Are you interested in putting money into your Tax-Free Savings Account (TFSA)? The new limit for 2019 will be $6,000.
After a lot of public debate in the tax and small business community around the way in which passive investment income is taxed in Canadian controlled private corporations, the changes that were announced in the 2018 Federal Budget are now law. Continue reading “How the 2019 Passive Investment Income Changes Affect Your Small Business”
What is Cannabis?
Cannabis or ‘marijuana’ is a chemical compound that is used for both medicinal and recreational purposes. It has both analgesic and euphoric properties and when prescribed by a physician it is known as ‘medical marijuana’. Continue reading “Legal Cannabis: What It Means For Your Insurability”
If the thought of purchasing life insurance overwhelms you, this article will provide you with tips to give you clarity on some of the fundamentals of life insurance planning. Since confusion can lead to missing key information, we will discuss how to avoid five common life insurance misconceptions.
How much Life Insurance do I need?
If you’ve decided that you need life insurance, how do you know how much is enough to protect your family financially in the case of premature death? Continue reading “Life Insurance for Financial Protection”
What is life insurance?
Life insurance helps protect your loved ones financially if you pass away while your policy is in force. You can tailor your life insurance policy to help sustain your dependents’ current lifestyle, housing and education to name a few typical expenses, using a “death benefit” (a lump sum of money). How does this work? When you purchase life insurance from an insurance company, you designate one or more beneficiaries.
Want to make the most of your savings in retirement with your married or common-law spouse? The trick here is not knowing to save, but knowing how to save. Which accounts make sense? Continue reading “Fall in love with these income splitting tips for you and your spouse”
I recently read an in-depth analysis by David Chilton (AKA The Wealthy Barber) looking into a specific question: TFSA vs RRSP? I was inspired to do some in-depth analysis on my own.
Alcohol use varies greatly among individuals as does the impact on health and mortality. In North America, almost 100,000 deaths annually are attributed to alcohol and the cost is in excess of $250 billion*. For this reason, insurance companies have an established guideline for what constitutes a healthy use of alcohol. Insurance underwriters pay close attention when alcohol is consumed in excess of those guidelines and their scrutiny can impact whether one’s insurance application is approved or declined.
Protecting the future financial security of your family and your business.