Life insurance is an important tool that helps you protect your loved ones from financial distress if you die. There are also advantages to life insurance beyond the death benefit.
Knowing how much you need to save based on how old you are now can start you on the path to help you reach your retirement goals. There are a few simple formulas that you can use to come up with the numbers.
To get a better grasp of your financial health, it might help to ask yourself a few key questions—consider this a self-assessment of your financial health.
Executives need to carefully plan for retirement, especially as their ongoing expenses may be higher and they will need to save more to support their lifestyle in retirement.
A trust can be a part of your estate planning. But trusts can be confusing. What are they? What are they used for? Should you have one? How are they taxed?
The Canada Pension Plan contains endless subtleties that can trip up even the experts from time to time. My usual advice, to defer CPP until age 70 to get the most out of the plan, doesn’t work in 2022.
Can a Living Trust save taxes and fees on your estate? The short answer is Yes!
The Canadian government has just made good on its 2021 budget promise. Starting last week, it permanently increased Old Age Security payments by 10 per cent for seniors age 75 and older, marking the first permanent increase to the OAS pension since 1973.
Insurance can be an effective tool. Here’s an idea involving insurance that can provide a tax-free source of cash flow in retirement.
Types of spousal support payments and legal fees related to support payments can be deducted from a client’s income, which can help reduce their taxable income.
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