The premiums for universal life insurance in Canada can vary significantly depending on your age, health, coverage amount, smoking status, and how the policy is structured.
In Canada, there’s no gift tax, but property gifts can trigger capital gains. Discover how to give generously while minimizing taxes.
Putting a house in a living trust in Canada means transferring legal ownership of the property to a trustee while alive.
An irrevocable trust offers advantages like asset protection, reduced taxes, and avoiding probate.
Gifting a home to your kids in Canada isn’t tax-free. Learn how capital gains tax, the Principal Residence Exemption, and estate planning can impact the transfer.
At what age should you buy universal life insurance? The ideal time to buy universal life insurance is usually in your 30s or 40s, when you are healthy, premiums are lower, and there is more time for the policy to build tax-sheltered growth.
Universal life insurance offers flexibility, but it also requires more involvement and understanding than some other types of permanent insurance.
Helen came to me looking for guidance after deciding she wanted to help her daughter Susan through a difficult period following a divorce.
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.
