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Wiest Insurance & Investment Management

Letting you know, what you need to know.


Keep up to date with the latest information in the insurance and investment industries.

Funding a Buy/Sell Agreement using Life Insurance

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Buy/sell agreements provide for the transfer of the ownership of the business in different circumstances death, disability, retirement or disagreement. At death or disability, for example, the remaining owners may not want to be in business with the deceased owner’s heirs or the non-active disabled owner. As well, the heirs or disabled owner may prefer … Continued

Should your business partner die, will your business survive?

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Should your business partner die, who would inherit his portion of the business, his wife, or his children? The sudden death of a shareholder in a closely held corporation can be a significant loss to the company’s on-going operations. It will leave a hole in the management team and could cause severe strain in decisions … Continued

Financial Planning for Beginners

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After losing her husband Greg, Sara Bailey created TheWidow.net to support her fellow widows and widowers. She is also the author of the upcoming book Hope and Help After Loss: A Guide For Newly Widowed Parents. Written by: Sara Bailey One of the greatest joys in life, without a doubt, is having a family.  However, … Continued

The benefits of using a corporately owned insurance policy under the new passive investment income rules…

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As we discussed earlier, the Federal budget in February of 2018 introduced new rules on how passive investment income inside a corporation is taxed and viewed. Passive investment income has always been taxed at a very high rate, which made it important to be clear on how your corporate cash surplus was invested or saved. … Continued

The small business Clawback

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In 2018, Canadian-controlled private corporations (CCPCs) pay corporate income tax on small business income at 12 percent in Alberta. This rate is to be reduced to 11 percent in 2019. The small business limit (the amount of income annually that is eligible for the small business rate) is $500,000 in Alberta Under the Proposals, the … Continued

What is a critical illness policy?

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Covered Critical Illnesses and Conditions

A critical illness policy is a policy that pays a tax-free benefit if you were to ever contract a critical illness and survive. The big 3 are heart attack, cancer and stroke…but in all, 25 different illnesses are covered in most critical illness policies. Just like life insurance, you can decide whether you want a … Continued

Critical Illness Insurance

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Critical Illness Rates In Males Before Age 65

We always think it will never happen to me. But never is happening. Pretty much everyone you talk to would tell you they have had a family member or a friend…if not themselves, affected by a critical illness. Cancer, heart attack, and stroke make up the bulk of these critical illnesses…but most policies will cover … Continued