Insurance

Purchasing life insurance can reduce the financial burden on your loved ones and help build and transfer wealth, but are there any tax implications you should know about?

If you’ve ever taken out a mortgage, car loan, or line of credit in Canada, you may have come across one final question before wrapping up: Do you want creditor insurance?

Life insurance is a valuable tool to ensure your loved ones are financially cared for after you die. It can also be used as a savvy financial strategy for building and transferring wealth while you’re living.

While holding your sleeping baby in the delivery room, you marvel at their newfound life, and think about the world that awaits them. It’s a precious moment, one you’ve spent months preparing. An entire life is now dependent on you, one who will be affected by your every decision.

You’ve popped the champagne, counted to midnight and watched the new year arrive. Now it’s time to focus on making the next 12 months count.

The threat of having your identity stolen, email hacked, or bank account drained is becoming more of a possibility every single day. What was once considered a business-only risk is now a reality for many Canadians.