Yisroel Sandel | Delsan Group

Ten things you need to do when your spouse dies

When you’re newly widowed, you need to think clearly and make good decisions in the midst of your grief. This checklist can help you get through it. Whether it’s a sudden loss or the result of a long illness, the death of your spouse is emotionally devastating and you will need time to grieve. However, […]

Which investments can reduce your tax bill?

Taxes may be inescapable, but your choice of investments can have a huge impact on how much tax you pay. It all depends on your personal situation and how you structure your investment portfolio. Investment income. A basic investment portfolio can generate three types of income: 1. Interest income. If you have a savings account […]

Canada Pension Plan – Should You Take it Early?

The new rules governing CPP were introduced in 2012 and they take full effect in 2016. The earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP remains the same – should I take it early or wait? While you can elect to start receiving CPP […]

Does your Business Qualify for the Small Business Gains Exemption?

As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which says that, for 2015, up to $813,0001 of capital […]

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 […]

Ease Your Retirement Worries with Immediate Annuities

The majority of Canadians work hard to accumulate a retirement fund and many are averse to exposing savings to unnecessary market risk after they retire. In today’s prolonged low interest rate environment, immediate annuities are often dismissed or overlooked as a viable vehicle for providing retirement income. Perhaps they shouldn’t be. An annuity is an […]

A Lifetime Gift for Your Grandchildren

The Cascading Life Insurance Strategy If you are a grandparent wishing to provide an asset for your grandchildren without compromising your own financial security you may want to consider an estate planning application known as cascading life insurance. How does the Cascading Life Insurance Strategy work? • The grandparent would purchase an insurance policy on […]

The Corporate Extraction Strategy

Transferring a Life Insurance Policy to a Corporation (“UPDATE” This Strategy was good until it has been banned by CRA in the 2016 budget) The Corporate Extraction Strategy involves transferring a personally owned life insurance policy to a corporation for its fair market value (FMV). When handled properly, it could result in withdrawing capital from […]

The Insured Annuity.

At a time when equity markets are experiencing high volatility, many believe that the safe alternative appears to be low return, highly taxed GICs. However; many seniors are now discovering how to increase their guaranteed yields by using the insured annuity strategy. There are two components to the Insured Annuity strategy: a non-registered annuity (ie, […]

Trusts Simplifies Estate Planning

A will ensures your heirs get exactly what you want them to, but a trust can simplify the process of transferring these assets to your heirs. The main difference between the two is that a trust lets you transfer assets to beneficiaries while you’re still alive, and a will transfers your assets when you die. […]