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.
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.
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The information on this website is intended for residents of B.C., Manitoba, Ontario, and Nova Scotia only.
Insurance products, including segregated fund policies, are offered through BeaconPoint Financial Security Ltd.,
and Investment Advisors Andrew Hoggan, Jamie Madigan, Mike Woods and Heather Woods offer mutual funds, referral arrangements, and GICs through Quadrus Investment Services Ltd.