Independent insurance & financial advisors · Milton · Mississauga · Markham

1-800-886-5270 647-853-3030 info@miinsurance.ca

Estate planning & wealth transfer

Protect your wealth.Preserve your legacy.

Estate planning and wealth transfer for families, business owners and professionals across the GTA, from an independent team with access to Canada’s leading insurers.

Book a private consultation Explore estate planning
  • Independent brokerage
  • RIBO & LLQP licensed
  • 15+ years of proven expertise

Estate & legacy planning

Reduce tax and probate at death and pass wealth on your terms.

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Business owner solutions

Corporate-owned insurance, succession funding and key person coverage.

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Life & health protection

Life, critical illness, disability and health coverage for your family.

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Super Visa insurance

Medical coverage that meets IRCC rules for visiting parents and grandparents.

Learn more

Our partners

Independent access to Canada’s leading insurers.

We have the privilege of working with all of Canada’s leading insurance companies, including Sun Life, Manulife, Canada Life and iA Financial Group. We compare their plans side by side, so your coverage is built around your goals rather than one company’s products.

Compare your options with our team
  • Sun Life
  • Manulife
  • Canada Life
  • iA Financial Group
  • Empire Life
  • Desjardins Insurance
  • BMO Insurance
  • Foresters Financial
  • Assumption Life
  • Canada Protection Plan
  • Blue Cross
  • UV Insurance

The cost of an unplanned estate

When you die, the tax bill arrives all at once.

Canada has no inheritance tax, but your estate still pays. Your final return treats your assets as if they were sold, and your heirs wait for probate before they receive what passes through your will.

Capital gains on what you own

Investment properties, portfolios and private company shares are deemed sold. In Ontario the gain is taxed at up to 26.76% in 2026.

Registered plans become income

Unless they roll over to a spouse or dependant, RRSPs and RRIFs are taxed as income at up to 53.53%.

Probate fees and delays

Ontario’s estate administration tax is $15 per $1,000 above $50,000, and assets in your will can stay frozen until probate is granted.

The second death

Assets usually pass to a spouse tax-deferred. The full bill comes due at the second death, and your children settle it.

An older woman holding a baby’s hand
Outside the willLife insurance and segregated funds with named beneficiaries pay out directly, with no probate fees.

Estate planning & wealth transfer

Keep your estate whole, and your family provided for.

Every plan starts with a projection of what your estate will owe and when. We then design coverage and structures around your goals, and coordinate them with your accountant and lawyer.

  • A clear projection of the tax and probate your estate will face
  • Tax-free liquidity, exactly when your estate needs it
  • Fair inheritances for every child, including when assets can’t be split

Preserve

Keep the estate whole

  • Estate preservation insurance

    Permanent life insurance sized to your projected tax at death, so your heirs never have to sell property or shares to pay it.

  • Joint last-to-die coverage

    One policy on two lives that pays at the second death, when the tax bill comes due. Often more cost-effective than two policies.

  • Probate-efficient investing

    Segregated funds and policies with named beneficiaries pass outside your will, avoiding estate administration tax.

  • Tax-sheltered growth

    Exempt permanent policies grow without annual tax, building cash value for retirement and a larger benefit for your heirs.

Transfer

Pass wealth to the next generation

  • Multigenerational policies

    Permanent coverage on a child or grandchild, paid up in 10 or 20 years, with cash value that can later transfer to them.

  • Estate equalization

    When one child inherits the business or the family property, insurance creates an equal inheritance for the others.

  • Estate freeze funding

    When your accountant and lawyer freeze your company’s value, insurance covers the tax on the frozen shares.

  • Charitable legacy

    Name a charity as beneficiary or donate a policy. The donation credit can offset tax owing at death.

Who we work with

Advice for families with more at stake.

Families

Significant estates

Real estate, investment portfolios and registered plans that will face tax at death.

Owners

Business owners

Incorporated owners planning for succession, partner buyouts and surplus corporate funds.

Professionals

Incorporated professionals

Physicians, dentists, lawyers, engineers and consultants with retained earnings in a professional corporation.

Investors

Real estate investors

Owners of rental and investment properties carrying large unrealized capital gains.

Retirement

Retirees and pre-retirees

Converting RRSPs to RRIFs and deciding what each child will receive.

Generations

Multigenerational families

Parents and grandparents planning a legacy, including families bringing loved ones to Canada.

For business owners

Turn corporate wealth into a tax-efficient legacy.

For incorporated owners and professionals, the right structure can move surplus funds out of taxable investments and protect the business you’ve built.

Corporate-owned insurance

Shift surplus funds into a tax-sheltered policy. At death, much of the benefit can reach shareholders tax-free through the capital dividend account.

Buy-sell and succession

Fund your shareholders’ agreement so partners can buy a deceased owner’s shares and the family receives fair value.

