Children can lose out when a parent remarries and fails to protect their offsprings' interests with a will, as a recent decision from the Alberta Court of Appeal shows
Many taxpayers miss the full range of medical expenses they can claim, expenses that can reduce their tax bill significantly. But the CRA often challenges such claims, so proper documentation is essential
With women controlling an increasing amount of personal wealth, it becomes more and more important for you to understand their approach to charitable giving so you can provide the advice they need
A scholarship plan firm was the loser in a recent SCC case dealing with the contractual obligations of advisors and their firms
Looking for growth in a low-growth insurance environment, a number of Canadian insurers are building out their wealth-management platforms — by adding mutual fund manufacturing, distribution or both.“We’ve seen a blurring of wealth management,” maintains David Scandiffio, president of IA Clarington Investments, a subsidiary of Quebec City-based Industrial Alliance Insurance and Financial Services Inc. In […]
Insurance advisor not permitted to claim trip with girlfriend, apartment expenses or life insurance premiums as tax deductions
Canadian companies say that even with the proposed changes, the tax measure will effectively eliminate a valued tax strategy
Here are some examples from advisors of how key person coverage has been applied:> Key person insurance coverage was purchased for a charity’s executive director after the charity’s board of directors estimated there would be a significant drop in charitable donations if the person died.> A vice president who was starting a new venture for […]
Key person insurance is one way to ensure the company your client founded will survive
No tax on donations of publicly listed securities to private foundations — but the change comes with lots of new rules