Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina Home insurance tip, they talk about going on vacation and your auto insurance.
Vacations can take you away, i.e. the cruise of a lifetime, other times you are using travelling somewhere with your vehicle. Here are a few tips to remember as you prepare for either vacation.
- If you are not taking your car, and leaving it at home, be sure to take anything personal out of the vehicle including your auto insurance policy and put it safely in your home. If your vehicle is kept in your garage, keep the keys separately from it and out of sight. When you return, you can return your personal items to your vehicle.
Road Trips and Your Auto Insurance
- Know Your Car Insurance Policy – Read through your existing coverage to ensure that it provides everything you need to remain safely protected no matter where you’re travelling. Make sure you know if you are covered in Canada and the US and what would happen if you were in an accident.
- Make sure that your car is ready for the long journey ahead. Visit your car mechanic and make sure the important service checks are up to date (e.g. tires, oil pressure, brakes, fluid levels). If you’re attaching a hitch or trailer to your car, check that it, and all the items inside, are secure. Additionally, it’s not a bad idea to load the maps for your destination on your GPS or mapping apps in advance. The more you know, the more you’ll feel confident on the road.
By taking the right steps before you go, you’ll be ready to enjoy your vacation. If you aren’t sure about your vacation and your auto insurance, connect with the Campbell & Haliburton Insurance Brokers they will get everything straightened up for you.
Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. They know insurance inside and out, so please get in touch with them for all of your insurance needs and they will be more than happy to help ensure what you value most is protected. 
**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.
Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina Home insurance tip, they talk about going on vacation and your home insurance.
Whether it is a 3-day vacation in the middle of winter or the cruise of a lifetime, there are a few things you need to make sure you do before you leave on your vacation.
- Make sure you have a trusted friend check in on your home every 48 to 72 hours. This check-in consists of them walking into your home, and checking each room. Make sure that all windows and doors are still shut and locked, and that there are no puddles of water anywhere.
- Have them turn on a different set of lights each time they check your home, this helps make your home look occupied. Another choice is Digital Timers from Home Depot which turn your lamps on and off at programmed times.
- Make sure that your mail is brought into your home this also helps make your home look occupied.
- If it snows while you are gone, make sure that someone shovels the snow or drives up and down your driveway a few times and walks up to the front door.
- As your friends are checking your home, have them keep a log of anything that may not look normal. If you ever have to make an insurance claim, this can be helpful.
Extended Leaves
If your vacation is going to be longer than a week you may want to think about the following items:
- Have someone move into your home while you are going to be gone.
- If that is not an option, then you should turn off your water and drain all your water pipes. There is nothing worse than coming home to freezing cold and busted water pipes.
- Still have a trusted friend come and check your home every 48 hours.
- Talk to your local insurance agents at Campbell & Haliburton about you being gone for an extended time. There may be different insurance coverages available for these situations.
Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. They know insurance inside and out, so please get in touch with them for all of your insurance needs and they will be more than happy to help ensure what you value most is protected. **This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.
Chris Worby and Jeremiah Worby are Trusted Regina based financial advisors and Wealth Management services providers. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, they discuss corporate estate planning.
The Wealth Building Toolkit: Corporate Estate Planning
So you’ve used your corporation to build
wealth and to provide a nice, stable income. At the end of it all, we all go
the way we do and it’s time to consider the two inevitabilities in life: death
and taxes.
Upon the death of a shareholder, there is what
we call a ‘deemed disposition’ of shares. This means that on the date of death,
shareholders are considered to have sold their shares at whatever gain or loss
they would incur at that time. Those shares are passed down to a new
shareholder in accordance with a will or some corporate documents dictating who
becomes the new shareholder. But regardless of what happens after, that
shareholder has sold their shares on that date.
This can represent some problems. Let’s say
no planning was done and the accounting was sloppy. If the shares were worth,
say, $1,000,000 at the time of passing but had little to no cost base, that would
be a $1M capital gain adding $500,000 to the income line of a taxpayer’s final
tax return and a $208,000 best-case scenario tax bill.*
If the inheriting shareholder didn’t have
the means to pay the tax bill and there were no other estate assets, they may
have to take a dividend to pay the bill meaning they’d have to declare a
$310,000 dividend to pay the tax for the dividend as well as to pay the tax for
the estate - again, there are better ways to do this but it’s the least tax
efficient way to manage the tax bill.
One of the ways to manage the tax bill is
to own life insurance in the corporation yet again. There is a notional account
called a ‘Capital Dividend Account’ that certain corporate activities create -
one of which is a life insurance payout less the ACB of the policy. This
‘CDA’ allows for dividends to flow through to shareholders without attracting
taxation.
In our example above, if there was an
insurance policy in the corporation which is triggered on death which is also
when our deemed disposition occurs, there would be money made available to be
removed from the corporation with no taxation. This could be used to pay the tax bill and
provide tax-free money to remaining shareholders.
These past 3 blogs
have shown the corporation as a wonderful tool for both reducing taxes while
accumulating wealth, streamlining income for retirement purposes and then how
to reduce tax burdens on death. It’s good when we can have all the tools in
working condition!
*all personal tax calculations are
estimates based on taxtips.ca tax calculator.
If you have
questions about wealth building, contact Worby Wealth Management to get your
questions answered and start investing in an RRSP, TFSA or other investment
accounts today.