Key person coverage

Protect the business from the loss of an owner or key employee, and keep lenders and clients confident.

Immediate financing

Pair a corporate-owned permanent policy with a collateral loan, so capital stays invested in your business.

  • Move funds from low-tax to no-tax zones, and minimize the tax you pay
  • Tax-free retirement and estate funding
  • Capital gains tax funding, so the bill never forces a sale
Business professionals meeting around a table
Tax-freeCapital dividend account payouts
An advisor meeting with a client in a bright office

How we work

A clear process, from first meeting to annual review.

  1. 01

    Private consultation

    A confidential conversation about your family, your assets and what you want to leave behind, with no obligation. Meet at our offices or by phone or video; no face-to-face meeting is required.

  2. 02

    Estate analysis

    We project what your estate will owe in tax and probate, and when, so you can see the gap clearly.

  3. 03

    Strategy and illustrations

    We compare solutions across leading insurers and review them with you, your accountant and your lawyer.

  4. 04

    Implementation

    Our team manages applications, underwriting and policy delivery from start to finish.

  5. 05

    Ongoing review

    We revisit your plan as your family, your business and tax rules change.

Insurance & financial solutions

Protection for every stage of life.

Beyond estate planning, we advise on personal, business and travel coverage, with access to Canada’s leading insurers.

Life insurance

Coverage for your family’s lifestyle, debts and future, from affordable term to permanent plans.

  • Term
  • Whole life
  • Universal life
  • Mortgage life
  • No medical
Get a free quote

Critical illness

A tax-free lump sum if you are diagnosed with a covered condition such as cancer, heart attack or stroke.

  • Adult
  • Child
See covered conditions

Covered conditions can include heart attack, cancer, stroke, coronary artery bypass surgery, kidney failure, major organ transplant or failure, aortic surgery, heart valve replacement, benign brain tumour, blindness, deafness, paralysis, multiple sclerosis, severe burns, coma, loss of speech, loss of limbs, motor neuron disease, Alzheimer’s disease, Parkinson’s disease, occupational HIV infection, bacterial meningitis, aplastic anemia and loss of independent existence.

Plans for children can also cover congenital heart disease, cerebral palsy, cystic fibrosis, autism, Rett syndrome, type 1 diabetes and muscular dystrophy.

Covered conditions and definitions vary by insurer and plan.

Ask about this

Disability insurance

Income replacement if illness or injury keeps you from working, so your savings and mortgage stay on track.

  • Long-term
  • Short-term
  • Mortgage disability
Ask about this

Health & benefits

Coverage for what provincial plans don’t pay, for individuals, the self-employed and employers.

  • Individual health
  • Group benefits
  • Long-term care
Ask about this

Wealth & savings

Tax-advantaged ways to save for retirement, education and long-term growth.

  • TFSA
  • RRSP
  • RESP
  • RDSP
  • Segregated funds
  • Whole life
See savings options

Travel & visitor

Emergency medical coverage for visiting family, international students and Canadians travelling abroad.

  • Super Visa insurance
  • Visitor
  • Travel
  • Student
See Super Visa insurance

Fast & free life insurance quotes

Life insurance for every situation.

Whether you are healthy, hard to insure or new to Canada, we compare plans across our partner insurers to find coverage that fits, with no face-to-face meeting required.

18 to 80Ages that can apply
$750,000Coverage on no-medical and simplified-issue plans
$1,000,000On fully underwritten plans, with larger estate coverage designed case by case
No meetingApply by phone or video, from anywhere

Declined or have health conditions

Clients declined in underwriting, or living with health conditions, can still find coverage from $50,000 up to $1 million, often with no medical exam.

Children

Coverage for children can be declined or postponed for common conditions such as asthma or ADHD. We help you find an insurer that will cover them.

Seniors

A policy that covers final expenses, so your family isn’t left with the bills.

Newcomers to Canada

New immigrants are eligible for every type of coverage we offer, from term life to permanent plans.

Get a free quote

Quotes are free, with no obligation. Coverage amounts and eligibility depend on the insurer and your application.

Wealth creation

Grow your savings tax-efficiently.

Tax-sheltered accounts and policies that build wealth for retirement, education and the next generation.

TFSA

$109,000

Total room in 2026 if you have been eligible since 2009

Grow your money tax-free for life, and withdraw it whenever you want with no tax.

RRSP

$60,000

Home Buyers’ Plan withdrawal toward a first home

Contributions lower your income tax, and your savings grow tax-sheltered.

RESP

$7,200

Government grants per child (CESG)

Plus up to $2,000 through the Canada Learning Bond for eligible families, and up to $50,000 per child growing tax-sheltered.

Segregated funds

75–100%

Of your deposits guaranteed at maturity or death

Market growth with guarantees, and named beneficiaries receive the money directly, outside your estate.

