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Insure your stay-at-home spouse

Posted by Admin1034 in Blog, Uncategorized

Insuring your stay-at-home spouse can seem like a waste of money because he or she doesn’t earn a paycheque that would be lost if tragedy struck. Yet, if they died, you would be left scrambling to cover funeral and other costs during a time of…

How Long Will The Bull Market Last?

Posted by Admin1034 in Blog, Uncategorized

Bull market has legs to run another 10 years if BMO’s Brian Belski’s math is right.   There’s a common question in job interviews that is incredibly tricky to answer, even though you know it’s coming. Where do you see yourself in 10 years? The response…

INCREASING ESTATE VALUE FOR THE AFFLUENT

Posted by Admin1034 in Blog, Uncategorized

Frequently incorporated in estate plans for affluent clients, an estate bond is a tax efficient strategy that creates a large and immediate estate value. An estate-bond strategy is also an estate wealth accelerator that allows assets to pass on to heirs or shareholders, tax-free. Typical…

Border shakeup could have tax consequences for snowbirds

Posted by Admin1034 in Blog, Uncategorized

Canadian and U.S.authorities are about to make a dramatic shift in the way they determine the residency of individuals who split their time between both countries, and snowbirds unprepared for the changes could face serious tax consequences. Canadian snowbirds’ dream of U.S. vacation home fading…

How much life insurance do I need?

Posted by Admin1034 in Blog, Uncategorized

Figuring out how much insurance you need is easy if you stick to fundamentals. Simply answer one of two questions: How much money do you lose if you die or How much money do you need to create at your death. Life insurance for young…

Disability Buy-Out Insurance

Posted by Admin1034 in Blog, Uncategorized

Prudent business owners know the importance of thorough business planning and the impact that the death or disability of a principal owner could have on the future operations of any company. Disability buy-out or disability buy-sell insurance is the best way to protect the business…

Marriage and the high net worth

Posted by Admin1034 in Blog, Uncategorized

Saying “I do” is perhaps the most rewarding and riskiest investment any individual can make, but according to experts, the stakes for high net worth clients can be exceptionally high, with millions of dollars of assets on the table. From protecting wealth to combining legacies,…

SUCCESSION PLANNING FOR FAMILY BUSINESS

Posted by Admin1034 in Blog, Uncategorized

Estate Planning Considerations for Family Business Owners Once you have set your succession plan, you should then ensure that your estate planning goals are coordinated with this plan. When coordinating the estate and succession planning, balance is critical. There are many tools you can use…

RRSP/RRIF Meltdown Strategy

Posted by Admin1034 in Blog, Uncategorized

Always use caution when deregistering assets  This article describes how the RRSP/RRIF meltdown strategy works and highlights some potential risks to consider if you’re thinking about implementing this type of tax-saving strategy.  The RRSP/RRIF meltdown strategy involves paying the interest accrued on a non-registered investment…