Why Pre-plan Your Final Wishes?
What does a pre-planning offer me and my loved ones?
o Your wishes, your way whether it be a traditional funeral or cremation
o Guaranteed Benefit
o Tax Benefits
o Funds guaranteed to be safe and secure
o Wise financial and estate planning
o Peace and comfort
Pre-Planning your funeral ensures that you get the commemorative service you want and is a sound financial investment.
Your wishes, Your way
Pre-planning provides an opportunity for you to have a measure of control over how you want to be
remembered. It gives you the ability to choose the style and content of your service and the way which
you want to be memorialized. Whether your plans are elaborate or simple, pre-planning ensures your
wishes are followed.
A pre-paid contract with a licensed establishment earns interest which is designed to offset the cost of
inflation. If the interest earned exceeds the rate of inflation, the excess funds are returned to the estate.
Investing in these convenient financial products helps to reduce the emotional overspending and overall
stress on loved ones in a time of special need.
Interest earned on the principal amount (contracted funeral value) is tax exempt for the life of the
contract until it is redeemed at the time of the provision of the service. This tax exemption is applied to
contracted funeral establishment services up to $15,000, cemetery services up to $20,000 for a combined total
of $35,000 for both funeral and cemetery services.
Security of Funds
All pre-paid funeral contracts in Ontario are governed by provincial regulation and monitored by the Board
of Funeral Services. When you invest in a pre-paid contract,, the funds are registered in your name and only
redeemed with interest earned at the time of the provision of services. Depending on the type of
investment used to fund your contract, additional protection of funds is provided by Canadian Deposit
Insurance Corporation (CDIC www.cdic.ca), Deposit Insurance Corporation of Ontario (DICO www.dico.com),
or Assuris (www.assuris.ca).
Financial and Estate Planning
Just as people plan for their children’s education or retirement, pre-planning a funeral is smart
financial planning. It not only saves loved ones the emotional stress of making business decisions at a time
of special need, but it also relieves them of the financial stress of paying for a funeral.
Peace and Comfort
Pre-planning provides the comfort of making decisions that are right for you and your family and ensuring that the costs fit your budget. Contacting a licensed professional will allow you to discuss all the details in an atmosphere of calm and in an environment that is conducive for making a wise decision.