Sun Life Canada

What would you do with a tax-free lump sum of money when you need it most? 💛

Our Critical Illness Insurance covers 26 life-altering illnesses. And right now? You get a premium discount:

✅ Adult coverage: 25% of first year's premiums
✅ Child coverage: 50% of first year's premiums

Use the tax-free lump sum for:
Mortgage payments while you recover? ✓
Childcare help? ✓
Innovative treatments? ✓
Whatever YOU need ✓

Offer ends July 31, 2026 ⏰

Terms and conditions apply. Tap to explore how much you could save: https://ow.ly/oY0L50ZbXcf.

What happens to your RRSP when you pass away? It's something most people don’t generally think about until they're helping a parent settle an estate or updating their own plans.

The short version: Your account's value at death is typically included as income on the final tax return, which can mean a significant tax bill depending on the situation. The estate usually handles the tax, not the beneficiary receiving the funds. But you may be able to defer immediate taxation under certain situations.

How the RRSP is handled depends on who receives it.

If you designate a spouse or common-law partner as beneficiary, they can transfer the funds to their RRSP without immediate taxation.

If you designate someone else, the funds are typically paid directly to them. In some cases, like with financially dependent children or grandchildren, tax deferral options may be available.
When you designate a beneficiary on your RRSP, funds go directly to the beneficiary, avoiding probate fees and legal delays.

Whatever your situation looks like, you're not doing it on your own. We’re here to help you navigate it. Read the article for detailed information: https://ow.ly/rHqv50Z9qWy

*Note for Québec residents: You can designate beneficiaries through your Will. You can also designate them on the contract, if your RRSP is a type of insurance contract (like a segregated fund contract, insurance GICs, or accumulation annuities) Planning ahead can make things easier for the people you care about. Leaving clear instructions means less guesswork for your loved ones during an already difficult time.

Some things matter more than anything else.

Making sure the people you love are protected is one of them.

Life insurance can bring some peace of mind and help ensure they'll be supported no matter what life brings. You don’t have to figure out coverage on your own.

Talk to a Sun Life advisor to get personalized life insurance advice that fits your family’s needs: https://ow.ly/2hIh50Z8Qhx

One small win today can mean everything tomorrow ✓

Going through a divorce? There's a lot on your plate right now. Here's something you can control in five minutes: updating your life insurance beneficiary. It won't fix everything. But it can help ensure your policy reflects the life you’re building now.

👉 Here's why it matters: https://ow.ly/uAqb50Z6puL

🌏 This May, we celebrate Asian Heritage Month with the theme: "Honouring Asian Canadians: Stories that Built Canada."

Across industries, communities, and generations, Asian Canadians have shaped our nation's story often while overcoming significant barriers. Their achievements are foundational to who we are as Canadians.

At Sun Life, we’re proud to recognize the incredible contributions of our employees of Asian heritage who have enriched our organization and communities with their culture, innovation, and passion. We're committed to building a workplace where every story matters and everyone belongs.

How are you celebrating Asian Heritage Month? Let us know in the comments!

If you’ve ever said:
“I’ll just park it in cash for now.”
“I’ll close this TFSA and open a new one.”
“I’m not even sure I should have a TFSA.”
Or gone over your contribution limit without realizing it.

You’re not alone.

Read our article to get back on course and avoid these common TFSA mistakes: https://ow.ly/4LzQ50Z1Iuo