If your clients want to pass down money to their kids or grandkids in a smart and tax-friendly way, the cascading life insurance strategy  could be the answer. It helps wealthy families grow and protect their money across generations, while avoiding many of the taxes, fees, and delays that come with traditional estate planning. This method is particularly useful for affluent grandparents who may not be insurable and who want to leave a lasting legacy for their children and/or

LISTEN TO THIS ARTICLE AS A PODCAST In today’s financial advisory environment, change is inevitable. Advisors frequently inherit legacy...

This question comes up from time-to-time. 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 RRSP at work. Under the terms of their group plan, they are contributing 2% of their salary and the company is matching.  Each year the group RRSP administrator will report to CRA the amount in total contributions to the employee’s group RRSP. Let’s also suppose the employer’s contributions vest after t

Protecting Your Retirement Future Against Critical Illness When planning for a comfortable retirement, individuals typically focus on...