Latest Financial & Insurance News
The Valuation of Corporate-owned Life Insurance on the Death of a Shareholder
- By smithfinadmin |
October 8, 2020
By Glenn Stephens, LLP, TEP, FEA, The valuation of life insurance policies for the purposes of Canadian tax law is subject to a confusing set of rules and interpretations. In some instances, specific provisions in the Income Tax Act (the[…]
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Driven to Distraction
- By smithfinadmin |
October 8, 2020
By Carol Neuss Thanks to a clampdown on drunk driving, more use of seatbelts, and cars equipped with airbags and the technology to help avoid accidents, the number of deaths due to motor vehicle accidents has decreased over the past[…]
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Hidden health-care costs can be a shock for retirees
- By smithfinadmin |
December 30, 2015
Every Thursday, Randy Filinski drives a group of seniors to one of two government-sponsored physiotherapy sessions in Toronto’s Scarborough area and sees firsthand the realities of inadequate health-care coverage in the retirement years. Mr. Filinski, volunteer chair of CARP’s Ajax-Pickering[…]
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Three Areas Where You Can Save Money
- By smithfinadmin |
December 16, 2015
I believe that, just like people, our money needs a purpose. Sometimes it’s obvious what that purpose is: saving, covering the cost of housing, food, bills etc. but often, once those recurring payments are taken care of, the remaining dollars[…]
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What The Liberals’ Tax Promises May Mean For Your TFSA
- By smithfinadmin |
December 8, 2015
Just moments after being sworn in as our new Prime Minister, Justin Trudeau and his cabinet announced that Parliament will reconvene on December 3 and immediately turn their attention to taxes. While the priority focus will be on marginal tax[…]
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Are you playing rational roulette with your retirement plans?
- By smithfinadmin |
December 1, 2015
We all know that our mental abilities will wane at some point, though we like to think it won’t be until extreme old age. Is it possible that those abilities diminish sooner and faster than we think, even in the[…]
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The joy of retirement readiness
- By smithfinadmin |
November 24, 2015
I’ve been facilitating courses and seminars on Retirement Readiness for long enough that I have been a part of hundreds of people’s retirement planning process. Some have come back to see me after they retired. Others have sent a message[…]
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Want to destroy your wealth? Here are 10 of the best ways to go about it
- By smithfinadmin |
November 17, 2015
It was my worst financial mistake and left me in what seemed like massive debt at 18. Surprise, the problem started with a credit card. We’re not talking about spare change here. Financial Post’s Garry Marr looks at how taxpayers[…]
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Where in the U.S. will my travel dollars go further?
- By smithfinadmin |
October 13, 2015
The misery of a Canadian dollar that buys little more than a slap in the face overseas makes backyard camping seem like a good idea. But while melting your MasterCard on hotel rooms in the United States is easy, there[…]
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