fraud costs Canadians billions of dollars every year. In order to stop some
fraudsters, such as deceased people or families, certain things must occur. The
established screening guidelines are designed to mitigate that risk and to
ensure that accurate coverage limits are granted. Traditionally, most policies
cover up to the age of 65 but in order to qualify for full coverage at age 65,
you must first have certain qualifying activities, such as work for pay, a
part-time job, voluntary work, church, retirement living, volunteer work,
schooling, child care, private business or, for the employer, paid employment
of 30 or more hours a week or 50 hours a week, whichever is less. There are
many ways in which Canadians can qualify for CPP and OAS. One of the most
important sources of income in later life is income from CPP, which generally
requires you to have contributed for 35 years. Since you’ve already contributed
to CPP, you qualify for full CPP benefits (which are reduced based on your
age). OAS can also be obtained if you qualify, however it is also reduced by
your income level. There are many other sources of income that are generally
regarded as legitimate and which can provide some extra cash in your later
years. The disability income amount (DI), for example, is generally not taxed.
The amount of the disability allowance varies depending on the severity of the
disability and is taxable. You can qualify for a spouse’s income if you are not
the spouse at the time of claiming, and the income of a domestic partner can be
used to qualify for the benefit.


forms of income are not taxable. Depending on the nature of the

between you and your spouse, for example, pension income, Old Age Security
(OAS) or widow’s benefit, or family income, may be untaxed. However, each
relationship has its own unique rules and regulations that must be adhered to,
and most estate and trust law matters are determined by the Federal Government.
Unless the principal purpose of the property in question is being used to house
you (as defined by CRA), then you can generally exclude it from capital gains
and they are generally not included as taxable income.

home may be an asset to sell but before you sell it, consider the impact it
will have on the sale price and the timing of the sale. Taxes can often be
avoided through the use of a recognized recognized downsizing expert. If you
are considering selling your home, ensure that you have the right valuation
done, it is the right time of year to sell, and it is marketed in the right

you’re contemplating selling your home in the near future, or thinking of
renting out the place for a period of time while you wait to see if your
planned housing renovation goes through, then review these five points
carefully before you make a decision:

Do not
sell your home until you can secure approval from your lender to purchase
something comparable, especially if you think you may be going through a major
renovation in the near future. If you are thinking of renting out the property,
consider if it will be within your means to rent out and if it will be in the
best interest of your landlord. If you need to spend more than the rental
income you are generating, then your landlord can help you by sharing the

Very few
people leave to their heirs the assets they would wish to leave them. If you
have children, then consider how you can best invest the funds for their
benefit or look at the alternatives of leaving an inheritance to them instead. There
are a variety of ways to invest the money you need. In most cases, a
third-party annuity is the most flexible, least restrictive and least expensive
way to provide for your heirs. In some cases, you may choose to leave a trust
to your heirs. The trust protects them from creditors, taxes, family or other
conflicts, provides the funds to be invested and the interest earned can be
used to provide for the beneficiary’s needs. Estate planning is something you
should think about now before the time comes to file your will. Once a will is
made and there is no longer a will, anyone at a distant cousin level or higher
may file a petition for Probate. If you have more than one heir, it’s best to
look at options for making a trust, which is a specific design to organize and
protect assets in the case of incapacity. Bill Howatt is the chief research and
development officer of work force productivity with Morneau Shepell in Toronto
and creator of an online Pathway to Coping course offered through the
University of New Brunswick.



today for the 2022 Employee Recommended Workplace Award at


Type of
Insurance product life (Level) of expiry days :



insurance coverage, including riders or riders applied on a retrocession


sovereign: a separate option for countries whose sovereign
status gives them flexibility in terms of policies they can issue. Currently
this insurance cover is usually done through reinsurance and covers a country’s
macro-economic risks.

market model (if there is one, this is not covered by the guideline)

is structured into two different categories: facultative and facultative and

are expected to use a third category called chosen reinsurance, which is
generally called ILS. In this example, the provider is also the provider of
chosen reinsurance, which is structured like this:


Type of
Insurance (Level) of insurance and insurance related derivatives instruments
underlying policy (Level)


 IFRS: International Financial Reporting Standards;

 USA GAAP: Generally Accepted;


Type of
Insurance :

  •  Auto Insurance –


  •  Hearth Insurance – 

  • .    Home Insurance –           

  •           Travel Insurance –  

  •        Disability Insurance
  •        Property Insurance
  •            Term life Insurance
  •      Renters’ Insurance 


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