This episode’s insurance article is on Estate Freezes. Over the years we’ve done a number of them for some of our business clientele. While this approach is certainly not for everyone and can be difficult to grasp, the strategy can help to save considerable tax in certain situations. If you feel this may help your […]
The COVID-19 pandemic has resulted in an economic downturn, volatile markets, and financial challenges for many businesses. Year-end tax planning is always valued, but perhaps this year more than ever. Let’s examine various considerations around capital loss planning from atax perspective, including the general rules and issues around superficial losses, and discuss the impact of […]
Here’s how driving factors into insurance underwriting. Cassie Schneider Thanks to a clampdown on drunk driving, more use of seatbelts, and cars equipped with airbags and the technology to help avoid accidents, the number of deaths due to motor vehicle accidents has decreased over the past few decades. However, the risks of mortality and morbidity […]
One of the countries’ top insurance underwriters put out an article detailing some of the changes that Covid-19 has left on the insurance industry. If you’re interested in the industry, as we are, it’s worth a read.
It’s been a month since our last update and things have not improved. I’m not talking about the markets (they’re up), but rather the Coronavirus and its ramifications on society and the global economy. A few days ago, the IMF confirmed what was starting to become clear during our last update. That the global economy […]
Tax-Free Savings Accounts (TFSA) have become integral to the financial plans of many Canadians. During the 10-years since inception, the TFSA has proven to be a multi-purpose vehicle helping Canadians meet their long-term savings goals. When structuring a loan, a TFSA plan holder is permitted to use the interest in their TFSA to secure the […]