Featured Article 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. Nevertheless, RRSPs do have strengths and weaknesses. It’s important for people to understand these RRSP pros and cons to plan... April 9, 2021
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
What is a Personal Spending Account (PSA) and how does it work? With a recent shift in workforce dynamics, employees are looking for greater choice and flexibility. The introduction of personal spending accounts offers a solution to this... Read more
How does Olympia Benefits work? Olympia Benefits is a leading provider of Health Spending Accounts in Canada. We provide HSAs to over 57,000 businesses across the country. Our plans are easy to use because... Read more
What is a defined contribution health plan? There are many types of defined contribution plans. However, one form of defined contribution plan that is often overlooked is for healthcare. In defined contribution health... Read more
What is extended health care coverage and do you need it? Extended health care covers expenses beyond the reach of provincial health plans. For example, prescription drugs, vision, dental, professional services, medical equipment,... Read more
What is Memory - Explained in Simple Words Memory is the dynamic process by which we integrate and retain information that we perceive in our environment. Einstein interestingly captured this idea by saying “memory is... Read more
2 Things to know about Health Spending Accounts in Ontario In the past, Health Spending Account claims were exempt from taxes. This still holds true for most provincial governments. Unfortunately, Ontario applies unique provincial... Read more
How do you claim income tax medical expenses? Every tax year, Canadians can apply for the Medical Expense Tax Credit (METC) to claim their personal medical expenses. In this article, we'll explore what you need to know... Read more
How does self-funded health insurance work? Instead of paying a third party provider for full coverage (managing and reimbursing claims), a company can self-fund their health insurance by paying for only the... Read more
