What Are the Disadvantages of Universal Life Insurance in Canada?
Universal life insurance offers flexibility, but it also requires more involvement and understanding than some other types of permanent insurance.
June 15, 2026
Universal life insurance offers flexibility, but it also requires more involvement and understanding than some other types of permanent insurance.
Inheriting property in Canada can come with significant tax implications, particularly capital gains tax.
A capital gain happens when you sell or are deemed to have sold a property or investment for more than you paid for it.
Permanent life insurance is often worth it when there is a need for lifetime protection, tax-efficient wealth transfer, or long-term estate planning.
Avoiding capital gains tax on a family cottage is one of the most emotional and financially sensitive parts of estate planning in Ontario.
What is a living trust in Canada? A living trust is a legal arrangement where you transfer assets into a trust while you are still alive.
In most cases, the best time to get permanent life insurance is when you are younger and healthy, because premiums are typically lower and insurability is stronger.
If you’re looking into holding property in trust in Ontario, you likely want to understand how it works and whether it’s the right choice for you.
Permanent life insurance provides lifetime coverage as long as the policy remains in good standing and premiums are paid according to the policy design.
When you inherit a house in Ontario, ownership is transferred to you according to the deceased’s will or estate plan.