Author: Steve

Small Group

Group benefits are bundles of insurance for employee benefits and other group benefit plans. Many Canadians have insurance through their employers, referred to as “group benefits”, though many don’t fully understand the details of these policies. Do you know what insurance you have through your employer? Understanding your group benefits reduces worry, saves you money, and helps you…

Capital Gains & Taxes

The Canadian federal government first introduced capital gains taxes in 1972. Prior to that time, all capital gains were tax-free. Ottawa brought in capital gains taxes, in part, to make up for doing away with inheritance taxes. Since then, Canadians have had to pay tax on a portion of their capital gains, with the rules,…

Federal Budget 2022

This year’s federal budget, titled A Plan to Grow Our Economy and Make Life More Affordable, didn’t introduce measures that directly impact life insurance, living benefits or wealth products. Various proposed tax measures impact both individuals and businesses. With high inflation, a hot housing market and the war in Ukraine as its backdrop, the Liberal-NDP government’s…

Term Life Insurance

Shopping The Market I refer to TERM Specific life insurance as a plan that provides a Level Death Benefit for a Specific Period of time, typically to age 75 or 80. Often, these plans are renewable at a guaranteed level, without further medicals, for a specified period of time. They range from 1, 5, 10,…

Cost Benefit of Mortgage Insurance

As most no doubt realize, banks are expressing a growing interest in expanding their operations into the life insurance business. Banks however, have been selling some forms of life insurance for years. If you are buying from a bank, you need to compare carefully how much you are paying. The type of insurance banks have…