Do wealthy people invest in life insurance in Canada?
Many wealthy Canadians invest in life insurance because it can be one of the most tax-efficient ways to preserve and transfer wealth.
July 7, 2026
Many wealthy Canadians invest in life insurance because it can be one of the most tax-efficient ways to preserve and transfer wealth.
Permanent life insurance is designed to last for your entire lifetime, provided the policy is properly funded and remains in force according to its terms.
Are bank accounts part of an estate in Canada? Yes, bank accounts are generally considered part of your estate unless they are structured to pass outside of the estate. If the account is held solely in your name with no valid beneficiary designation or survivorship rights, it will normally form part of your estate and be administered by your estate trustee.
Eugene and Kathy, ages 76 and 75, came to me looking for ways to reduce the taxes and estate fees that could affect the inheritance they planned to leave to their three children.
Do all wills go through probate in Ontario? Not every Will in Ontario has to go through probate. Whether probate is required depends on the types of assets you own, how they are registered, whether they have designated beneficiaries, and the financial institutions involved.
Jeff and Janice, a retired couple, came to me in their early 70s looking for a way to keep their family cottage in the family.
How can I leave my property to adult children in Canada? The best way to leave your property to your adult children depends on the type of property, your tax situation, your family dynamics, and your overall estate plan.
Universal life insurance is often worth it when your goals go beyond basic insurance protection and begin focusing on tax efficiency, long-term wealth preservation, and estate planning.
Dorothy was in her late 70s and was dealing with a family conflict. She wanted to remove her home from her estate so it would not form part of the assets dealt with after her death. Her tax advisor transferred the residence into a living trust because the goal was to simplify the estate and reduce potential conflict among family members.
Bill came to me after inheriting a company and trust structure from his father. The inherited assets carried approximately $1.25 million of deferred capital gains tax liability. Bill was financially secure and did not need the assets for his own lifestyle. Instead, he wanted to preserve the wealth for his children and grandchildren while preventing future tax liabilities from growing even larger.