Our Services

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Term Insurance (or Mortgage Insurance) (*)

Protect your mortgage and cover financial obligations in the event of death. In some cases, you can also add a rider for disability or critical illness. Unlike many mortgage insurance policies, often purchased at Banks or Mortgage Brokers, the term insurance is not restricted to the value of your mortgage. This means your beneficiaries receive tax-free payments that they can use as they see fit, such as pay off the mortgage, loans, funeral expenses or even pay for a vacation if they choose.

Universal Life (*)

The highly flexible life insurance option gives you complete coverage along with a wide range of benefits. Not only do you get permanent life insurance coverage but also a broad selection of investment options that allows for tax-efficient savings growth. Interest from the savings can be used to pay premiums over a period of time, and any amount above the premium can be kept in a savings account or be used to increase the death benefit. In addition, the product can also be structured for your premiums to be fixed for life.

Whole Life Insurance (*)

With whole life Insurance, your premiums are locked in for your entire life. This policy also builds cash and interest over time, which can be used to increase the death benefit or purchase additional coverage. You can also opt to receive insurance dividends, which are tax-free, or you can borrow against them if you need quick access to cash.

Accidental Death (*)

Accidental death insurance provides benefits in the event the insured is involved in an unforeseen, unexpected, and undesirable incident that results in their loss of life. Benefits are tax-free and paid in a lump sum to the beneficiaries.

We can’t predict when an accident will occur, but we can be prepared with financial compensation that helps loved ones cope when tragedy strikes.

Funeral Insurance (*)

Funeral insurance, also known as burial or final expense insurance, can help your family through a difficult time by covering the costs of your funeral, cremation, burial, and other related expenses. This however is best served by purchasing term or permanent insurance.

Critical Illness (*)

If you develop an illness that requires long-term treatment and recovery, critical illness insurance helps you cover basic household expenses, so you don’t have to withdraw from your RRSP or other savings. It is also a great option for self-employed business owners to keep their business operating during convalescence. With critical illness insurance, you have the freedom to solely focus on your recovery. As well it often allows access to some of the best doctors worldwide for consultation and treatment in a timely manner without the long waits to see a specialist.

Disability Insurance (*)

In the unfortunate event you become disabled and are unable to earn an income, disability insurance can help by replacing a portion of your income over the short or long term. Disability can result from a number of causes, including a personal injury, serious illness, or mental health issue. Benefits can be used to cover household or other important expenses, as you see fit.

Travel Insurance (*)

Nothing ruins a trip more than having insufficient insurance coverage when you need it the most. Our plans include medical coverage for your entire family, including emergency coverage in the event you require an out-of-province hospital stay. Whether you travel around the world or across the country, we have a travel insurance plan that is right for you. The same is true for Visitors to Canada.

Health Insurance (*)

Health insurance allows you to save on healthcare costs not covered by provincial healthcare plans or your employer. Eligible services covered under health insurance include dental, hearing aids, prescription drugs, nursing, home care, physiotherapy, massage therapy, and much more. Also, if you are self-employed and without health benefits, this product has you covered!

RRSP (*) (**)

While in a RRSP, your money is tax-sheltered while building up your nest egg for retirement. Contributions into your RRSP offer you a deduction against your income, allowing you to pay less taxes while at the same time building for your retirement.

TFSA (*) (**)

Like a RRSP, your money is tax-sheltered while in a TFSA and there is no tax consequence when withdrawn. TFSA can also help towards your retirement.

Non-Registered Account (*) (**)

Benefit from flexibility, consistent liquidity, and no contribution limits with a non-registered investment account. Capital gains from investments within these accounts are only subject to tax upon withdrawal and are taxable at only 50% of your marginal tax rate. Unlike RRSPs and TFSAs, there are no contribution limits, giving you unlimited investment freedom. As well, it can be structured to bypass probate fees on death by appointing a beneficiary.

RESP (*) (**)

Give your children’s post-secondary education the best start possible with a Registered Education Savings Plan (RESP). When you open and contribute to a RESP, you will access the Canada Education Savings Grant (CESG), which allows the federal government to also contribute 20% of your contributions to a maximum of $7,200 per child over the lifetime of the RESP.

RDSP (*) (**)

If you or someone you care about has a disability, you can open a Registered Disability Savings Plan (RDSP), which will provide them with financial security to help with their specialized needs. Funds grow tax-free until withdrawal, have flexible payment terms, and will give you or your loved one added independence and income through the later years.

Tax Planning

Carte Financial advisors understand the tax implications that successful investing can bring. We will develop a complete tax planning strategy that protects as much of your hard-earned money from the taxman as possible. Our advisors will also make appropriate adjustments in accordance with life events, such as marriage, having children, or buying a home.