Featured Article Claiming dependents on taxes in Canada - Who is Eligible? Everyone in Canada likes to minimize the amount of tax they pay – so be sure to claim a deduction for your dependent if you are eligible. You’d be surprised at who can be named as a CRA eligible dependent. In addition to a spouse or child, you may be able to get a tax break for a parent or... July 15, 2021
What is a Locked-In Retirement Account (LIRA) and how to withdraw? A Locked-In Retirement Account (LIRA) is a registered retirement savings account that usually does not permit withdrawals before retirement. In this way, it is more... Read more
What is the Guaranteed Income Supplement (GIS) in Canada? More than 50 years ago, the Canadian government recognized that the nation’s senior citizens had a financial problem. They were living longer than ever – and many were... Read more
How do taxes work in Canada? No one loves paying income taxes, but they make up about half of the revenue that the federal government needs to deliver services to Canadians. Fortunately, there are ways... Read more
What are Extended Health Care Benefits in Canada? To attract and retain top talent, many organizations offer employer extended health insurance to their staff. Previously, only large companies and governments were able to... Read more
A Quick Guide to Health and Dental Insurance in Canada Canada’s universal healthcare program covers trips to the Emergency Room, doctor visits and hospital stays. However, there is a lot that is not included: Prescription drugs... Read more
New Trends in Employee Benefits New trends in employee benefits has shifted greatly, with alternative employee benefits such as remote work and caregiving responsibilities becoming prominent. Read more
The Advantages and Disadvantages of RRSPs Canadians have embraced Registered Retirement Savings Plans over the years, with the average person holding more than $100,000 in their account, according to a BMO survey.... Read more
Everything you need to know about building a financial planning practice A career in financial planning is both rewarding and challenging - you have an opportunity to help people achieve financial wellness by reaching their financial goals. On the... Read more
The 7 Key Components of Financial Wellness Physical and emotional wellness receive a lot of attention in the news, media, and in blogs. Financial wellness, not so much. That’s unfortunate because your financial well... Read more