Whole life

10 or 20 pay

Paid up in 10 or 20 years, with coverage for life

A tax-free inheritance, cash value you can access, and plans that protect your children for life.

2026 figures. TFSA room depends on when you turned 18 and became a resident of Canada. Grant and bond eligibility varies.

Registered Disability Savings Plan (RDSP)

Empowering Canadians with disabilities to build a financially secure future.

An RDSP is a long-term savings plan for people approved for the disability tax credit. Family and friends can contribute up to $200,000 over the beneficiary’s lifetime, the Government of Canada adds matching grants and, for lower-income families, bonds, and everything grows tax-deferred. We help you open the plan, claim every grant and bond you qualify for, and make it part of your estate plan.

Ask about an RDSP

Grants and bonds depend on family income and are paid until the end of the year the beneficiary turns 49. Contributions can continue until the end of the year they turn 59.

  • $200,000

    Lifetime contribution limit

  • $20,000

    Lifetime amount of bonds available

  • $70,000

    Lifetime amount of grants available

A grandmother hugging her grandchild
We bring families togetherON · AB · BC · MB · SK

Visitor & travel insurance

Super Visa insurance for your parents and grandparents.

A Super Visa application must include proof of private medical insurance, and that is our specialty: the most flexible and affordable plans from leading insurers. We also cover visitors, travellers and international students.

Up to 45% offDiscounts at the time of application
Refund optionsPartial and full refunds available
5 provincesServing ON, AB, BC, MB and SK

Every Super Visa insurance plan we arrange meets IRCC requirements:

  • At least $100,000 in emergency medical coverage
  • Valid for at least one year from the date of entry, and for each entry
  • Covers health care, hospitalization and repatriation
  • Issued by a Canadian insurer, or an approved insurer outside Canada authorized by OSFI
  • Paid in full, or in instalments with a deposit. Quotes are not accepted.
Toll-free1-800-886-5270 Direct647-853-3030 Request a quote

We arrange the insurance. The Super Visa itself is issued by Immigration, Refugees and Citizenship Canada (IRCC), which sets these requirements. Payment plans and refund options are subject to each insurer’s terms.

About the firm

An independent firm, with a team behind every plan.

MI Insurance & Financial Ltd. is headquartered in Milton, with offices in Mississauga and Markham. For over 15 years, our team has served families and business owners with commitment and passion, helping them protect their income, their health and their estates.

We have the privilege of working with all of Canada’s leading insurance companies, rather than for any one of them. Be assured that we have your best interests at heart: every recommendation starts with your goals, and we compare the market to find the right fit.

Our mission is to make a positive impact on people’s lives, and to help our clients live their lives on their own terms.

Our mission
15+Years of proven expertise
3Offices across the GTA
5Provinces served for visitor coverage
Muhammad Irshad, Director of MI Insurance & Financial
15+ yearsOf proven expertise

Leadership

Muhammad Irshad

Director, MI Insurance & Financial Ltd.

  • B.Sc. (Hons)
  • RIBO
  • LLQP

“Building wealth is success. Structuring it is legacy.”My work is helping families and business owners protect what they have built, and plan exactly how it transfers, through estate planning, succession planning and wealth protection.

B.Sc. (Hons)
Honours Bachelor of Science degree
LLQP
Life Licence Qualification Program, the licensing standard for life and health advisors: life, critical illness, disability and health insurance, segregated funds and annuities
RIBO
Registered Insurance Brokers of Ontario: licensed as a general insurance broker in Ontario
Practice focus
Estate planning, succession planning and wealth protection, alongside life, health and Super Visa insurance
Meet with Muhammad and our team

Your team

Everyone who works on your plan.

Your advisor

Leads your plan from the first meeting to every annual review, as your single point of contact.

Case design & underwriting

Prepares illustrations across insurers and manages medical and financial underwriting.

Client service

Handles policy changes, beneficiary updates and claims support.

Your accountant & lawyer

We work alongside your existing advisors so your insurance, tax and legal plans fit together.

Plan the legacy you want to leave.

Book a private, no-obligation consultation with our team in Mississauga or Markham, or by phone or video.

Book a consultation 1-800-886-5270

Contact

Start with a conversation.

Tell us a little about your situation, and a member of our team will contact you to arrange a time that suits you.

Head office

Milton, Ontario

Mississauga office

218 Export Boulevard, Suite 610, Mississauga, ON L5S 0A7

Markham office

7191 Yonge Street, Suite 711, Thornhill, ON L3T 0C4

Phone & fax

647-853-3030 · Toll-free 1-800-886-5270 · Fax 647-500-7865

Request a consultation

Private and confidential. There’s no obligation.

Sending opens your email app with your request filled in. Prefer to talk? Call 647-853-3030.