Thomas C. Chan Financial Services Blog: Insurance & Retirement Solution Articles

Canada Emergency Benefit Account (CEBA) Update – [January 2021]
In this blog post, I am excited to share the latest updates on the Canada Emergency Business Account (CEBA) as of January 2021. A notable

RESP 101 | Everything You Need to know about the Registered Education Savings Plan in Canada
Do you know about an investment strategy that assures a yearly return of 20%, comes with zero risk, and is backed by the Canadian government?

Life Insurance Vancouver | Retirement Plans
Life Insurance Vancouver | Retirement Plans Thomas Chan is your dependable advisor for financial affairs, offering life insurance solutions in Vancouver. He dedicates himself to enhancing

Should you consider getting an RRSP loan?
Should you get an RRSP loan? Our conversation about RRSP loans boils down to one simple recommendation: don’t do it. In the article I’m preparing,

Tips to Save on Taxes
Retirement Planning Vancouver | Tips to Save on Taxes Did you know that the biggest financial burden for households stems from taxes? This fact has

Is It Better to Take Canadian Pension Plan (CPP) Early?
Wondering when the best time is to begin drawing from your Canadian Pension Plan (CPP) as a resident of Canada? You might be pondering questions

Retirement Planning Vancouver | Sharing Life Plans
Retirement Planning Vancouver | Sharing Life Plans Retirement Planning Vancouver emphasizes that numerous young people, following the completion of their studies at universities or trade

RRSP 101
The Registered Retirement Savings Plan (RRSP) acts as a crucial financial tool designed to assist Canadians in preparing for their retirement years. This essential RRSP

Will & Estate Planning Checklist for Canadians
Have you thought about the fate of your Canadian assets if you were to fall ill or die? Curious about the duration it takes for

How Does Life Insurance Work in Canada?
Discussions surrounding life insurance might initially appear dull, yet grasping its vital role in safeguarding your financial security and your family’s well-being is imperative. This

Is Life Insurance Tax Deductible in Canada?
Is Life Insurance Deductible for Tax Purposes in Canada? Life insurance serves as an important financial safeguard for individuals and businesses, providing financial security to

Joint First to Die Life Insurance: A Canadian Guide
Planning ahead is **crucial**, especially when it comes to keeping your wallet happy. If the Canadian lands are where you roam and you’re on a

Life Insurance Underwriting: What You Need to Know
Diving into the quest of purchasing insurance can feel like navigating a complex puzzle. It’s as if you’re bombarded with a plethora of choices and

What is Creditor Protection for Life Insurance?
Are you looking to protect your wealth against creditors? For business owners, professionals, and individuals dealing with financial risks, securing protection from creditors is essential

Is Critical Illness Insurance Taxable? What You Need to Know
When you get hit with a big sickness, it feels like your whole world turns topsy-turvy. Thinking about money problems should be the last thing