by Frank Restorick | Sep 2, 2026 | Life Insurance
Cash value life insurance is permanent life insurance that pairs lifelong coverage with a savings component you can borrow against or withdraw from. Unlike term insurance, which only pays a death benefit for a fixed period, it costs more but builds equity you can tap...
by Frank Restorick | Sep 1, 2026 | Life Insurance
Universal life insurance is permanent coverage that pairs a lifelong death benefit with a flexible, tax-deferred cash-value account. It suits people who need coverage that never expires and who are willing to actively fund and monitor the policy over decades. The...
by Frank Restorick | Sep 1, 2026 | Life Insurance
Long-term disability benefits are taxable in Canada when your employer pays the premium, and generally tax-free when you pay it yourself with after-tax dollars. Cost-shared plans split the difference proportionally. Before you assume either way, pull up your pay stub...
by Frank Restorick | Aug 30, 2026 | Life Insurance
Most employee benefits are taxable in Canada under Section 6 of the Income Tax Act, unless a specific exclusion applies. The biggest exception: employer-paid premiums for a qualifying Private Health Services Plan covering medical, dental, or vision care stay tax-free...
by Frank Restorick | Aug 29, 2026 | Life Insurance
Budget between roughly CAD 150 and CAD 275 per employee per month for a competitive group benefits plan, or annual costs falling in the low thousands per employee. Most employers spend an additional share of base payroll once benefits are added on top of wages. That...
by Frank Restorick | Aug 29, 2026 | Life Insurance
A spousal RRSP is funded with the contributor’s own RRSP room, the contributor claims the tax deduction, but withdrawals are usually taxed to the annuitant, the spouse who owns the account, unless the three-year attribution rule pulls that income back onto the...