Safeguard your business against the effects of a critical illness

Safeguard your business against the effects of a critical illness

Original source: criticaluncovered.ca “No risk, no reward,” is a cliché we’re all familiar with, but as a savvy business owner, you recognize the importance of balancing risks and opportunities to position your company for success. To protect profitability, you’re constantly strategizing about how to strengthen your business against risk – whether the threat is an […]

Employee benefits: Taxable or not?

Employee benefits: Taxable or not?

By Sheryl Smolkin – brighterlife.ca Does your T4 say you made more than you thought you did? Perhaps you didn’t consider your taxable benefits. Find out what is and isn’t taxable. When you get your T4 slip in January or February, you may wonder why the employment income reported in Box 14 is higher than […]

How the Corporate Insured Retirement Program  works with Corporate Borrowing

How the Corporate Insured Retirement Program works with Corporate Borrowing

An option to consider – the Corporate Insured Retirement Program with Corporate  Borrowing With this financial planning strategy,  your corporation deposits funds into a permanent life insurance policy in excess of the amount required to cover the insurance and other policy costs. In the future,  your corporation assigns the policy to the bank as collateral […]

Money Facts 2017

Money Facts 2017

Manulife Solutions – Winter Edition 2016/2017

Manulife Solutions – Winter Edition 2016/2017

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Estate maximization for business owners

Estate maximization for business owners

Watch this short video to learn about a strategy business owners like you are using to minimize taxes and maximize their estates.  

Why naming a beneficiary should not be considered a “once and done” event

Why naming a beneficiary should not be considered a “once and done” event

Let’s talk about…the importance of naming a beneficiary for your life insurance policy In Canada, after you pass away, the proceeds of your estate can take one of two routes. Proceeds can pass seamlessly from you to your loved ones or they can enter the probate system. The probate system can take a lot of […]

10 Misconceptions About Life Insurance

10 Misconceptions About Life Insurance

Posted by ALLISON BARTON – Empire Life Insurance with Care Blog   Why do some consumers have so many misconceptions about life insurance? People seldom like to consider their own mortality and life insurance is rarely a topic of conversation. However, understanding the benefits of life insurance can help you plan for the future so life […]

Let’s talk about…term insurance

Let’s talk about…term insurance

Let’s talk about…what term insurance can do for you Whether you just got married, celebrated the birth of a child or purchased a new home, your life is evolving. And that means your insurance protection should have the flexibility to evolve too. That’s where term life insurance products can help. Term insurance products from ivari […]

Insurance Lingo – Your Quick Reference Guide [Infographic]

Insurance Lingo – Your Quick Reference Guide [Infographic]

Posted by ALLISON BARTON Empire Life Insuring with Care Blog Shopping for insurance can be challenging and confusing given the unfamiliar terms that are used in the industry. To help, we have created your quick reference Insurance Lingo infographic. Whether you are just starting your search for insurance, just got approved, or just need a refresher, […]

Protect What you Work for

Protect What you Work for

WHEN YOU FIRST STARTED  WORKING,  you may not have given insurance a second thought. However, as you enter your peak earning years, you have a lot more to protect. It’s likely that you and your family depend on your salary for the lifestyle you enjoy – and life, critical illness and disability insurance can help […]

Taxation of Life Insurance – New Rules Create New Opportunities

Taxation of Life Insurance – New Rules Create New Opportunities

In August of 2013, the Department of Finance published their changes to the taxation of life insurance as previewed in March 2013 Federal Budget.  These changes will result in an updating to the “exempt test” which determines how much tax-deferred value can accumulate in a life insurance policy before it is subject to accrual taxation.  The […]

Is your employer responsible for supporting your health?

Is your employer responsible for supporting your health?

BrighterLife.ca Sun Life asked Canadians whether they think their employer has any responsibility for their physical and psychological health, as part of the sixth annual Sun Life Canadian Health Index. Here’s what they had to say.

What does the 2016 Federal budget mean for you?

What does the 2016 Federal budget mean for you?

The new Liberal government announced significant changes in their budget on March 22, 2016 that affect your personal finances.

Long-term Health

Long-term Health

Planning ahead can help give you more financial flexibility. WE ALL WANT TO LIVE long, healthy lives and enjoy a full and energetic retirement. A balanced lifestyle, including eating well and staying active, can help achieve that goal. However, lifestyle is only one part of the story. A complete retirement plan involves considering what might […]

Why name a beneficiary?

Why name a beneficiary?

By Dave Dineen, BrighterLife.ca It’s hard to argue with the old saying, “you can’t take it with you.” Since you can’t take your money with you at the end of your life, you might expect more Canadians would name a beneficiary — the person they want to leave their money behind to — for all their financial […]

Creating assets for your children

Creating assets for your children

Estate transfer The assets you’ve built up over your lifetime – such as a home, cottage, investment portfolio, business, or farm – mean a lot to you, and to your family. However, when you and your spouse pass away, virtually all of these assets will be subject to tax. As a result, your heirs could […]

Shared Ownership or Split Dollar Critical Illness

Shared Ownership or Split Dollar Critical Illness

Shared Ownership refers to a concept where more than one party owns an interest in an insurance policy.  The most common of these arrangements is with cash value life insurance where one party (usually a corporation), owns and is beneficiary of the life insurance and an individual (shareholder or employee) owns the cash value of […]

The value of Advice

The value of Advice

Source: Manulife Financial

Benefits for small Business: Where to begin and when?

Benefits for small Business: Where to begin and when?

Develop a plan to invest in your employees One of the greatest challenges you may face as a small business owner is the ability to attract and retain quality, dependable staff members, particularly as your enterprise evolves and grows. investing in your employees by offering them a health benefit plan and a retirement plan can […]