No Fees, No Income Tax – Ever!
No Fees, No Income Tax – Ever!
No Fees - Ever!
You will never see a bill or pay investment management expenses when you consult us or have us implement your structure. McKellar is a “commissioned broker” - that means we receive payment only from the life insurer, and only when the structure is purchased. As a result, the income you see in your final printout is the income you will get - it’s guaranteed.
No Income Tax - Ever!
You never pay tax on structure payments. Canada Revenue Agency considers each individual structure payment to be a personal injury payment, and does not view it as income. Structure payments received by your estate or your designated beneficiaries are also received tax free.
Remember!
Even though a lump-sum settlement is tax free when you receive it, any interest or income you earn once it is invested will be taxable. Every year, the return you earned is reduced by the income tax you must pay.
