by Roger Crandlemire | Aug 10, 2016 | Life Insurance
Are you thinking of donating a lump sum to a charity of your choice at your decease? The most efficient way to do that is through a life insurance policy, providing of course, that you are insurable. There are three methods by which a donor can gift life insurance to...
by Roger Crandlemire | Jun 10, 2016 | Financial Planning, GICs, Retirement Income, Segregated Funds
Government clawbacks can potentially be applied to even modest income levels and can be an emotional matter. They can reduce both income benefits/supplements and otherwise claimable tax credits. The term used rather than ‘clawback’ by Service Canada is ‘Recovery Tax’....
by Roger Crandlemire | May 3, 2016 | Legacy Protection, Life Insurance
Since June of 1992 when Ontario tripled its probate fees, people have been looking for ways to avoid paying probate. Probate fees in Ontario are $250 for the first $50,000 of the estate and $15 for each additional $1000 WITH NO UPPER LIMIT. Here are some tips to...
by Roger Crandlemire | Apr 10, 2016 | Financial Planning, Uncategorized
The new Liberal government announced significant changes in their budget on March 22, 2016 that affect your personal finances. Here are a few key points. Sources: Budget highlights: www.budget.gc.ca Crude oil prices:...
by Roger Crandlemire | Mar 17, 2016 | Financial Planning, Legacy Protection
Allan & Mary, Alexandria, Ontario Both in their late 60s, retired couple Allan and Mary were intent on protecting the legacy they had planned to leave for their four children. Concerned with the tax liability attached to substantial registered savings and...
