Senior Investment Advisor, Financial Planner
Toll Free: 1800-663-0242
885 West Georgia Street
Plan to maximize what you leave to your heirs
people don't realize the hidden tax liability in their estate. Here are
some of the ways taxes and fees can erode your estate's value:
By developing an estate plan you can minimize their effect and leave more for your heirs.
- Capital gains tax on the appreciation of your assets.
- Income tax on the remaining value of your RRSP or RRIF.
- Probate fees based on the value of your estate.
The role of life insurance
insurance can be an important component of your estate plan. When a
beneficiary is named, the proceeds from the policy bypass probate fees
providing more for your beneficiaries. The death benefit can provide the
funds to cover any tax liability. Or it can be used to create a larger
estate for your heirs.
To learn more
you'd like to learn more about planning for your estate, I can
introduce you to one of our Estate & Insurance Advisors. For more
information or to arrange an appointment, please contact me directly: Don Foster (604) 631-2611.
Give to charity and provide for your heirs
you like to make a gift to charity through your estate but are
concerned about providing for your heirs? Life insurance makes it
possible to do both. You can leave your estate to your heirs and let the
charity receive the tax-free death benefit from your life insurance.
Choice of tax benefits
How you give life insurance to a charity determines the tax benefits. You can:
To learn more
tax credits today. Designate the charity as the owner and beneficiary
of the policy. You will receive a tax receipt from the charity for the
premiums you pay and the charity will receive the proceeds from the
- Provide tax credits for your estate. You remain the
owner of the policy but the charity is the beneficiary. As owner you
still control the policy and can change the beneficiary if you wish.
When you die, the charity receives the death benefit and your estate
gets a tax receipt for the entire amount.
giving can be very rewarding. To learn how you can make a gift to
charity with life insurance, I can introduce you to one of our Estate
& Insurance Advisors. For more information or to arrange an
appointment, please contact me directly: Don Foster (604) 631-2611.