Below you'll find a list of all posts that have been tagged as “insurance”
Whole life insurance, also known as permanent life insurance, is a type of life insurance policy that provides coverage for the entirety of the policyholder’s life. This type of policy typically includes a savings component, known as the cash value, which builds up over time and can be borrowed against or used to pay premiums. One of the main benefits …
Family Trusts can be a powerful tool for estate planning, tax planning, asset protection; and wealth transfer. A family trust is a legal entity that holds assets for the benefit of a specific group of individuals, known as beneficiaries. The assets in the trust are managed by a trustee, who is responsible for making decisions about the assets and distributing …
Capital Gains Tax and the Value of Life Insurance in Canada Capital gains tax is a tax imposed on the profit made from the sale of a capital asset, such as real estate or stocks. In Canada, the capital gains tax rate is currently at 50% of the gain, and it is calculated by subtracting the adjusted cost base (ACB) …
According to various surveys conducted throughout Canada, over 57% of Canadians do not have a will. If you are part of that number, or feel like your will may be outdated, this article is for you. Regardless of your personal circumstances or relationship status, having an up to date will is one of the most important documents that you could …
One of the most popular blog posts I wrote was back in 2019 explaining the Insured Retirement Plan. It is mid way through 2022 and the markets are currently struggling under higher inflation, geopolitical tensions across the globe and the lingering effects of Covid. What about the Insured Retirement Plan in 2022, has the strategy held up? Read on to …
Grocery shopping has forever been a dreaded task in our household, even before we had kids. The dreaded two-hour trip to the grocery store that had to be carved out of the week was a real buzz kill for us: dragging our butts to the store, shopping, then bagging and loading the bags, coming home; and unloading them again. Not …
Canadians are thinking about a retirement reset According to a new poll by RBC dubbed the 2021 RBC Retirement Myths & Realities Poll, it states that 18% of Canadian respondents aged 50+ have now hit the pause button on retirement, with Alberta being the highest at 33%. Respondents stated that the pandemic has caused them to hit the pause button …
Press Release Contact: Curtis Haigh curtis@precisionfinancial.ca LOCAL INTEREST Curtis Haigh Qualifies as a Member Of “Elder Planning Counselor” Designation Program TORONTO, ON – A nationally recognized designation, was conferred on Curtis Haigh of Precision Financial & Benefits after successfully completing an intense and rigorous test of knowledge regarding current seniors’ issues. The “Canadian Initiative for Elder Planning Studies” …
What is a financial and investment plan? And why would YOU need one? Even though I am quite capable to change the oil in my truck, as I get older I find that I don’t have the time to do it on a regular basis. Thankfully, there are people out there that do this service for a living. The same …
Why I love Generation Z. First, who is Gen Z? Generation Z are generally accepted as those individuals who were born between 1995 and 2012. Why do I love them so much? They get it. Generation Z is ‘woke’, especially when it comes to money. I talk to a lot of different people, and the most optimism I have seen …
This is a topic that comes out of the woodwork, almost every three or four years. Almost like clockwork, at least since I’ve been in the business. The scenario is this, I get a call from a client or a prospective client and they proceed to tell me about this new strategy that they are being pitched that usually …
Image courtesy of Pixabay Financial Tips and Practical Advice for Parents When you have a child, suddenly your priorities shift. Your perspective on the future changes, viewing everything through a lens held by a small person’s hand. You want to ensure the best possibilities for your youngster, but how do you make that happen? Here is some advice for …
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