Some of the services that Worby Wealth Management can help you with:
TRUSTED REGINA FINANCIAL ADVISORs Chris & Jeremiah Worby from Worby Wealth Management help you live your dream!
The
comments contained herein are a general discussion of certain issues intended
as general information only and should not be relied upon as tax or legal
advice. Please obtain independent professional advice, in the context of your
particular circumstances. This Blog was
written, designed and produced by Jeremiah Worby and Chris Worby for the
benefit of Jeremiah Worby and Chris Worby who are Financial Advisors at Worby
Wealth Management, a registered trade name with Investia Financial Services
Inc., and does not necessarily reflect the opinion of Investia Financial
Services Inc. The information contained
in this article comes from sources we believe reliable, but we cannot guarantee
its accuracy or reliability. The
opinions expressed are based on an analysis and interpretation dating from the
date of publication and are subject to change without notice. Furthermore, they do not constitute an offer
or solicitation to buy or sell any securities.
Mutual Funds, approved exempt market products and/or exchange traded
funds are offered through Investia Financial Services Inc.
Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina Home insurance tip, they discuss travel insurance.
“I’m leaving on a Jet plane, don’t know when I’ll be back, but I’m leaving on a jet plane.” Yep, it’s my favourite song as I walk through the Regina airport, my carry-on case gracefully rolling behind me. As I walk and sing in my head, I’m doing the mental checklist to make sure I’ve got everything done:
- Lights put on automatic timers ✔️
- Home insurance policy on the table, just in case something happens while I’m gone ✔️
- Car policy on the table ✔️
- Have someone coming to check on my house while I’m gone ✔️
- Travel Insurance – Nooooo! I forgot to purchase that… oh well I’ll be fine I don’t need it.
But let’s do a quick review:
What is Travel Insurance?
Travel insurance is a type of insurance that helps to cover the cost of medical care if you become sick or injured while travelling.
When do you need it?
If you plan to travel outside Canada ‒ even for a single day ‒ you should buy travel health insurance before your trip or vacation.
There are a number of risks you face when travelling, and travel insurance can help protect you from financial loss in the event of an emergency. If you need medical assistance while abroad, travel insurance can help cover the cost of your medical bills and care. And if your trip is cancelled or interrupted, travel insurance can reimburse you for non-refundable expenses.
Travel insurance is an important consideration for any trip, and it’s especially important if you’re travelling to a country with high medical costs or risks.
Outside of Canada, what is covered under Travel Insurance?
No matter where in the world you are travelling, there are 3 basic medical expenses your travel health insurance policy should always cover: medical evacuation from your travel destination if required, coverage for any pre-existing conditions you have, and repatriation (covering the cost of transporting your remains should you pass away during your trip).
Every travel medical insurance policy is unique, as one has many options when applying for coverage. Most travel medical insurance policies typically cover:
- Emergency medical treatment for illness or injury
- Prescription medications
- Emergency dental treatment services
- Essential medical equipment (crutches, wheelchairs, slings, braces, etc.)
- X-rays and other diagnostic laboratory procedures (bloodwork, ultrasounds, etc.)
- Required ground, air or sea ambulance services
- Follow-up post-medical appointments with healthcare providers
- Medical evacuation
- Ambulance travel to the nearest hospital
- Meal expenses and accommodations while waiting for medical care\
Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. We also know insurance inside and out, so please get in touch with us for all of your insurance needs and we will be more than happy to help ensure what you value most is protected.
Campbell & Haliburton's doors opened in 1957. Since then, they have seen run-away inflation, recessions, and now, a global pandemic. Through it all, their doors have remained open as they are committed to providing outstanding service to you. No matter what the next years and decades bring they have committed to continue to stay open to serve you.
Campbell and Haliburton Insurance are a Trusted Regina Insurance provider.
They offer many different insurance policies to protect the most important areas of your life including:
**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.
Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina Home insurance tip, they share the October 2022 Talk To The Experts Regina Home Insurance Show. Hear what happened when Dave's house blew up!
The Campbell & Haliburton Home Insurance Show:
On October 2022 we aired our second Campbell and Haliburton Talk To The Experts Show on CJME 980AM. the theme of our second show was centered around the experience one of our Insurance brokers’, Dave Arnold had – he explains why he appreciates the importance of Home Insurance!
Part 1
Part 2
Packages for Home Insurance are not one size fits all. We all have different needs and different budgets. At Campbell & Haliburton, we will help you determine the best home insurance for you. Confused by terms like Prestige, Broad Form, or Comprehensive Insurance? We’ll explain this to you in ways that will make sense. Plain talk you can understand – not insurance-speak. Life can be expensive. Protect you and your family with reliable, understandable home insurance from Campbell & Haliburton. We help you look after what is important to you.
Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. We also know insurance inside and out, so please get in touch with us for all of your insurance needs and we will be more than happy to help ensure what you value most is protected.
Campbell & Haliburton's doors opened in 1957. Since then, they have seen run-away inflation, recessions, and now, a global pandemic. Through it all, their doors have remained open as they are committed to providing outstanding service to you. No matter what the next years and decades bring they have committed to continue to stay open to serve you.
Campbell and Haliburton Insurance are a Trusted Regina Insurance provider.
They offer many different insurance policies to protect the most important areas of your life including:
**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.