Life

Donate life insurance, save tax

Fewer Canadians are donating to charity. Statistics Canada reports donations fell nearly 2% to $8.3 billion in 2012. What’s worse, the number of people giving slipped 1.4% to 5.6 million.

By David Wm. Brown |May 9, 2014

3 min read

Donate life insurance, save tax

Save tax by donating life insurance with this new CRA rule.

May 2, 2014

2 min read

Manulife simplifies UL, changes advisor comp

Manulife Financial is releasing a new UL product next month, and says it has the industry’s lowest average investment fees.

By Melissa Shin |April 28, 2014

3 min read

Help a client who’s lost insurance paperwork

In-Kyung Choi, 48, is an anchor for a local news station in Halifax. Retirement’s almost 20 years away, but she’s recently changed advisors because she felt her assets weren’t producing adequate returns. Her new advisor asks her to do an asset inventory as part of the planning process. The exercise jogs her memory. Her late father had mentioned a life insurance policy he took out on her when she was born. Problem is, she doesn’t know which company issued it, how much it’s worth or if it’s still active. The policy could have significant cash value, so In-Kyung’s determined to track it down.

By Dean DiSpalatro |April 4, 2014

5 min read