Here is an updated summary of the combined federal and Ontario personal income tax brackets for 2026, based on the latest changes announced for 2025 and the planned reduction in the lowest federal rate to 14% for 2026: Ontario Combined Federal Tax Brackets for 2026 Taxable Income Combined Marginal Rate (approx.) Notes Up to ~$53,000 […]
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Infinite Banking: A Wealth Growth Strategy for the Financially Savvy Infinite banking is a concept that leverages whole life insurance policies to grow multi-generational wealth. However, it requires careful consideration of several critical factors to ensure its success. Key Requirements for Infinite Banking: By meeting these requirements and adopting a thoughtful approach, infinite banking can
You’ve provided a comprehensive overview of whole life insurance and its role in Infinite Banking. Let me summarize the key points: Whole Life Insurance Participating Whole Life Insurance Why Whole Life Insurance for Infinite Banking? Other Types of Life Insurance for Infinite Banking Choosing the Right Insurance Company You’ve provided a solid foundation for understanding
What is whole life insurance / participating whole life insurance? Read More »
Wanted to know how a real financial plan work? My name is Brian Poncelet and I am a financial planner and I have helped hundreds of families for over 25 years. The questions I always get is will my money last? What happens if the market crashes in retirement? How can I pay less taxes?
Written by Brian Poncelet Beneficiaries: Who is the life insurance for? The beneficiary is whoever is named (designated) under the policy to receive the insurance money on your death. Do you want to name a beneficiary (e.g., spouse), or leave the money to your estate or to a trust? If the money is left to your
How to make your Life Insurance work for you Read More »
Written by Brian Poncelet Borrowing from RRSP. On the off chance that you require cash, obtaining from your RRSP isn’t the appropriate response. In the event that somebody proposes for you do that, it is essential that you put forth some critical inquiries. To start with, how does this cash get paid back and under what
3 Money Mistakes You Don’t Want to Make Read More »
Post credits to Cary List from https://www.investmentexecutive.com/ Canadians are confused — and rightfully so. Anybody licensed to sell any financial product or offer any form of advice that’s related to finances is a “financial advisor.” A vast range of individuals, many of who possess wildly different knowledge, skills and abilities — and in many cases
“Financial advisor” and “financial planner” are not the same Read More »
Post credits to Kate Davidson and Jon Hilsenrath from https://www.wsj.com/ A stark pickup in government spending, particularly in defense, has helped fuel a broad acceleration in U.S. economic growth in the past year and a half, according to a Wall Street Journal analysis of Commerce Department data. The U.S. economy has expanded at a 2.9%
A Big Reason U.S. Economy Is Accelerating: Government Spending Read More »
Post credits to Kelley Holland from https://www.cnbc.com/ For years, financial advisors have relied on a simple rule of thumb to guide people planning for retirement: withdraw 4 percent a year, and you have excellent odds of having enough money for 30 golden years. But with the era of low interest rates nearing its nine-year anniversary, that
The 4 percent rule no longer applies for most retirees Read More »
