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How To Be Your Own Bank in Canada: Infinite Banking Strategy

Have you ever wondered how to be your own bank in Canada? If you’re on a journey towards financial independence, you might have come across the concept of infinite banking. In Canada, this can be achieved by implementing a dividend-earning, permanent life insurance policy designed for wealth accumulation, which allows you to borrow against its cash values […]

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How to Get Short-Term Disability Approved While Pregnant

If you’re pregnant and living in Canada, navigating the complexities of short-term disability benefits can be pretty challenging. However, there’s no need to worry, as we have compiled a comprehensive guide that will help you understand the process and provide the necessary tools and knowledge to secure these vital benefits. The focus is to demystify

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Buy Sell Agreement Life Insurance: Guide for Partners

A buy sell agreement life insurance policy provides business owners financial protection and business continuity benefits. It ensures that the business remains operational after a partner’s death and offers financial security for the remaining partners and the deceased’s family. Key Takeaways Life insurance policies fund buy/sell agreements, which determine how a business’s remaining partner(s) will

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What Is Taxable Capital Employed in Canada

Accurately calculating Taxable Capital Employed can help you optimize tax planning and ensure compliance. If you own a big Canadian controlled private corporation and want to know more about how taxable Capital employed affects your tax liabilities and eligibility for tax benefits, this article is for you. It provides all the essential information to understand

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What If My Employer Does Not Deduct Taxes – Canada

Have you ever felt like you’re walking a tightrope regarding your taxes in Canada? It can be precarious when your employer doesn’t deduct taxes from your paycheck. Don’t worry. This article will help you understand the consequences and steps you should take if this happens. We’ll explore employers’ legal obligations, reasons why this might be

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Are OSAP Grants Taxable in Canada? Ontario Students’ Guide

Are OSAP grants taxable in Canada? In this article, we’ll provide you with all the information you need to understand whether OSAP grants are taxable in Canada. We’ll cover eligibility and income considerations, the taxation of grants and loans, reporting, forms, and more. So get ready to learn everything you need to know about OSAP

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Canadian Creditor Protection Life Insurance Explained

As a business owner or self-employed individual, you may be worried about protecting your assets from creditor claims. Perhaps you are concerned about the risks of personally guaranteeing a loan and jeopardizing your assets. If so, this guide on creditor protection life insurance is for you. It will help you understand how life insurance can provide the

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Borrow Against Life Insurance: Rapid Access in Canada

Are you wondering how soon you can borrow against life insurance in Canada? It’s important to know the timeline and requirements before making a life insurance loan. In this article, we’ll explore how soon you can borrow against your policy and the factors that determine your eligibility. Understanding these details will help you make informed

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Tax Implications of Critical Illness Insurance

Is critical illness insurance taxable in Canada? This is one of the many questions that we get from clients who are considering implementing critical illness insurance. Like most of our clients, you’re probably asking this exact question before finalizing your decision as to whether or not critical illness insurance is worth it to implement. In

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