Featured Article What is a trustee and what does it mean? Planning for when we are not here is not the most exciting nor enjoyable task. For that reason, it is understandable that many avoid doing so, with the Angus Reid Institute reporting that51% of Canadians don't have any plans in place at all. July 22, 2021
What is Critical Illness Insurance? Coverage, Payout, and more Critical illness insurance provides a lump-sum payment in the event that you are hit by a major illness, such as a stroke or cancer. You can purchase plans that will provide... Read more
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... Read more
A Quick Guide to Accidental Death and Dismemberment (AD&D) in Canada You have almost certainly heard the phrase, "expect the best but prepare for the worst". It's popular for a reason. Accidental death and dismemberment would definitely be... Read more
Fun at the Office: Why Have a Workplace Social Committee Does your business need a boost in morale? If so, start thinking outside of the box for creative solutions to make your employees happier. Start a workplace social committee! Read more
What's the difference between Sole Proprietorship and Corporation? As of December 2019, there were 1.23 million employer businesses in the Canadian economy, Deciding how to structure those businesses is hard decision owners have to make. But... Read more
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
What Is the Average Canadian Household Debt? The economic and psychological effects of debt can have serious long-term repercussions. Most notably, ill-health, mental health difficulties, and bankruptcy. Read more
What Is Coordination of Benefits (COB) and How Does It Work? Let's face it; insurance is complicated. Whether you're trying to figure out your benefits coverage or you simply need to know where to send a claim, many patients struggle... 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
