Life Insurance & Business Succession

Life Insurance & Business Succession

Having a life insurance policy in place is one of the best ways to ensure your family’s financial well-being after you pass. However, it may not be only family members that require financial support in your absence. If you are a small business owner, you should strongly consider taking a policy out on yourself that […]

Understanding Critical Illness Insurance

Understanding Critical Illness Insurance

Mortality and critical illness are not common conversation topics around the dinner table. The discussion and preparation for such events is almost taboo to discuss, however being prepared for the worst could prove to be the wisest preparation of your life. The Impact of Critical Illness Critical illness is certainly not a welcomed or anticipated […]

Naming Beneficiaries for Your Financial Assets

Naming Beneficiaries for Your Financial Assets

When naming a beneficiary for each of your financial assets, the obvious choice may not always be the best choice. You should consider tax and estate planning implications, among other things. We have listed important items you should consider when naming beneficiaries for major financial assets: Tax-Free Savings Accounts With a Tax-Free Savings Account (TFSA), […]

How to Cope With the Sandwich Generation Squeeze

How to Cope With the Sandwich Generation Squeeze

  Picture a sandwich. The top slice of bread is the responsibility of taking care of your elderly parents. The bottom slice is your young adult children who have boomeranged back home or are involved in post-secondary education. You are the meat stuck in the middle, trying to take care of both while working towards […]

Tax-Smart Charitable Donations

Tax-Smart Charitable Donations

In Canada, you are able to support helpful charities in a number of different ways. If you go over your donation plan strategically, you can optimize the benefits to both yourself and the charities that mean the most to you. Read on to learn more about strategies involving charitable donations: Life Insurance Proceeds If you […]

Adjusting Your Estate Planning Strategies 

Adjusting Your Estate Planning Strategies 

Estate planning is not easy. It is important to go over your estate plan many years before it will be administered, but a lot can change during the years between. How do you properly develop an estate plan when your future plans may change? You may end up remarrying, or taking on a dependant unexpectedly. […]

Small Business Insurance and Why You Need It

Small Business Insurance and Why You Need It

Growth and increasing revenue are two positives of a successful small business. As both increase, it’s important to look at your big picture. As the business develops and your responsibilities grow, it becomes important to protect your assets. Protection can be obtained through insurance policies. Here are a few areas where you should consider having […]

*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.