by JimDavison | May 16, 2016 | Uncategorized
Ownership of individual life insurance at its lowest level in 30 years The Life Insurance and Market Research Association (LIMRA) 2013 study shines a light on a developing problem for Canadian households: Individual ownership of Life Insurance was at its lowest level...
by JimDavison | Apr 25, 2016 | Uncategorized
As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which says that, for...
by JimDavison | Mar 11, 2016 | Uncategorized
The new rules governing CPP were introduced in 2012 and they take full effect in 2016. The earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP remains the same – should I take it early or wait? While you can...
by JimDavison | Jan 6, 2016 | Uncategorized
Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs. Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules...
by JimDavison | Dec 15, 2015 | Uncategorized
If you are a grandparent wishing to provide an asset for your grandchildren without compromising your own financial security you may want to consider an estate planning application known as cascading life insurance. How does the Cascading Life Insurance Strategy work?...
by JimDavison | Nov 3, 2015 | Uncategorized
Growing your estate without undue market risk and taxes Often we see older investors shift gears near retirement and beyond. Many become risk averse and move their assets into fixed income type investments. Unfortunately this often results in the assets being exposed...
by JimDavison | Oct 19, 2015 | Uncategorized
Or so the saying goes. This certainly is true in Canada where there is a “deemed disposition” when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this affect...
by JimDavison | Sep 16, 2015 | Uncategorized
The recent developments in investment markets and the volatile performance that has resulted have brought about a new appeal to an old workhorse. For investors looking for a diversification in their investment portfolio and a more tax efficient fixed income investment...
by JimDavison | Aug 19, 2015 | Uncategorized
It’s more important than you think Naming a beneficiary is a valuable feature of life insurance and segregated funds policies so it is important to carefully choose your beneficiaries. Estate – the default choice Many people choose to name their “estate” as their...
by JimDavison | Jul 7, 2015 | Uncategorized
Why a Doctor Invented Critical Illness Insurance Critical Illness insurance was invented by Dr. Marius Barnard. Marius assisted his brother Dr. Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of...
