I regularly receive inquiries from families with disabilities about whether they need to report tax on their Registered Disability Savings Plan (RDSP), especially during tax season. Given the...
Category: Life insurance
Yesterday, I did a financial workshop for the YMCA Business Center. One key idea that I emphasize is not about any of the financial strategies, rather is the human psychology when it comes to making...
Many parents that I've talked to are very active in saving for their children with special needs. Especially with the Registered Disability Savings Plan (RDSP), their attention is focused on getting...
As I become a father myself, I'm more active in assisting young families to save for their children's future. In addition to the Registered Education Savings Plan (RESP), another strategy I always...
My Personal Experience In Handling Life Insurance Claim In Canada
Every now and then, I would come across sayings such as "I do not need any insurance coverage as premature death would not happen to me" or "life insurance companies tend to deny claims". Although, I...
Life Insurance in Canada that Grows with your Child – Part 2
Child Life Insurance using Canada Life’s Whole Life Par Policy: We just went through some basic ideas of whole life par policy. Let’s go over an illustration now. Suppose, a parent wants to set...