Financial Education Resources

Creating A Private Family Banking Strategy

What is the main cause of concern among wealthy families around the world? Our research shows that families who are remarkably wealthy are keen and deeply concerned about their families’ welfare in the future. They don’t focus only on managing investments of the financial assets they…

Paid-Up Additions (PUAs): How It Works and How to Maximize Your Life Insurance

In this article, we’ll explore what paid-up additions are and how they enhance the power of participating dividend-paying whole life insurance coverage, an often misunderstood and underutilized tool for financial freedom and wealth building.

What Is Cash Surrender Value?

Cash surrender value is the exact amount of money you will get if you decide to cancel a permanent life insurance policy before it matures or before you pass away. Cash surrender value is an asset you own. On a permanent life insurance contract there are a number of ways…

Velocity Banking

Getting out of debt can be a trying experience. Canadians have been accumulating debt at lightning speeds, and it makes sense that we would look for ways to get out of debt just as fast. Head over to the internet and search for the Hail Mary solutions late at night. Something to help…

Risk management

One of the fundamental pillars of risk management is investment diversification. Prudent Advisors recommend their Clients strategically spread investments across a range of assets, such as stocks, bonds, and real estate, reducing exposure to the volatility of any single investment. This diversification approach aims to optimize returns while minimizing the impact of market fluctuations, aligning…

Insurable interest

What is Insurable interest? The term “insurable interest” is used to describe the legal and financial interests of a person or company in an insurance policy. It means, in simple terms, that the person or entity buying the insurance has a stake in protecting the insured property or person. The stake is to ensure that…

Inheritance tax with Ascendant Financial

What is Inheritance tax? The term Inheritance Tax (IHT), stands for an amount that’s payable by a person who has received assets upon another individual’s death. The asset range includes cash, real estate properties, business shares among others. This emphasizes how important it is to understand optimal inheritance tax literature takes into account these factors…

What is Corporate tax?

Corporate tax, or the corporate income tax, is a tax that is levied on profits or incomes generated by businesses or corporations. Corporate taxes can be levied on income produced from the business activities and income produced on property such as investments. The government imposes a direct income tax on companies’ earnings, usually based on…

How Can Termination of Employment Affect Your Group RRSP?

From losing employer matching to understanding transfer and withdrawal options, this article helps Canadians navigate their RRSPs post-employment—and why now might be the perfect time to take back control of your retirement strategy.

Category: Financial Education