Estate Freeze: A Strategic Approach to Business Succession Planning Navigating the complexities of business succession and tax planning can be a daunting task for business owners. One effective strategy that often comes into play is the "estate freeze." This approach is particularly beneficial for those looking to pass their business to the next generation, [...]
How Much Should I Expect to Pay for My Disability Insurance? Why is an Individual Policy More Expensive than My Group LTD? Disability insurance is an essential component of financial planning, providing income protection in case you are unable to work due to illness or injury. Many people wonder, "How much should I expect [...]
What Is A Health Spending Account (HSA)? A Health Spending Account (HSA) is a Canada Revenue Agency-approved method that allows personal qualifying medical expenses to be paid for in a tax-efficient manner. These expenses can include health, dental, vision, massage, and chiropractic services. With an HSA, your corporation can write off 100% of all [...]
Keep in Mind, Health Buys Insurance – Not MoneyWhen considering the timing and importance of purchasing insurance, there's an important adage to remember: "health buys insurance – not money." This statement underscores a fundamental truth about obtaining insurance coverage, particularly health insurance. Often, when someone recognizes the necessity for coverage due to a sudden change [...]
How To Find a Good Insurance Broker Finding the right insurance broker can make a significant difference in your experience and outcome when it comes to selecting insurance products that suit your needs. But with so many options out there, how do you ensure you're choosing a reputable insurance broker who will prioritize your [...]
Buying Life Insurance to Cover Tax Bills: A Strategic Estate Planning Move In the realm of financial planning, one often overlooked yet critical consideration is the impact of taxes, especially when it comes to retirement savings and estate planning. One particular scenario where this becomes very important is when individuals are looking at their [...]
