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Heed The Warnings Of Tax Increases Ahead
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Published on November 18, 2020 by Don Anderson
We're all seeing many warning signs in Canada about the potential and likely increasing tax (income and consumption taxes), both federally and provincially. These changes will be designed to take more and more income and savings out of our pockets to fund the ever-increasing government budgets at all levels.

At this time, discussions within our life insurance industry have not mentioned any changes that would lessen the value that can be found by shifting savings over to the asset class called life insurance, both personally and corporately.

The dual combination of getting solid, steady returns for the next ten to twenty years, while protecting the family or business for a lifetime, could play an important role in helping professionals and business owners take that next step into retirement or to hold on to their long-term investments like real estate and business ownership, despite the stormy waters ahead.

Further information about the various tax changes be considered can be found online in places such as MoneySense.

Don Anderson
Legato...for Life


Legato Wealth Management Inc.
Vancouver, British Columbia

Copyright 2025 - Legato Wealth Management Inc. 

  • Home
  • About
    • Mission & Principles
    • Our People
    • Strategic Relationships
    • Community
    • Learning & Connecting
    • Contact
    • Meeting Legato >
      • Pre-Application Review
      • Application Process
      • Meeting Checklists
      • Parking
    • Premium Deposits
  • Advice
    • Our Process
    • Protect & Prepare
    • Investing in Life Insurance
    • Pro Plan
    • Philanthropy >
      • My PAR Gift
      • What Is My PAR Gift
      • My PAR Gift - FAQ
    • Policy Search
    • Will Search
  • Articles
    • Be The One
    • Part 1: The Estate Freeze
    • Part 2: Investing For The Estate Freeze
    • Unlocking Intergenerational Succession
    • Freeze, Fund, & Feature
    • Tax Apportionment in Estate Planning
    • Beneficiary Designations and Resulting Trusts Revisited
    • Part 1: Legacy Gifting Private Company Shares
    • Part 2: Legacy Gifting Private Company Shares
    • Reduce Estate Shrinkage
    • Take Time For Your Legacy
    • Take Five
    • Look Across
    • Lest We Forget
    • Retirement Income