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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

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

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