Health Spending Account CRA | Olympia Benefits Blog (43)

The Story of the Money-Making Machine That Broke Down

Imagine you are given an income producing machine that cannot be replaced. This machine earns $60,000 to $100,000 in-your-pocket income annually and is estimated to run for 30 to 40 years. As time goes on, its earnings will increase. The value of the machine over its productive lifetime will range...

July 5, 2016

The Most Important Asset You Forgot to Insure

Many wage earners are diligent in purchasing life insurance to protect their families in the event of their early death, but many do not consider disability insurance. The...

Which is Better: Individual or Group Disability Insurance?

Whether individual or group disability insurance is best for you will depend on your personal circumstances and the details of the policies you are being offered. It’s...

Find Out Where Your Target Market Spends Their Time Online

Have you ever wondered how to find out where your target market spend their time online? As someone who is in business, certainly you must ask yourself: “How well do I...

What You Need to Know about Applying for Disability Insurance

When an individual applies for insurance coverage, he or she is essentially asking the insurance company to take on the potential risk of having to pay a claim in the future....

So... Exactly what is Disability Insurance?

A disability can happen at anytime and anyplace - not just at work. A fall off a ladder at home after work or on the weekend. A car accident while driving to work or on...

Is Your Canadian Small Business Wasting Money on Medical Expenses?

Benefits and healthcare expenses are a factor in everybody’s budget, whether you add it in or not. For those of us with employers, we often take the coverage for granted....

The Secret to Making the Most of Your Healthcare Dollars in Canada

The Health Spending Account (or HSA) may be one of the best-kept secrets when it comes to tax-free breaks. These accounts were first introduced in 1986 by Canada Revenue...

Why Traditional Health and Dental Insurance Isn't Really Insurance

Updated: January 2020 Insurance protects you against the risk of the unknown. You don't even consider foregoing homeowner's or auto insurance. Similarly, if you are a farmer...

FEARS OF BECOMING A DIGITIZED ADVISOR

Sitting at the threshold of the greatest intergenerational transfer of wealth, in which an estimated $30 trillion dollars will pass from baby boomers to the next generations...

How a Health Spending Account Made The Difference For My Child

In 2015, an incorporated small business owner from Vancouver, BC discovered that his five-year-old son was diagnosed with Asperger's Syndrome. In a quest to assist his son...