Need Insurance or Savings Help? Call us at 403.228.7966

Life Insurance

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…

Merger of Excellence Life Insurance Company and Industrial Alliance Insurance and Financial Services Inc

Merger of Excellence Life Insurance Company and Industrial Alliance Insurance and Financial Services Inc   QUEBEC CITY, Sept. 25, 2019 /CNW Telbec/ – iA Financial Group today announces the merger of two companies of its group: Excellence Life Insurance Company (hereinafter “Excellence”) and Industrial Alliance Insurance and Financial Services Inc. (hereinafter “iA Insurance”). Subject to regulatory approval, the…

Equitable Life makes key changes to Senior Management

Sept 14, 2021 Equitable Life Insurance Company of Canada made changes to its executive team on Tuesday. Donna Carbell has been hired as senior vice-president of individual insurance with Equitable Life, while Tara Proper has been promoted to senior vice-president of investments. They replace Karen Mason and Paul English, respectively, who are retiring at the…

Life Insurance Guide

Life Insurance is an economical way to financially protect your family from not having enough time to complete your plans.  It is part of an overall strategy of Financial Planning (video).   Life insurance can replace the income you would have earned to your family in case of an early death. The buying of life insurance…