Whether you call it a cottage, cabin or chalet, these treasured family retreats are much more than a piece of real estate. In this article, we explore different avenues that a family can take when they are faced with the decision to sell their cottage or keep it for the next generation.
When picking or converting life insurance, one needs to consider not only the coverage necessary to support their family, but also the timeframe they expect to need the coverage for. While term insurance appears to be a smart solution in the short-term, the premiums can skyrocket after the first or second term (in some cases increasing by over 700%), urging many to drop it before passing away.
The start of a new year also marks the beginning of tax season. From RRSP to TFSA, fee deductibility and deferred income annuities, adopting the right tax strategy can be quite complex, but it is crucial to take full advantage of what you have.
If you’re a Canadian business owner looking to self-finance a short-term shareholder loan through your company, it’s important to know how you can arrange corporate loans without having to include them as income.
The LCGE is helpful for business owners and their families by allowing them to avoid paying taxes on capital gains (up to a certain amount) when they sell shares in a qualified business, farm property, or fishing property. In this blog, Amit Tewary, Wealth Advisory Associate, discusses the planning considerations that may affect your LCGE.