Clever Uses of Life Insurance by Business Owners

Clever uses of life insurance

Not many people say they love buying or the process of buying life insurance.  Who wants to discuss about the eventual demise of oneself?  There are certain situations which are reliant upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner.  There are however, clever uses of life insurance by … Read More

Business Owners: TFSA or RRSP?

TFSA or RRSP

Business owners have far more options available to them they may realize.  The question may not be whether TFSA or RRSP but instead what is the best investment vehicle for business owners?  TFSAs are available regardless of income, that is they don’t need T4 income to qualify.  Therefore dividend income which doesn’t qualify as T4 income is eligible to be … Read More

Do Benefit Plans and Medical Marijuana Mix?

benefit plans and medical marijuana

A common question I receive from benefit plan administrators is ‘how will medical marijuana affect our benefit plan’?  Usually it stems from plan members asking if their plan includes medical marijuana as part of the offering.  The Liberal government’s promise to legalize the use of recreational marijuana by July 2018 is helping to fuel many of these discussions.  So how … Read More

How Can Business Owners Fund Their Retirement?

how can business owners fund their retirement

In light of all the changes proposed by the Federal Liberal Government in July 2017, the sensitivity around the excessive taxing of small business owners has raised some eyebrows.  The proposed changes took into consideration heavily taxing any passive income that exists within a business, scrutinizing how business owners sprinkle income to family members and some other controversial measures.  Even … Read More

Severe Consequences of Increased Minimum Wage

increased minimum wage

Kathleen Wynne and her Ontario Liberal government’s decision for an increased minimum wage from $11.40 to $14.00 on January 1, 2018 and to $15.00 on January 1, 2019 is nothing more than an attempt to grab votes.  Ironically, the people she is trying to woo will probably become the casualty of this fiscal irresponsibility. A lot has been written about … Read More

Why Segregated Funds? Try Investing With a Safety Net

Why Segregated Funds

8 Reasons Why Segregated Funds Might Be a Better Investment Option for You Investing in today’s environment is not for the faint of heart. However, fortunately for Canadians, Segregated Fund products offered by many life insurance companies provide a safety net for nervous investors. Fund products present some interesting opportunities for people looking to get more security in their investment … Read More

The Winds of Change in the Employee Benefit World

There appears to be a growing disconnect between employee benefit plan sponsors and the employees who use the plan.  This is what prompts us to believe that there will be inevitable change in the employee benefit world.  There appears to be a growing frustration between the two parties. Never before in employee benefits has there been the numerous external factors … Read More

Estate Planning for Blended Families

Relationships are challenging at the best of times.  The complexity of two families coming together under one roof is likely anything but harmonious.  The intricacy of two families’ merging children can cause resentment, acrimony and imbalance.  This can cause a tremendous amount of stress to any relationship, let alone when the decision to blend two families under one roof.  The … Read More