(778) 836-3213 info@thornefinancial.ca

July/August COMMENT Newsletter

COMMENT is an informative newsletter targeted to the unique niche that CLU advisors occupy in the financial services industry, with a focus on risk management, wealth creation and preservation, estate planning, and wealth transfer.

COMMENT for July/August 2022

COMMENT is an informative newsletter targeted to the unique niche that CLU advisors occupy in the financial services industry, with a focus on risk management, wealth creation and preservation, estate planning, and wealth transfer.

Recent Technical Updates Involving the Value of Life Insurance

by Florence Marino

Let’s examine the recent Canada Revenue Agency (CRA) technical interpretations involving life insurance and valuation. Charitable Gift of a Permanent Life Insurance Policy Arising from a Term Conversion A charity may provide a receipt for a gift of a life insurance policy for its fair market value (FMV).

Retirement Income and the Order of Asset Withdrawal

By Frank Di Pietro

Canada’s population is aging quickly. According to Investor Economics, there will be more than 10 million Canadians over the age of 65 within 20 years, representing nearly one-quarter of the total population. Since the average retirement age is 63 and Canadians are living longer, the average retirement could last 25 to 30 years or more in some cases, using current mortality tables.

Did You Know…

You can add your information to this issue of COMMENT to personalize the newsletter when sending to your clients or colleagues:

  1. Log in to your Institute account to access the latest issue of COMMENT.
     

  2. Once you are successfully logged in, click the CLU COMMENT link to access the latest version of COMMENT.
     

  3. Click the download icon in the top left hand corner of the embedded issue of COMMENT.
     

  4. Save the issue to your computer as a pdf file.
     

  5. When you open the pdf file, simply add your personal information to the right hand upper corner of the first page of the newsletter.

Thorne Financial

Comments are closed.

error: Content is protected !!