Yisroel Sandel | Delsan Group

Simple Daily Habits Of The Delightfully Successful

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 involved. Shift the conversation. Or walk away. Sure you’ll be different. But that’s okay; do you want to be like the […]

Planning for minimizing taxes on your estate

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 would you rather your money go to – the government or your loved ones? How to avoid making government an heir. […]

Why Estate Planning is crucial

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 from a golf weekend together, their car was involved in a serious auto accident. Neither of them survived. Both families were devastated. But one was far more […]

Why should I make a will?

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 assets at your death. It will also deal with any debts of your estate ensuring that they are paid including any taxes owing. A […]

The power of compound interest

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 the power of making interest not just on your principal but also on the interest. If you have $1000 and you make […]

A conversation every family Should have!

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 MoneySense written by By Bruce Sellery. There are some questions we don’t want to ask our parents, but it’s important to […]

Estate Taxes

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 grief can be overwhelming. Proper Estate Planning can simplify complex issues for your beneficiaries. Planning ahead can reduce family strain and worry, not […]

CRA New Rules Proposal – Private company tax planning – Passive investment proposal details

Here is an article from Manulife Financial on the discussion paper released by CRA on July 18th. It addresses the taxation of passive investment income in a CCPC. As Manulife puts it, this may be the most philosophically contentious part of the discussion paper. I will let you read and decide for yourself to see […]

Life Insurance Shares

An LI Share is typically a non-voting preferred share. LI Shares are a great tool for reducing Capital Gains Tax that arises on the death of a common stock shareholder. They are also commonly used for estate equalization purposes. Most of the demand for LI Shares is being driven by specialized accountants and lawyers who […]

U.S. Estate Tax For Canadians

U.S. citizens, are subject to U.S. estate tax on the fair market value of their worldwide assets on death. For 2016, the U.S. estate tax applies on the value of taxable estates in excess of U.S. $5,900,000 at a rate of 40%. It is also known that Canadians with U.S. vacation properties, commercial real estate […]