Critical Illness Insurance is More Important Than You May Think

By -
I saw this video recently about critical illness insurance and how it helped one family.

Comments

Post a Comment

Popular posts from this blog

Just The Minimum Please

By Unknown -
I see a lot of clients looking to get home insurance and when I ask them how much they want to insure for, they always say, "we only want the minimum, we don't have a lot of stuff". It's interesting when people say that because all they're focused on is how much it would cost them to buy the insurance. They never really think about how much it would really cost to replace what they own. Home insurance policies are normally set up to insure you for "replacement cost". This means that they'll get you back to where you were before the loss, never more, never less. So if your neighbor upstairs had a water leak and your 55" 4K Ultra HD TV that you bought for $2,500 3 years ago short circuits because of that, the insurance company will replace the TV with the same brand, size and model without depreciation. They're not going to say that it's 3 years old now, here's $500 to replace it. People don't realize this so they underest...
Read more

Taxation of Income Trust

By -
The federal government surprised everyone on Halloween when they announced that income trusts who have been publicly traded before November 1, 2006 will become taxable in 2011, with the exception of certain real estate income trusts. What will happen is income trust will be taxed the same as Canadian corporations. Trust that haven't started trading in the stock market yet will be taxed using the new rules starting 2007. This announcement created a huge drop in the S&P/TSX Composite index, down 294.2 points or 2.4 percent to 12,050.39. The TSX Income Trust sector fell more than 12 percent which saw the sector lose about $20 Billion in market value overnight. What lead to the decision to tax income trust can be read on this article from the Globe and Mail.
Read more