same basic things. One U.S. study surveyed HNW clients from a division of the Bank of America. Their data, surveying more than 500 clients with more than $3 million USDs in investment assets. […]

Why must all professionals join their professional association? To protect the public. The words: ‘I pledge that I will always place the interests of policy owners and prospective purchasers before those of any insurer or myself’ were the first that I made in my application and subsequent induction into membership of my professional association. Even […]