by Frank Restorick | Oct 20, 2026 | Life Insurance
You can take money out of your TFSA at any time, for any reason, and you will not pay tax on it. The rule that catches people is not the withdrawal. It is the re-contribution: the room you free up does not return until January 1 of the next calendar year, and putting...
by Frank Restorick | Oct 19, 2026 | Life Insurance
Canada has no inheritance tax. If a parent, spouse or relative leaves you money or property, you do not pay tax simply because you received it, and you do not report the inheritance as income. The catch is that the person who died is taxed on their final return, and...
by Frank Restorick | Oct 19, 2026 | Life Insurance
A TFSA can hold far more than cash. Qualified investments include savings deposits, GICs, bonds, mutual funds, segregated funds, and most securities listed on a designated stock exchange, including stocks, ETFs and REITs. Real estate, cryptocurrency held directly and...
by Frank Restorick | Oct 17, 2026 | Life Insurance
A residual disability benefit pays you a share of your normal disability benefit that matches the share of income you lose when you can still work, but only part of the time or at lower pay. If your earnings could drop without stopping entirely, a rider is worth...
by Frank Restorick | Oct 16, 2026 | Life Insurance
Disability insurance replaces part of your income when illness or injury keeps you from working. The Financial Consumer Agency of Canada says disability insurance generally replaces 60% to 85% of income, but caps, offsets and tax treatment decide what you actually...