TVO invited me to join their newly-formed Planned Giving Advisory Committee.
What Do You Own? Audit Thyself
Saul Korman, of blessed memory, was an AMAZING man
Back in 2005, when I was about to launch www.illnessPROTECTION.com, I sought some sage advice from Saul Korman, of blessed memory, who sadly passed away last week at the age of 86.
He was a legendary fashion retailer, an undisputed radio advertising icon, and goodwill ambassador for St. Maarten.
I actually cold-called Saul to get his opinion on whether to use radio advertising in a way that hadn’t been done before – to sell Critical Illness Insurance and Life Insurance.
Most people told me it was a crazy idea that wouldn't work.
But Saul said it was a great idea. So I took his advice to go on the air March 5, 2005, and thank G-d haven’t looked back since.
Saul was an amazing mensch, a super smart marketer and could ad lib a commercial like no one else.
What have we learned from the pandemic and how can we plan for the future?
Would you like to save taxes AND create a lot of philanthropy?
2021 Resolutions - Must Do's
"Is Strategic Charitable Giving Part Of Your Estate Plan?â€
Happy Anniversary, to me!
I’ve entered my 30th year of professional practice.
Where has all that the time gone, and where is all my dark hair?
Working with busy and successful business owners, entrepreneurs, incorporated professionals and affluent families I have learned that everyone knows what Life Insurance “is”, but most people don’t know what it “does.”
My latest article published in Investor’s Digest explains the 4 key reasons to consider Permanent Tax-Exempt Life Insurance and why it deserves to be part of your investment and estate planning portfolio.
Contact us for a no-obligation socially-distanced consultation via ZOOM or we can be nostalgic on a phone call.
Get the information you need now during these challenging times.
CPP Philanthropy™
Estimated reading time: 25 seconds
Hope you are well.
Do you know anyone collecting CPP (Canada Pension Plan) benefits who doesn't really need the money?
They could use those taxable CPP benefits to create a gift of over $1 million to their favourite charities while preserving family wealth.
We call it CPP Philanthropy™
Aneil Gokhale, Director of Philanthropy at Toronto Foundation, asked me to appear in this video for their Professional Advisors & Philanthropy Series.
If not now, when?
Estimated reading time: 25 seconds
Hope you are well.
We know the CRA and governments everywhere are under pressure to collect more income taxes – a situation unlikely to change anytime soon.
With tax laws changing here, especially for business owners and professionals, people need reliable advice from the tax and estate planning community – now more than ever.
Professional and trusted advisors can never be replaced by robo-advisors the way online disruptors like Amazon and Expedia ruined so many booksellers and travel agents.
CPP Philanthropy™
Estimated reading time: 30 seconds
Hope you are well.
Charitable Planned Giving is the most gratifying part of our work.
Today the Globe and Mail published my Op-Ed article “Strategies for charitable giving and tax saving”, part of a special supplement on “Estate Planning and Wills.” It explains how to use those government-supplied CPP funds to make large charitable gifts, mitigate taxes and leave more for family and loved ones.
Everyone agrees that giving is good, but few people realize that their generosity can be very rewarding from a tax perspective for the benefit of their families to preserve family wealth.
You probably know people who now collect CPP benefits and don’t really need those funds to live on.
Premiums jump in 3 weeks
Estimated reading time: 35 seconds.
Hope you are well and enjoying the final days of summer.
I am writing to let you know that Manulife announced a major premium increase (of up to 50% on certain policies) for permanent level cost (universal) life insurance effective Sept 23rd, just weeks from now. Other carriers will surely follow.
Considering the draconian tax law changes now under review by the government, permanent life insurance will become even more important as the most cost-effective way to pay higher taxes.
This matter deserves your immediate attention, especially if you have a rated policy due to existing health issues or have become uninsurable since taking out your existing term policy.
Your term insurance started off at a reasonable cost, but premiums will continue to rise sharply at each renewal and the policy will become cost-prohibitive and eventually expire.
The Tax Grind
Estimated reading time: 55 seconds
The Brexit vote just weeks ago rattled global markets.
Equity markets were shaken, nervous investors headed for the exits, respected currencies got clobbered, and former Prime Minister David Cameron of unwanted Panama Papers fame gave up his digs on Downing Street.
New Government, More Taxes
Estimated reading time: 50 seconds
Canada’s new Prime Minister was elected on the promise that high-income Canadians will soon pay more taxes.
We launched our new website WEALTHinsurance.com last week, to help high net worth taxpayers preserve their wealth, and keep more of what they have worked for.
Property & Casualty Insurance
Estimated reading time: 35 seconds
Given the choice, many people would not buy car and home insurance if they weren’t required to do so.
They buy car insurance to drive in compliance with the law, and mortgage lenders require proof of property insurance.