Category Archives: Personal Finance

Taxation of Estates: Changes are coming

    Last year, the federal government announced that changes would be coming with respect to testamentary trusts, these new changes come into effect January 1st, 2016.  The new changes include: No Graduated Tax Rates Available for Testamentary Trusts All income earned and kept by a Testamentary Trust will be subject to tax at the top flat

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    When and Why You Should Conduct an Insurance Audit

      As our lives grow and change with variable circumstances, new additions, and job transitions, our needs for insurance will also evolve. Additionally, economic fluctuations and external circumstances that influence your insurance policy will need frequent re-evaluation to ensure that you are making the most appropriate and financially favorable decisions. Perhaps you aren’t sure whether you

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      Segregated Funds and Mutual Funds- What’s the difference?

        The Difference between Mutual Funds and Segregated Funds Both mutual funds and segregated funds are a type of investment pool. The financial assets of these pools are owned by the investors. Segregated funds are considered as insurance products sold by an insurance company and have different risks and benefits when compared to mutual funds. Only

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        Property Ownership

          Tenants in Common and Joint ownership are two ways of owning property that couples have as an option. Many couples use the Joint Ownership option as a way to avoid probate.We can help you to figure out the most beneficial way to set up your assets so that the greatest possible share of your wealth

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          Probate

            Probate- What is It? Probate is a term that refers to the general legal process and proceedings that go on after a person dies. Probate includes several different things, including taking a look at the value of the property owned by the deceased, handling any remaining debts or tax debt that the deceased had in

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