by Frank Restorick | Oct 1, 2026 | Life Insurance
For the July 2026 to June 2027 payment period, Old Age Security recovery tax starts once your net world income crosses the threshold set by Service Canada, and you repay 15% of every dollar above that line. If your income clears the maximum threshold, your OAS can be...
by Frank Restorick | Sep 29, 2026 | Life Insurance
The policy owner is the person or entity with legal control over a life insurance contract, and that control is the single most important fact in the whole arrangement. An owner can change the beneficiary, borrow against the cash value, surrender the policy, or assign...
by Frank Restorick | Sep 29, 2026 | Life Insurance
If you’re a parent expecting more than one child, or you want savings pooled and shared, a family RESP usually makes sense. If the subscriber isn’t related to the child, or you want a dedicated single-beneficiary account, an individual RESP is the right structure....
by Frank Restorick | Sep 27, 2026 | Life Insurance
A life insurance trust in Canada holds policy proceeds outside your estate so a trustee, not an executor, controls how and when beneficiaries receive the money. The right call depends on tax treatment, probate exposure, and how much administration you’re willing to...
by Frank Restorick | Sep 26, 2026 | Life Insurance
Most Canadian critical illness policies base their coverage on the CLHIA benchmark of a set of critical illness conditions, led by cancer, severe heart attack, stroke, major organ transplant, kidney failure, paralysis, dementia, multiple sclerosis, severe burns, and...