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- We Are Pleased to Announce a New Addition to Our Team
- Estate Planning Tips for Real Estate Investors
- A Creative Way of Funding Long Term Care
- Why Diversify?
- We Are Pleased to Announce a New Addition to Our Team
- ZLC Foundation raises $60,000 for BC Women’s Hospital & Health Centre Foundation in support of the Newborn ICU
- Plan Well for Your Family Business
- Cancer Guard
- The Cascading Life Insurance Strategy
- Is Your Insurance Planning Affected by the Recent Budget?
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- March 2012
- February 2012
- January 2012
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- November 2010
- September 2010
- May 2010
- February 2010
- September 2009
- July 2009
- June 2009
December 5th, 2013
For many Canadians the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence however, investment in recreational and real estate investment property also form a substantial part of estates. Due to the nature of real estate, it is important to do estate planning to realize optimum gain and minimize tax implications. Read More
November 27th, 2013
Will your family be affected by the costs of caring for an aging loved one?
Statistics Canada states over 350,000 Canadians 65 or older and 30% of those older than 85 will reside in long term care facilities. With increasing poor health and decreased return on investments, the fear of facing financial instability in your declining years is real.
How will this impact your family?
Caring for an aging parent or spouse takes its toll emotionally and financially. Adult children with families and job pressures of their own are often torn between their obligations to their parents, children and careers. This often results in three generations feeling the impact of this care.
Is it important to you to have control over your level of care? Read More
October 23rd, 2013
When markets plummet or soar, even seasoned investors question the logic of diversifying our investment portfolios. During these times, emotions regularly compel us to reposition our investments so that we concentrate on either what’s safe, or what’s exceeding expectations. Sadly, this is not a winning a strategy if we want a favourable outcome over the long term.
Being disciplined is not always easy. Diversification is not a guarantee of the best possible performance, or the avoidance of any loss. Instead, it’s about long-term success: reaching your financial goals within the level of risk and time horizon specific to you.
So what does diversification involve? For most of us, we first think about a mix of stocks, bonds and cash. Read More
September 26th, 2013
ZLC Foundation raises $60,000 for BC Women’s Hospital & Health Centre Foundation in support of the Newborn ICU
Laurie Clarke and Geoff Lyster from BC Women’s Hospital & Health Centre Foundation accept the cheque from Garry Zlotnik and Mark Zlotnik of ZLC Financial Group.
(L to R: Mark Zlotnik,COO, ZLC Financial Group; Geoff Lyster, Chair, BC Women’s Hospital & Health Centre Foundation; Laurie Clarke, CEO, BC Women’s Hospital & Health Centre Foundation; Garry Zlotnik, President, ZLC Financial Group) Read More
September 25th, 2013
If you are an owner in a family enterprise, you may not be aware that the chances of your business transitioning successfully to the next generation are not very good. This has not changed over the years. Statistics show a failure rate of 67% of businesses succeeding into the second generation and 90% by the time they reach the third. With 80% to 90% of all enterprises in North America being family owned, it is important to address the reasons why transition is difficult.
Family enterprises are often put at risk by the dynamics of the business family. In fact, it has been estimated that 65% of families have not had any meaningful discussion about the succession of their business. It is no wonder the statistics on inter-generational business succession are so dismal. Read More
August 28th, 2013
Have you had a difficult time qualifying for Critical Illness insurance, or feel you can’t work the premium into your budget? If so, there is an alternative you should consider. IA Excellence recently introduced an important product available to Canadians from birth to age 65. Cancer Guard pays a tax free benefit of up to $100,000 if you are diagnosed with a life threatening cancer. There is no medical required and the policy is issued if you can answer “no” to only 4 questions.
Although the policy only covers Cancer, it should be remembered that this disease accounts for nearly 30% of all deaths in Canada and is now the leading cause of mortality*. When you consider that in 2013 it is estimated that, in Canada, there will be almost 200,000 new cancer diagnoses the availability of this coverage is significant. Read More
July 23rd, 2013
A LIFETIME GIFT FOR YOUR GRANDCHILDREN
If you are a grandparent wishing to provide an asset for your grandchildren without compromising your own financial security you may want to consider an estate planning application known as “Cascading Life Insurance” that will generate:
- Tax deferred or tax free accumulation of wealth;
- Generational transfer of wealth with no income tax consequences;
- Avoidance of probate fees;
- Protection against claims of creditors;
- Providing a significant legacy. Read More
June 22nd, 2013
On March 21st, Finance Minister Jim Flaherty tabled his 2013 Federal Budget. Some of the provisions of that document has or will have an impact on some life insurance products and/or strategies. However, let’s start on a positive note.
The Lifetime Capital Gains Exemption has been increased from $750,000 to $800,000 starting in 2014. For the years after 2014, the LCGE will be indexed to inflation. The Lifetime Capital Gains Exemption applies to capital gains realized by individual taxpayers on disposition of certain qualified property – shares in a Qualifying Small Business Corporation or eligible farm and fishing property. For those individuals who have already claimed the old limit of $750,000 they will be entitled to the difference from the increased amount.
Two sophisticated life insurance strategies were dealt a fatal blow by the March Budget. These were the leveraging strategies known as the 10-8 programs and the leveraged insured annuity. The government’s primary concern was the linkage of the loan to the policy and the ability to manipulate both the interest expense deduction as well as the tax deferred growth in the life insurance policy. Since the vast majority of Canadian insurance holders have never utilized these strategies only a small percentage of tax payers were affected. Read More
May 24th, 2013