It’s often said that nothing in life is certain but death and taxes. Probate fees on an estate can be added to this common saying. Probate fees are paid on the fair market value of the assets held in the deceased’s estate. While obtaining a grant of probate is not mandatory, in order for certain assets (land, financial accounts, publically traded securities) to be transferred to beneficiaries and to protect the Executor and others from liability, most estates are probated. Continue reading “Death, Taxes and Probate Fees”
The introduction of legalized cannabis in October 2018 was accompanied by a great deal of publicity, debate and no shortage of controversy. Less publicized but equally as important, were the changes made to the impaired driving laws in December 2018, addressing the use of both alcohol and cannabis when behind the wheel of a vehicle. Continue reading “DUIs: New Laws for a New Era”
As an advisor, you can have a positive impact on the investment outcomes of your clients. Continue reading “It’s Not Just About The Fees”
Goodbye rainbow of food groups, hello mindful eating. Continue reading “The Canadian Food Guide & Life Insurance”
Participating whole life insurance is one of the most tried and tested products in the life insurance industry. It has had its ups and downs, but the stability, security, and simplicity of whole life has kept it as one of the most popular forms of permanent insurance. Despite this, clients are still often confused and bewildered by the high cost of the products.
Most agree that money can buy the necessities and a little more money can add a few extra comforts to our day-to-day lives. In fact, it is often debated whether a greater fortune brings longer life, but few medical studies have taken a serious look at this question.
Until now, a biopsy study looking for cancer usually involves either a sharp scalpel to remove the suspected tissue or a needle injected into the site requiring examination. What if a simple, inexpensive blood test could do the following: Continue reading “Liquid Gold: A Fluid Approach to Cancer Underwriting”
Is your client interested in putting money into their Tax-Free Savings Account (TFSA)? The new limit for 2019 will be $6,000.
The 2018 Federal Budget introduced new rules that can reduce the amount of the small business deduction available for active business income earned in a Canadian controlled private corporation where the corporation earns passive investment income beyond certain limits. Continue reading “2019 Brings Changes to Passive Investment Income”
With the legalization of marijuana across Canada, the insurance industry has also moved toward accepting recreational users on a larger scale and, more recently, on a non-smoker rate basis. Continue reading “Cannabis and Underwriting”