Estate Planning. So you have sizeable holdings, but your accountant has told you that you won’t have an issue with taxes. Get it in writing!

Estate Planning. Do you need it.

What will the tax bill be. Where will the cash come from to pay this tax bill. What will need to be liquidated. How long will it take to liquidate the asset? You are a fairly wealthy business person, with many holdings, and your accountant has said to you – … Continue reading

Are you a Transamerica Life policyholder? Transamerica has just announced it was acquired by Wilton Re

Transamerica Life - New Name Ivari

If you are a life insurance client of Transamerica Life Canada, you should read this post. Transamerica Life Canada has just announced today, October 16, 2014, that they are being acquired by Wilton Re.   UPDATE – October 28, 2015 – Transamerica Life Canada/IVARI Policyholders who are on Pre-authorized premium withdrawal will continue … Continue reading

CRA changes Group Disability Insurance Withholding Tax Rule

The Canada Revenue Agency  – CRA changed the Group Disability Insurance Withholding Tax Rule that applies to group disability plans. The new rule takes effect January 1, 2015 .  It applies to those disability claims where the employer pays the premium for the group disability portion (we call them taxable group disability plans). A taxable … Continue reading

Without Life Insurance Your Estate Can Go Bankrupt!

Yes.  Your estate can go bankrupt.  And it is possible that when it does, your heirs are not required to become heirs of your estate.  And, therefore, would not be responsible for any of your estate’s bills. However, what normally happens is quite different. Often, people make the executor of their estate … Continue reading

Looking for old or lost life insurance policies?

Looking for old or lost life insurance policies? Perhaps, you are an executor to a family member’s estate, and don’t know where to look for any policies. Or perhaps, you know you purchased a policy light years ago, but cannot remember where it is. Sweetie-pie, my poodle, would like to … Continue reading