What is Creditor Protection for Life Insurance?
Are you looking to protect your assets from creditors? For entrepreneurs, professionals, and individuals facing potential financial risks, having creditor protection is crucial for wealth preservation. Products like life insurance, annuities, and segregated funds present distinct advantages that can safeguard your assets against claims from creditors, ensuring financial stability for you and your family. This […]
Life Insurance Underwriting: What You Need to Know
Navigating the process of purchasing insurance can seem daunting. You are inundated with quotes and various policy choices, followed by the concept of underwriting. So, what does underwriting mean in the realm of insurance? It refers to the method insurers employ to evaluate risk, decide on your qualification for insurance, and set your premium rates. […]
Is Critical Illness Insurance Taxable? What You Need to Know
Finding out you’re facing a serious sickness can turn your world upside down. The last thing you need is money troubles piling on. So, you might wonder, “Do I have to pay taxes on critical illness insurance payouts?” Let’s dive into the specifics, examining different situations and what they mean for your wallet. This way, […]
RESP 101 | Everything You Need to know about the Registered Education Savings Plan in Canada
Are you aware of an investment approach guaranteeing an annual return of 20%, with absolutely no risk involved, and also supported by the government of Canada? This approach is known as the Registered Education Savings Plan (RESP). In this piece, we are going to explore the workings of RESPs, the importance of utilizing the RESP, […]
Life Insurance Vancouver | Retirement Plans
Life Insurance Vancouver | Retirement Plans Thomas Chan is your reliable consultant for all your financial requirements, providing life insurance options in Vancouver. He commits to improving your financial situation and enhancing the quality of your life. Since the 1960s, taxes have been a major economic hurdle for many families. Through the use of life insurance […]
Should you consider getting an RRSP loan?
Should you get an RRSP loan? The essential message from our discussion on RRSP loans can be concisely captured by a straightforward piece of advice: don’t do it. In my upcoming article, I’ll explore the intricacies of RRSP loans, examining the advantages and disadvantages, and evaluate if it makes sense to borrow money to contribute […]
RRSP 101
The Registered Retirement Savings Plan (RRSP) serves as a vehicle to assist Canadians in preparing for their retirement years. This essential guide to RRSPs will encompass all the vital information you require regarding them. The Canada Revenue Agency (CRA) offers enticing tax incentives for contributions to RRSPs, and I will help you navigate how to […]
Canada Emergency Benefit Account (CEBA) Update – [January 2021]
In this blog entry, I’m thrilled to share the recent updates regarding the Canada Emergency Business Account (CEBA) as of January 2021. What sets CEBA apart is its user-friendly application process, offering a refreshing simplicity compared to the complicated, every-other-week application stipulations of alternative schemes like CRB or EI. Plus, if you meet all the […]
Retirement Planning Vancouver | Sharing Life Plans
Retirement Planning Vancouver | Sharing Life Plans Retirement Planning Vancouver highlights that many young individuals, after finishing their education at a university or trade school, are eager to move forward in their lives. With their professional. As well as with their personal life. They don’t yet have quite the idea of, nor do. Do they […]
Tips to Save on Taxes
Retirement Planning Vancouver | Tips to Save on Taxes Were you aware that the most burdensome financial obligation for households is taxes? This has been true since the 1960s. In Canada, taxes consume 45% of every dollar that families earn. Additionally, inflation is increasing. A considerable portion of what we earn per hour and spend […]
