by Frank Restorick | Nov 9, 2026 | Life Insurance
The right time to buy an annuity in Canada is when your guaranteed income (CPP, OAS, any pension) falls short of your essential spending and you want to close that gap for life. For most people that is somewhere between retirement and the year their RRSP must convert,...
by Frank Restorick | Nov 8, 2026 | Life Insurance
The Canada Education Savings Grant (CESG) is free money from the federal government that tops up your contributions to a child’s Registered Education Savings Plan (RESP). The basic grant is 20% of what you put in, up to $500 per child per year, and a child can receive...
by Frank Restorick | Nov 7, 2026 | Life Insurance
A donor-advised fund (DAF) is an account held inside an existing charity, usually a public foundation. A private foundation is a separate registered charity that you create and run yourself. The DAF is faster, cheaper and more private. The private foundation gives you...
by Frank Restorick | Nov 6, 2026 | Life Insurance
A prescribed annuity is a non-registered annuity that pays you a steady income, and for tax purposes each payment is split into the same blend of tax-free return of capital and taxable interest every year. That level treatment is the whole point. A non-prescribed...
by Frank Restorick | Nov 5, 2026 | Life Insurance
If you are covered by more than one group health or dental plan in Canada, the plans work together on each claim. One plan pays first, the other pays some or all of what is left, and together they never pay more than 100% of the eligible expense. That process is...