Category: Insurance Education
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How To Handle Beneficiaries During Divorce
Read more »: How To Handle Beneficiaries During DivorceMajor life events may prompt you to make necessary updates on your estate plans and life insurance. And, a divorce is no exception. In the process of dividing assets, ensuring your children adjust smoothly, and getting your life together as a single parent or grandparent, making necessary changes on your estate plan and life insurance…
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Beneficiary of inheritance: What to do, Pay debts
Read more »: Beneficiary of inheritance: What to do, Pay debtsCanadian retirees are in the midst of the most significant intergenerational wealth transfer ever. As of 2012, the percentage of Canadian families who received inheritance stood at approximately 28% across all provinces in the country. Moreover, this number is only expected to grow. By 2030, an estimated $1 trillion will have changed hands in the…
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What Insurance premiums are tax deductible?
Read more »: What Insurance premiums are tax deductible?Tax deductions are sought after by most Canadian families and businesses to reduce our taxable income for the year are critical. But beware..the taxpayer is always the one who is impacted if they do something incorrectly. So always consult a proper tax advisor before “taking a little bit of information and reaching an absurd conclusion,”…
