Need Insurance or Savings Help? Call us at 403.228.7966

Archive for February, 2023

IA Excellence News for 2023

IA Excellence News for 2023

Industrial Alliance, Canada’s fourth-largest life and health insurance company, purchased iA Excellence in 2008. This was a Montreal-based life insurance company that had been around since 1962. After the Group management announced the merger of Industrial Alliance and IA Excellence into a single entity, IA Financial Group, the logical conclusion to this strategic acquisition was…

Ivari Insurance 2023 Update

Ivari Insurance 2023 Update

Over its long history, Ivari (formerly Transamerica) has helped millions of Canadians make informed financial and insurance decisions. It has approximately 18,000 representatives in Canada today who strive to offer innovative, customized and affordable solutions. Transamerica Life Canada changed its title to Ivari in 2015. Wilton Re, owned by its management and CPPIB – Canadian…

Are Life Insurance Premiums Tax Deductibe

Are Life Insurance Premiums Tax Deductible in Canada?

You might wonder whether premiums for life insurance are tax-deductible when you file your taxes. Sorry, there is no one-word answer. The most useful 2-word answer is “Usually – No”. Are Life Insurance Premiums Tax-deductible? Canada’s Income Tax Act, (ITA) allows for the deduction of insurance premiums. However, this complicated maze of rules is applicable…