Wealth update – What is a Pension Adjustment Reversal - PAR
Here’s an easy way to explain the Pension Adjustment Reversal or PAR to your clients. Consider an employee who is a member of a Group...
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Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Nov 15
- 4 min
Intercorporate Dividends: Are they always TAX FREE?(Issues related to insurance solutions)
In last month's article “When to consider having a Holdco” I discussed the ability of a Holdco to receive tax-free intercorporate...
Scott Edgington
- Nov 1
- 2 min
Wealth Update – High Yielding Money Market Funds
With interest rates where they are, many of our carriers are offering good rates on either their daily interest accounts or money market...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Oct 17
- 6 min
When to Consider Having a Holdco?
In a previous article, I discussed the benefits of incorporating. Specifically structuring one’s business affairs within an operating...
Scott Edgington
- Oct 10
- 2 min
Wealth Update – LIF Unlocking Strategy
Here’s a clever way to move LIF money to either an RRSP or RRIF. As we know, LIFs have annual minimums and maximums. The concept is to...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Sep 13
- 5 min
The Capital Dividend Account (CDA): Beyond Life Insurance
I’ve heard it referred to as the “magic sauce” behind all corporate insurance strategies. Quite frankly, I think it’s a well-deserved...
Scott Edgington
- Sep 7
- 2 min
Wealth Update – Beneva and Assumption Life Sweet Spots and Contest Winners
Let's start with the sweet spots. Assumption Life Investment options through the Registered Investment Account (RIA) Average reduction...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Aug 14
- 5 min
Collateral Insurance Deduction: When and How?
Generally, premiums paid under a life insurance policy are not considered an allowable deduction for income tax purposes, but there do...
Scott Edgington
- Aug 1
- 2 min
Wealth Update – Beneva Sweet Spots, DIY Maturity Guarantee and Contest Reminder
This week let’s start with Beneva’s sweet spots. Recall Beneva is the coming together of La Capitale and SSQ. Beneva has two product...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Jul 17
- 4 min
Capital Gains Surplus Strip Strategy: What you need to know.
There’s been a constant theme throughout the previous federal budgets to focus on high-net-worth individuals and certain corporations to...
Scott Edgington
- Jul 4
- 1 min
Wealth Update – Summer Sweet Spots – RBC Life
Our summer sweet spot series continues with RBC Life this week. Here are RBC Life’s sweet spots: Very simple straightforward contract...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Jun 20
- 8 min
Corporation as an Effective Tax Planning Tool
Although business owners have a few good reasons to incorporate: creditor protection (via limited liability to protect personal assets...
Scott Edgington
- Jun 5
- 2 min
Wealth Update – Can Too Much Probate Be Avoided?
We have spent a great deal of time promoting the beneficial properties of insurance company investments, but have we gone too far? As a...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- May 16
- 8 min
Insurance Planning around the Passive income tax rule changes from 2018
We often hear of the dreaded passive income tax rules introduced in 2018 and their impact on the small business deduction (SBD) limit. ...
Scott Edgington
- May 3
- 2 min
Wealth Update – Cost of Using RRSPs to Finance a Critical Illness Need
Here is a correction to last week’s email blast. In Q1, the strongest fund at Empire Life was the Multi-Strategy Global Growth with a...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Apr 18
- 7 min
The Value of Permanent Life Insurance: “Point of Sale” Tools
I frequently get the opportunity to work on cases that involve clients who’ve amassed a great deal of financial wealth in their lifetime....
Scott Edgington
- Mar 30
- 2 min
Wealth Update – Seg Funds and Non-resident Beneficiaries plus a Federal Budget Summary
Before we get into this week’s subject, here is a summary of the proposed Federal budget presented this week. For those with clients with...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Mar 22
- 8 min
Split-Dollar Critical Illness (Or Shared Ownership CI Strategy): A Cautionary Tale!
I was recently parachuted into a case where three shareholders/partners were contemplating a “Split Dollar CI” using a 15-pay permanent...
Scott Edgington
- Feb 28
- 2 min
Wealth Update – Successor Owners and Annuitants vs. Beneficiaries
As promised in last week’s newsletter, this week we’re going to look at successor owners and annuitants. As a reminder, A successor owner...
Tony Gallippi, B.A.S (Hons.), CFP, CLU
- Feb 13
- 5 min
Charitable Giving and Life Insurance Part 2: Wealth/Estate Replacement Strategy
Do you want 100% of your wealth preserved for your family, or favorite charity, or only 100% of what is left over after the government...
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