Will & Estate Planning Checklist for Canadians
Have you considered what happens to your Canadian assets in the event of your illness or death? Wondering how long it takes for an estate to be resolved, or who will inherit your valuable items? I’m about to reveal simple methods for estate planning in Canada. Interestingly, there’s a way to stop a significant portion […]
How Does Life Insurance Work in Canada?
Talks about life insurance can seem tedious at first glance, but understanding its crucial importance in maintaining financial stability and protecting your family’s future is essential. This article is designed to familiarize you with important terms related to life insurance, examine the various coverage options offered in Canada, elucidate their functionality, and assist you in […]
Is Life Insurance Tax Deductible in Canada?
Can You Deduct Life Insurance on Taxes in Canada? Life insurance serves as an important financial safeguard for individuals and businesses, providing financial security to loved ones and covering business risks. However, when tax season arrives, one recurring question is: “Is life insurance tax deductible in Canada?” This article delves into the nuances of tax […]
Joint First to Die Life Insurance: A Canadian Guide
Thinking ahead is vital for keeping your bank account smiling. If you’re navigating the Canadian terrain and aiming for serene finances, exploring joint first-to-die life insurance is essential. This clever policy teams up two people and releases the funds when one of the partners passes away. This can cover shared debts or replace lost income. […]
Life Insurance Underwriting: What You Need to Know
Embarking on the journey to buy insurance can seem like maneuvering through a complicated maze. It feels like you’re overwhelmed with numerous options and prices, coupled with the challenge of deciphering something called “underwriting.” Ever wondered what underwriting actually means in the world of insurance? In essence, it’s the secret sauce for insurance companies. Through […]
Is Critical Illness Insurance Taxable? What You Need to Know
When you fall ill with a severe disease, it seems as though your entire environment is upended. Financial concerns ought to be the least of your worries. You may wonder, “Do critical illness insurance payouts get diminished by taxes?” Let’s explore this and examine different scenarios to understand their impact on your finances. By doing […]
What is Creditor Protection for Life Insurance?
Want to keep your cash safe from folks who might want it? If you’re running a business, in a profession with financial risks, or just want to make sure your money stays yours, it’s key to shield it from creditors. With cool tools like life insurance, annuities, and segregated funds, you’ve got a strong guard […]
