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Long Term Care Insurance Not Just for the Elderly

Whenever the topic of Long Term Care Insurance (LTC) is brought up, most people’s reaction is to automatically assume the discussion is about caring for the elderly. While it is true that LTC coverage is a valuable tool to provide the necessary funds for when we are no longer able to care for ourselves, it should not be overlooked for younger people who are in the prime of their earning years but are unable to purchase the amount of disability insurance that they desire.

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There is Nothing so Certain as Death and Taxes

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 his or her assets at fair market value immediately preceding death.

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Family Business Planning Strategies

Family Business Planning Strategies

67% are at Risk of Succession Failure 

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. Statistics show a failure rate of:

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Exempt Test Legislation

Major changes are coming to life insurance for 2017. Please don’t hesitate to contact us to find out how this impacts you.

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How Long (Will Interest Rates Stay Low)?

Great video and financial comedy from Merle Hazard  

Bluegrass with Merle Hazard, Alison Brown on banjo, Tammy Rogers King on fiddle, and Trey Hensley on guitar. Visit them at:
http://www.merlehazard.com
http://alisonbrown.com/

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Federal Budget 2016

The Honourable Bill Morneau, Minister of Finance, recently announced the federal budget for Canada for 2016. We’ve put together an infographic to outline the highlights of the federal budget and what it means for families, retirees and business owners.

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Shared Ownership Critical Illness

Shared Ownership Critical Illness Shared Ownership refers to a concept where more than one party owns an interest in an insurance policy. The most common of these arrangements is where the corporation is the owner and beneficiary of the death benefit and the shareholder or employee owns the cash value of the policy.

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Taxation of Life Insurance – New Rules create Opportunities

Taxation of Life Insurance – New Rules Offer a Window of Opportunity

Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs.  Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules which take effect January 1, 2017.  These changes may make 2016 the best year to buy cash value life insurance.

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“CRA” Scams to watch out for

One thing rings true regarding almost all scams. That is people almost always say, “Who would fall for that, I know I would never get caught – I am too wise for that”. What these same people forget is that the people conducting these scams, frauds and hacks are professionals and need to be given the respect accordingly – not for what they do of course, but for how well they do it. Truth is, those same people that say this are totally shocked when they realize it actually did happen and then they wonder… “What are they going to do about it?” Please ask yourself… “Who are “They”?”  The responsibility to stay safe and be aware of these things is yours and yours alone.

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Are You On The Right Track?

In bull markets some investors develop unhealthy expectations as to the long term yields their investments should provide.  Ten years ago, some came to accept returns as high as 15% to 20% per annum as the base return their fund and portfolio managers were expected to provide. Of course, these expectations came crashing back to earth in 2008 as the bull was chased away by a very large bear. Today, many fund managers are of the opinion that double digit returns are going to be very difficult to achieve with any consistency over the long term.

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