Category Archives: Blog

If not for life insurance, Disneyland might have existed only in Walt’s imagination. James Cash Penney’s personal depression during the Great Depression might have shuttered the J.C. Penney chain. McDonald’s might have only served a few hundred thousand. find out how life insurance played a key role in either the creation or survival of some […]

If you’re a business owner, your business deserve protection , insurance can provide that security in a number of ways that may surprise you. It can also provide opportunity to help build assets in a tax-effective way for your retirement or estate plan. The Purchase of Shares If you have one or more shareholders in […]

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 […]

How do you motivate people? What’s the biggest motivator? Progress. Via The Progress Principle: Using Small Wins to Ignite Joy, Engagement, and Creativity at Work: Of all the positive events that influence inner work life, the single most powerful is progress in meaningful work; of all the negative events, the single most powerful is the […]

An estate plan helps you plan in advance what will happen to your money and property after your death. For example, you can use it to increase your wealth to benefit people who will inherit from you. You can also use an estate plan to reduce taxes owing when you die. But to make an […]

I recently read about someone who was relatively a wealthy person, married, had 3 kids and was in his early 40s. His intention was to make a will and leave everything to his wife, but he was tragically killed in a car crash before he could. When the dust finally settled, the courts ruled that […]

“Originally published in the February 2017 Forum Financial Magazine Written by Deanne Gage.” When I visited my dad in Nova Scotia, there was always a trip to see his various advisors. There was always a run-through of the location of his important papers. There was always a lecture about his intentions, what to do if […]

Here are some of the benefits you may enjoy by having a trust. 1. Saving taxes You can save on taxes by having a trust, For example, it’s possible to split income with lower-income beneficiaries by allocating income of the trust to those beneficiaries to be taxed at their lower rates (though there are some […]

Unlike the U.S., Canada has no estate or inheritance tax. Yet despite this, death can trigger a significant income tax bill that, if not properly planned for, can leave an unexpected liability when a loved one passes away. Here is what happens to your non-registered and registered assets when you die: Non-Registered Assets The general […]