2024-03-01 09:16
Here are some of the benefits you may enjoy by having a trust.
1. Saving taxes
You can save on taxes by having a trust, For example, it’s possible to split income with lower-income ben… Read More
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Delsan Group Inc. | Life Insurance - Whole Life In Blog
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Montreal Financial Security Advisor providing advice to Business Owners and High Net Worth Clients on Life Insurance, Whole Life Insurance, Term Insurance, Long Term Care, Annuities, Estate Planning, Retirement Planning, Health Insurance, Critical Illness Insurance and GIC.
2024-02-01 06:26
Unlike the U.S., Canada has no estate or inheritance tax. Yet despite this, death can trigger a significant income tax bill that, if not properly planned for, can leave an unexpected liabili… Read More
2024-01-07 21:16
Hearing that you ought to update your will is little bit like being told to take up jogging. Everybody knows it’s the right thing to do, but that doesn’t make it any easier to ge… Read More
2023-07-03 08:57
If your corporation has more than one shareholder, a shareholders’ agreement should be drawn up to establish the ongoing rights and responsibilities of the shareholders in the ownershi… Read More
2023-06-01 05:00
You’ve worked hard to build up your money. Now how do you make sure you can pass on as much of it as possible to your children and grandchildren?
After years of working and saving, str… Read More
2023-05-01 06:32
If you are a business owner, your estate plan should cover both your personal and business assets. Estate planning for business owners is more complicated because it needs to address issues… Read More
2023-04-02 06:00
Can you imagine what would happen if you died and your beneficiaries didn’t know where to find your will? Or your money?
It happens all the time according to Jim Yih, author of the per… Read More
2023-03-01 08:41
One thing you must do in order to succeed is to purpose in your heart that you will be proactive in every area of your life, rather than being reactive.
Be proactive. Don’t just let th… Read More
2023-02-01 08:12
If you are the owner of a successful company it is likely that you have retained profits or surplus cash in your corporation. If this is the case, chances are also good that this invested su… Read More
2023-01-01 20:24
In 1926, George Samuel Clason published a series of pamphlets written in parables that was set in the ancient city of Babylon. The book became known as The Richest Man in Babylon and has bec… Read More
2022-12-01 08:36
It is not uncommon for entrepreneurs to overlook the importance of a shareholder agreement when establishing a new business. However, failure to have this critical agreement can cause consid… Read More
2022-10-03 07:13
Selling your business to a family member will generate significant income, which will be taxed. Depending on how you arrange the transaction, the tax authorities will treat that income&n… Read More
2022-09-01 08:07
Death and taxes
Unfortunately, the tax man doesn’t forget us when we die. Before an inheritance can be doled out, the Canada Revenue Agency(CRA) has to get a cut. Depending partly on h… Read More
2022-07-01 07:21
A family sold their legacy real estate portfolio for $120 million, creating a tax liability of $25 million.They were prepared to pay the tax with no better options available. … Read More
2022-06-01 08:50
If you require permanent life insurance coverage for family, estate planning, business, or tax planning purposes or you just wish to accumulate money in your life insurance program it may be… Read More
2022-05-02 08:00
At a time when many baby-boomers are planning their retirement, the preservation and eventual transfer of your family assets are becoming a major concern. Estate planning aims to minimize th… Read More
2022-04-01 08:46
One of the greatest mistakes is dying without a valid will.
This results in “intestacy,” which is another way of saying that the province will force its own will upon the heirs i… Read More
2021-05-02 09:37
Life insurance is a powerful asset class that deserves a place in your portfolio due to its unique risk and return characteristics.
Did you know that the underlying mathematical principles d… Read More
2021-02-01 05:20
Warren Buffet in a refresher course on his approach to investing in his 2014 annual letter to Berkshire Hathaway Inc. shareholders.
Fortune magazine published an excerpt of it on line at tha… Read More
2020-11-01 08:27
More than half of Canadians do not have a will and even those who do either don’t keep it up-to-date or have concerns that the will won’t live up to their wishes.
According to a… Read More
2020-09-01 08:36
We all may know about the importance of making mistakes and that failure could become the key to success.
Over time, I’ve learned that watching other people make mistakes and learning… Read More
2020-08-02 08:56
“Nothing is certain but death and taxes,” American inventor Ben Franklin is attributed to saying. While you can’t control either of these two inevitable events, you can mak… Read More
2020-07-02 08:19
“Most people don’t plan to fail, they fail to plan” [John L. Beckley].
I once heard a story which I have not verified myself however, it reminded me of similar story’… Read More
2020-05-01 09:11
With participating whole life insurance (par), being sold for more than 170 years, experiencing over that time exposures to financial crisis and extreme market movements, it has continued to… Read More
2020-04-01 07:12
On earnings: “Never depend on single income. Make investment to create a second source.”
On Spending: “If you buy things you do not need, soon you will have to sell thi… Read More
2020-03-02 06:30
You could ask business owners a million questions about their succession plans.
Most of them are keenly aware of the importance of this one: “What happens to the business, and to your… Read More
2020-02-03 08:15
Most people generally recognize the necessity of having a well-prepared will. This ensures our final wishes with respect to our estate are carried out by an executor. However, a frequent ove… Read More
2020-01-06 08:15
Estate planning should be a financial priority at almost any stage of life. In fact, an estate plan is absolutely essential for organizing your financial affairs and providing for the well b… Read More
2019-12-02 11:27
Many business and property owners, rely on family trusts to achieve a variety of financial and tax goals. In fact, as Canadians accumulate business assets and personal wealth, these trusts h… Read More
2019-11-01 08:15
The following quote was written by Sir Winston Churchill in 1951.
