Blog

Whole Life-WL

Permanent Life Insurance, like WL and UL, as apposed to Term Life Insurance, like T10, or T20, afford permanent life insurance protection. So long as the required premiums are paid as due, is guaranteed to pay out a death benefit, regardless of when death occurs. Term Life insurance on the other hand, pay provided death…

(IPP) Individual Pension Plan

Business Owners Should Consider an Individual Pension Plan (IPP) What is an IPP? A difference between an IPP vs. an RRSP is essential for business owners. In this article, I’ll explain the pros and cons of each and provide context for choosing between them. An IPP (individual pension plan) is a lesser known but highly-attractive vehicle for…

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…