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...
by Frank Restorick | Sep 25, 2026 | Life Insurance
Whether your disability benefits get taxed comes down to one question: who paid the premiums? Let your employer cover the premium, and the Canada Revenue Agency usually treats the payout as taxable income. Layer on the Disability Tax Credit, CPP disability rules, and...
by Frank Restorick | Sep 24, 2026 | Life Insurance
Regulatory disclosure rules already require advisors to spell out charges, and new Total Cost Reporting requirements coming in 2027 will make comparing total costs far easier. TL;DR: Total Cost Reporting starting in 2027 will allow investors to see embedded fund...
by Frank Restorick | Sep 23, 2026 | Life Insurance
Whether an annuity payment is fully taxable or only partly taxable in Canada depends on how it was funded and how the contract is classified. Registered-plan annuities, built with RRSP, RRIF, or pension money, are generally fully taxable when received. Non-registered...