2026 - Page 2 of 4 - Femi Financial

07 Apr 26

Life Insurance For Couples

What’s the best life insurance for couples? Two separate term life insurance plans are the ideal choice for the majority of couples since they provide complete protection for both partners at a fair price. For instance, if Partner B purchases $300,000 CAD coverage for around $30 per month and Partner…

06 Apr 26

Putting a Life Insurance Policy in a Trust: (A complete guide for Canadians)

If you have life insurance in Canada, you’ve likely heard financial advisors talk about putting a life insurance policy in a trust. For some families, it’s the best estate planning move they can make. To others, it could be an unnecessary expense. What Is a Trust in Life Insurance? A trust is…

05 Apr 26

Life Insurance for Children

What Parents in Canada Should Know Before Buying a Policy Most parents insure their home, car, and health. But when life insurance for children is mentioned, they ask: “Do kids really need life insurance?” It’s a reasonable question, because children normally do not earn income. What Is Life Insurance for Children? Life insurance for…

04 Apr 26

What Is Voluntary Life Insurance? (A Complete Guide)

If you’ve ever looked over your work benefit package, you might have seen something called ‘voluntary life insurance.’ (VLI) It’s generally listed as an option along with health insurance, 401(k) plans and basic life insurance through your employer. This guide includes everything you need to know: What Is Voluntary Life Insurance?…

03 Apr 26

The Betrayal and What Good Friday Teaches Us as Immigrants

It didn’t start at the cross. Before the nails, before the crowd, before Golgotha, it started with a table. Jesus sat with His disciples, eating, laughing, sharing what would be His final moments with the people closest to Him. These weren’t strangers.These were His people. The ones who had walked…

03 Apr 26

Is Life Insurance Subject to Capital Gains Tax?

If you live in Canada and you have investments, real estate, or a business, knowing about life insurance capital gains tax isn’t just something nice to know, it’s an essential part of financial planning. Many believe that life insurance is always 100% tax-free. Some are concerned that a big tax…

02 Apr 26

What Is Insurable Interest in Life Insurance?

Insurable interest in life insurance is a financial interest that the policyholder has in the life of the insured, which means that the policyholder may suffer a financial loss if the insured died. In simple terms, the insured person’s life must have an economic value for the policyholder or a non-insured…

01 Apr 26

Best Age To Take CPP

Retirement is more than just leaving employment; it’s also about determining when to begin receiving pay. What is the ideal age to take CPP? You can begin as early as 60, wait until 65, or even wait until 70, and each decision affects the amount of money you receive for…

what happens to your bank account when you die

31 Mar 26

When You Die What Happens To Your Bank Account?

What happens to your bank account when you die? When you die, your bank account does not immediately pass to your family or loved ones. The bank normally freezes the account as soon as it receives notification of your death. This is done to protect the money and avoid fraud.…

30 Mar 26

Overcontribute To RRSP

Overcontribution to an RRSP in Canada occurs when you contribute more money to your Registered Retirement Savings Plan than the CRA allows. While the government provides a tiny buffer of $2,000 above your limit without penalty, everything above that results in a 1% penalty tax per month on the excess…

Year: 2026