Is your estate waiting to explode?

You may have a tax time bomb ticking and not even know it!

Are you prepared for the fact that Revenue Canada will claim a large portion of your estate?

Here's the problem:

When you die, you can transfer your assets tax free to your spouse. But, when your spouse dies and the assets are passed on to other heirs, 50% of the increase in the value of some assets will be subject to tax. So, assets like your cottage, stocks, company shares and other investments left to your heirs may be subject to capital gains tax. And this tax is paid before your heirs get anything.
It's a tax time bomb most people are unaware of and don't plan for

What are your options?

Creating an effective estate plan means ensuring your beneficiaries are looked after.There are a number of ways to help pay for this tax, but which one is best for you?

The alternatives:

• You or your family can start saving today,
• Your heirs can borrow the necessary funds from the bank,
• Your estate can sell the assets, or
• You can purchase life insurance to cover the growing liability.

The BEST Solution.

Life insurance can be the most effective estate planning tool to fund the tax liability. Manulife's premier universal life product, InnoVision, can provide you with tax-free cash exactly when it is needed to pay the future tax obligation. It guarantees that your heirs don't lose their inherited assets because of a large tax bill. What you get is peace of mind and your heirs get the property you intended them to receive.To find out more, contact your advisor.

Revenue Canada wants a portion of your estate

Example of a typical situation…

*Assumes 50% of Capital Gain is taxable at a personal rate of 50%.

And the problem grows over time
20 years later the tax bill could grow to…

THE NEXT STEP IS YOURS . TAKE THE FIRST STEP ON THE RIGHT PATH®. CALL US TODAY!