With a bold headline, Strong economy pays dividends, the BC Provincial Government announced on September 15, 2016, that it would be scrapping the proposed 4% BC MSP premium rate increase that it had announced earlier this year. “B.C.’s strong economic growth and better-than-forecast revenues” are Finance Minister Mike de Jong’s reasons for the government’s decision […]
Author Archives: DFG
Income Tax Rules, Life Insurance
Save Tax Before Life Insurance Tax Rules Change. Time is running out.
29
Aug
Aug
Take advantage of current CRA rules to save tax, and maximize wealth and cash flow. It’s been a long time since major changes were made to life insurance legislation in Canada that negatively impact your ability to save tax. That’s all about to change with the introduction of new exempt test rules for life insurance policies. […]
Income Tax Rules, Life Insurance, Tax-Saving Solutions
Time Frame Shortens on Life Insurance Tax Saving Opportunity.
29
Jun
Jun
Get your application in before October 1, 2016 insurer warns. Last week, Industrial Alliance announced that any life insurance application submitted after October 1, 2016 would be based on their new 2017 product. This news is not unexpected. With the introduction of less favourable tax rules for certain life insurance products coming into effect January 1, 2017, […]
30
May
May
Rolling the dice It’s difficult to begin an article about the need for Critical Illness (CI) without showing an alarming statistic about the incidence of serious or life-threatening illness among Canadians. The reason? Statistics tend to be accepted as FACT and, at least to some degree, resistant to emotional arguments. In the case of Critical […]