Category: Blog

Sun Life – 3 month COVID-19 premium deferral

Since COVID-19 started, we have been working with various insurers to get some premium deferrals for our clients. Below is direct from Sun Life as of March 26, 2020. The COVID-19 pandemic is affecting the lives of our Clients. Sun Life is ready to help. For Clients who are facing financial hardship due to the pandemic, we have put together a plan to help them keep their valuable life and health insurance coverage in place. Clients, or their advisors, can…

The markets are falling and no one knows when its going to stop.

February 27, 2020 According to CNN this morning… US stocks fell into correction territory on Thursday as a week long selloff continued because of the coronavirus outbreak. All three major US indexes are now on track for their worst week since the financial crisis. The Dow, Nasdaq Composite and S&P 500 all fell more than 10% below their most-recent peak, putting them in correction For the Dow and the S&P 500, this week is pacing to be the worst performance since October 2008.…

Life insurance can be a core strategy for retirement savings

Life insurance can be a core strategy for retirement savings TIM CESTNICK SPECIAL TO THE GLOBE AND MAIL PUBLISHED JANUARY 30, 2020 In 2001, Carey McWilliams obtained a permit in North Dakota to carry a concealed weapon. The thing that makes his story so unusual is that he’s legally blind. Mr. McWilliams had satisfied the state’s shooting test by hitting a human-sized target 10 times out of 10 from a distance of 21 feet, or 6.4 metres. Today, he has…

Fall Tax Clean up

As we make our way through the fall season, one area we noted physicians have been “cleaning up” is their taxes and terminal planning. First, we help you understand what happens to your estate when you pass away and then how to redirect assets through your medicine professional corporation tax free. WHAT HAPPENS TO YOUR ASSETS WHEN YOU PASS AWAY? Upon death, you are deemed to have disposed of assets at their market value at the time of death. The…