Insurance

One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Talk to us to see how we can help you.

One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.

There are 5 standard methods:

  1. Salary
  2. Dividend
  3. Shareholder Loans
  4. Transfer Personal Assets
  5. Income Splitting

 
There are also unique ways utilizing life insurance and critical illness insurance to access your retained earnings. Please contact us to learn how we can get more money in your pocket than in the government’s.

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Before buying insurance from your bank to cover your mortgage, please consider your options.

Before buying insurance from your bank to cover your mortgage, please consider your options.

What does the insurance cover?

  • From the bank: only the balance of your mortgage
  • From us: whatever you need it to cover such as debts, line of credit

What happens as my mortgage balance decreases?

  • From the bank: the coverage amount decreases as your balance decreases.
  • From us: the coverage stays the same for as long as you own your policy

What if I switch banks?

  • From the bank: You might lose your coverage and need to reapply
  • From us: Your coverage stays the same, since it’s not tied to your mortgage

Who gets the benefit if I die?

  • From the bank: The Bank
  • From us: You decide who gets the insurance and how to use it, such as to pay your mortgage, medical expenses or child’s education- whatever is best for your family

 Contact us for a complimentary review  

 

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Major changes are coming to life insurance, if you're looking to apply for life insurance or review your insurance needs, this is the best time to do it. The last significant changes made to life insurance were in 1982. Sit down with us to do a review prior to the changes coming into affect.

Major changes are coming to life insurance, if you’re looking to apply for life insurance or review your insurance needs, this is the best time to do it. The last significant changes made to life insurance were in 1982.

Sit down with us to do a review prior to the changes coming into affect.

Contact Us
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