Category Archives: Insurance

Understanding the Capital Dividend Account

What is a Capital Dividend Account? The Capital Dividend Account, or CDA, is a notational account that small business can use to pay out tax free income to its shareholders.  Small business must be a Canadian controlled private corporation (CCPC), in order to use this notational account. The Capital Dividend Account makes note of certain incomeContinue Reading

3 ways to Build a Financial Safety Net

“To expect the unexpected shows a thoroughly modern intellect” – Oscar Wilde Life throws curves. Sometimes those curve-balls lead us to amazing opportunities, sometimes they lead us through tremendous stress and heartache. When those curve-balls impact our financial well-being our stress levels tend to be amplified and the amount of time it takes us toContinue Reading

How much life insurance do you need?

The question of how much life insurance to carry can be a daunting one. The bottom line is that you need coverage if you have a family or others who depend on you. I don’t consider myself an expert when it comes to life insurance.  That being said, I also think the process to figuringContinue Reading

Pitfalls of The Insured Retirement Strategy

Back in mid-1990′s the insurance industry came out with a new concept called the Insured Retirement Strategy.   The idea is that you build tax-deferred investment values inside a life insurance policy during your earning years.  Upon retirement, rather than withdrawing funds from the insurance policy (which would trigger taxes)  you instead use the policy asContinue Reading

Charitable Giving Using Life Insurance.

To give your time and/or money to your favourite Registered Charity is one of the most selfless acts a person can do during their lifetime and at the time of death. Let’s face it, donors are the reason Registered Charities can help our communities. Do you have a favourite Registered Charity that you contribute timeContinue Reading

Protect your financial health

“If you expect life to be easy, challenges will seem difficult. If you accept that challenges may occur, life will be easier.” – Rob Liano Life throws curves; it’s the nature of the journey. No matter how much we might plan, it seems that things rarely work out exactly as we intended them to. This is notContinue Reading