M.E.F. Services Ltd.

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The most valuable resource that a business has is its' people. The financial loss to a business at the death or disability of a key employee/owner can be harmful if not devastating to its continued success. Money is needed to provide a replacement for this individual or for the financial loss, which will be suffered by the business. The use of Life and Disability Plans provide the solution.

Capital gains tax in Canada not only applies to shareholders while living, but also at their death. Growth of business assets above the adjusted cost base become taxable at the capital gains rate. Over time these gains can become a significant hidden tax bill. Life Insurance plans can be designed to provide a solution.

Many privately held corporations in Canada accumulate income, which becomes trapped in the corporation. If this surplus is invested and gains are obtained they become taxable at a very high rate.

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