In this Insurance Planning post, we will go over the first of the ‘Living Benefits’ topics, which is Critical Illness protection (the second being Disability Insurance, which will be in another post). People often think that Insurance Planning is only about Life Insurance – in other words, planning for death
RESPs (Registered Education Savings Plans) are a tool used by many Canadians as a vehicle to save money for their children’s post-secondary education. The government gives great incentives in the form of grants and tax deferrals, which makes it a very attractive option for education savings. However, just as most other financial tools, there is more than 1 option, and you better make sure you do your homework on which one you’re choosing, before you sign on the dotted line!
High Net Worth individuals represent a strong and growing demographic in Canada. However, there’s no question that the Mid Income Market is by far the largest and fastest growing sector in the Canadian Market. In fact, Canada has among the richest Middle Class in the world, and it’s only going to get stronger.
We often hear the term “Independent Financial Advisor” in the industry, both as clients or people within the industry. It seems like every advisor out there is touting themselves as someone who’s truly independent, and looking out for their client’s best interest, but clients really need to ask – is their advisor truly independent?