"Independently Taber owned and operated. Serving the communities of Southern Alberta for more than 45 years."

5006 - 48 Avenue
Taber, Alberta  T1G 1R8

Tel: 403.223.8778
Toll Free: 888.223.0116

Preplanning & Prepaying

What is a prearranged funeral?

A prearranged funeral is the arrangement of a funeral made prior to death. The arrangements are made by the person for whom the arrangements involve or by someone responsible for their care. There is no charge for prearranging a funeral. Prearrangements can involve the deposit of funds for payment of the funeral or can simply be the gathering of information. It is a way for people to ease the emotional and financial strain for those family and friends left behind.

Is preplanning a funeral and prepaying the same thing?

No. Preplanning a funeral means just what the name implies. Simply put, it is choosing all the preferences and options incorporated in a funeral, while providing the necessary vital statistic information that would be required at the time of death.

Prepaying a funeral is securing and "freezing" those funeral costs against inflation by funding the expenses prior to death. This can be in the form of a one time, lump sum payment, or time payments made over the course of a set period. Please remember it doesn't cost anything to preplan a funeral. There is never a requirement to purchase a prepaid funeral contract in order to preplan. Should someone simply choose to preplan their funeral and not prepay it, all of the detailed information is still kept on record at the funeral home for easy reference in the event of a death. That information will prove invaluable to family at the time of death by providing a guide to the choices and wishes of the individual.

What are the benefits of pre-planning?

You are able to make rational and logical decisions. Saving your family the burden of having to make them under times of grief and stress.    

The assurance that your wishes are known and will be carried out as specified and obtain piece of mind. You have the opportunity to discuss options with our funeral professional and also with your family, church, friends, etc.

What are the benefits of pre-paying?

It eliminates a financial burden to your family, it provides peace of mind and protects one from price increases, and it simplifies things for your loved ones at the time of your death.

Who prearranges a funeral?

Usually individuals who are retired and getting their affairs in order make prearrangements. Also, those individuals that are responsible for the care of someone who may be terminally ill, or in a nursing home, retirement home or the hospital, often make these arrangements along with all other necessary planning. Anyone can prearrange a funeral, and will find it relieving to know that their arrangements are taken care of.

What information will I need to prearrange a funeral?

You will need a name, address, birth date, Social Insurance Number and birthplace. Other information gathered will be full name of spouse, occupation, mother and father's full name and birthplace, and name and address of executor/legal representative/next of kin. It will also be important that you have given some thought to what services you would like, where you would like them, and any other special requests you might have.

What is involved in making pre-arrangements?

Recording personal information that is required for Vital Statistics. This consists of full name, address, spouse's name, occupation, birth date, birthplace, parent's names and their birthplaces and your next of kin or executor.

Making service choices. Funeral or memorial service, burial, cremation or transfer to another city, music selections, personalized service folders, video presentation, participants (family and/or friends) to create a meaningful service.

Making specific selections. The selection of a casket or cremation container, an urn, a burial or urn vault, and a monument or memorial marker.

Arranging a payment plan. The services do not have to be prepaid, but the costs will be guaranteed not to increase if payment is made at one time or by monthly payments.

Are pre-paid funeral funds, held in trust, in an income tax shelter?

Yes, they are exempt from income tax under Bill C-70. This bill states that all pre-paid funeral deposits in trust, and accruing interest are protected from income tax.

What happens to the money that is deposited on a prepaid funeral?

The funds are deposited with a trust company and this is referred to as a "trusted prepaid". 

With a "trusted prepaid", the money is deposited into a GIC (Guaranteed Investment Certificate). When the need arises, the money is available to the funeral home for payment of the funeral account. The money is transferable, refundable at any time, and protected by provincial legislature through the Canada Deposit Insurance Corporation. The monies held in trust by a funeral home are inspected and monitored by the Alberta Funeral Services Regulatory Board.

Another option is to place the money with a life insurance company which specializes in prepaid funeral plans. This is referred to as a "insurance prepaid".

If I should move to another country or for whatever reason change my plans, can I get my money back?

Certainly. Keep in mind this money deposited in a trusted pre-paid funeral plan is always your money. Funds and interest earned may be returned to you on the receipt of a letter from you requesting its return, bearing your signature and the signature of a responsible witness.

Are pre-paid funeral contracts transferable?

Yes. Remember this is your contract. It is your money and the decisions are yours. Transfers of pre-paid contracts take place regularly and for good reasons such as: the contract holder moves, his/her contract is usually transferred to and is honoured by the funeral home in that city which the originating funeral home recommends. The Canadian - Independent Group of Funeral Homes have a network of over 700 funeral homes from coast to coast across Canada between which contracts are transferred regularly. The pre-paid funeral contract holders may transfer their contracts because they want to be closer to family, church or the funeral home serving that community. The pre-paid funeral contract may be transferred without cost to the contract holder.