Corporate owned life insurance can offer a “two bird one stone” solution to business owners. If used appropriately, strategies such as these are a viable option for a private corporation with a substantial amount of excess income and a life insurance need.

As expected, the Federal Reserve raised its key lending rate, the federal funds rate, on March 16th, two weeks after the Bank of Canada raised its rates. Canadians wondered, “how will this affect me and my family?”

Housing prices have been climbing quickly. This is especially true in major urban centres where most Canadians live. The rate of increase for the average sale price appears to be climbing faster than people are able to save.

A capital gain can be defined as an increase in the value of an asset (stocks, shares, etc.) from its original cost price.

Ever feel like your money is not going as far as it used to? Do not worry, you are not imagining it. You can blame inflation; Inflation is the rising price of goods and services over time. This rise impacts your purchasing power.