“If I had my way, I would write the word ‘insurance’ over the door of every house and upon the blotting bo… Read More
2019-10-02 08:35
If you commit to doing the following, each and every day, you will quickly be a lot more successful:
1. Walk away from gossip.
Gossip is often hard to resist. Gossip also diminishes everyo… Read More
2019-09-03 09:25
The focus of the Berkshire Annual General Meeting is usually the economy, investing, and Berkshire’s many businesses. There are inevitably questions about Mr. Buffett’s successio… Read More
2018-11-01 09:30
You pay taxes all your life. Unfortunately you’ll even have to pay taxes when you die. But there are ways to minimize those taxes, so why not take advantage of them? After all, who wou… Read More
2018-10-03 11:00
Two men were lifelong friends and similar in many ways. Both were affluent, mid-fifties, healthy, with several children and grandchildren. Life was good. Then tragedy struck. Returning home… Read More
2018-09-02 12:26
A Will forms an essential part of your estate plan. It is a written document, “in Quebec, preferably done by a notary” that expresses your wishes for the distribution of your ass… Read More
2018-08-01 09:32
Albert Einstein once said that compound interest coupled with time was the most powerful force of all time. He was a pretty smart guy!
Compound interest is really a math concept that shows t… Read More
2018-07-01 18:13
If not for life insurance, Disneyland might have existed only in Walt’s imagination. James Cash Penney’s personal depression during the Great Depression might have shuttered the… Read More
2018-06-01 18:00
Although I am usually writing here myself, this time I came across an article from Bruce Sellery on MoneySense that I feel is worthy sharing with you. Here is almost the full article on Mone… Read More
2018-05-01 14:09
No one is ever prepared for the loss of a spouse or family member. Death changes everything for those left behind. Whether death comes suddenly or after a long illness, the family’s gr… Read More
2018-03-01 07:56
If you’re a business owner, your business deserve protection , insurance can provide that security in a number of ways that may surprise you. It can also provide opportunity to help bu… Read More
2018-01-01 06:40
If you commit to doing the following, each and every day, you will quickly be a lot more successful:
1. Walk away from gossip.
Gossip is often hard to resist. Gossip also diminishes everyone… Read More
2017-12-01 07:49
An estate plan helps you plan in advance what will happen to your money and property after your death.
For example, you can use it to increase your wealth to benefit people who will inherit… Read More
2017-11-01 08:34
Regardless of the size of your estate, an effective estate plan is necessary if you want to make sure that the right parties inherit your assets. If tax is an issue, your estate plan can hel… Read More
2015-03-29 20:14
Or so the saying goes. This certainly is true in Canada where there is a “deemed disposition” when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all… Read More
2015-03-02 15:04
Growing your estate without undue market risk and taxes. Often we see investors shift gears near retirement and beyond. Many become risk adverse and move their assets into fixed income type… Read More
2015-02-01 21:09
Has it been awhile since you last looked at your insurance portfolio? Are you a little sketchy in your recollection of all the coverage you have and why you have it? Are you uncertain as to… Read More
2015-01-02 13:30
In a survey done in 2012 in Canada, 56% of those surveyed didn’t have a will. What that means is that rather than leaving their heirs an inheritance, the majority of Canadians could be… Read More
2014-12-01 13:50
At a time when equity markets are experiencing high volatility, many believe that the safe alternative appears to be low return, highly taxed GICs. However; many seniors are now discovering… Read More
2014-11-02 21:57
For some Canadians real estate investment property form a substantial part of their estates. Due to the nature of real estate, it is important to do good estate planning to realize optimum g… Read More
2006-06-07 11:16
Warren Buffet is offering a refresher course on his approach to investing in his annual letter to Berkshire Hathaway Inc. shareholders. Buffet’s full letter won’t be released unt… Read More
2006-06-07 11:16
Those among us who have managed to find professional success set aside their first hours of the day to invest in their top-priority activities before other people’s priorities come rus… Read More
2006-06-07 11:16
Whenever you meet with an estate planning professional, part of your discussion should be about taxation. You need to have a pretty good idea of what tax liabilities are going to be once you… Read More
2006-06-07 11:16
Mastering productivity is a challenge even for the best of us. After all, there are only so many hours in the day and exercising, responding to emails, getting work done and catching up on s… Read More
2006-06-07 11:16
Transferring a Life Insurance Policy to a Corporation The Corporate Extraction Strategy involves transferring a personally owned life insurance policy to a corporation for its fair market va… Read More
2006-06-07 11:16
Owners of very successful private corporations are well aware of the importance of cash flow. Many are protective of how they allocate corporate capital so that business ventures are adequat… Read More
2006-06-07 11:16
The recent developments in investment markets, the volatile performance of equities and the low interest rate in fixed income investments have brought about a new appeal to an old workhorse… Read More
2006-06-07 11:16
If you are an owner in a family enterprise, the likelihood of your business successfully transitioning to the next generations is not very good. This has not changed over the years. Statisti… Read More
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