Health Spending Account CRA | Olympia Benefits Blog (5)

What Is a Non Registered Savings Plan (NRSP)?

You may not be able to predict life's many curveballs, but you can preserve your peace of mind. After all, one of the biggest benefits of saving money for retirement (and for life) is a financial backstop against life's many uncertainties. The bad news? Choosing the best savings plans for the job...

December 6, 2021

Term vs Whole Life Insurance - What You Need to Know

Whole life and term life are the two main types of life insurance in Canada. People typically take out life insurance to provide for their loved ones in the event that they...

Is Massage Therapy Tax Deductible in Canada?

Massage therapy as an eligible medical expense on your tax return varies by province. If eligible, the expense is calculated through the Medical Expense Tax Return (METC),...

How much does Dental Insurance Cost in Canada - A Concise Guide

Provincial health insurance covers the cost of going to see a doctor or a hospital stay. However, these plans do not include visits to a dentist – even though good oral care...

How To Invest in Cryptocurrency in Canada

Investing in cryptocurrency is highly speculative and risky. Only invest in cryptocurrency after you have paid the mortgage, bought groceries, put money in your RRSP, and...

TFSA Contributions - Everything You Need To Know

Tax Free Savings Accounts provide a great opportunity for Canadians to save for a variety of purposes, including purchasing a house, retirement or going on a special vacation...

Total Compensation - What is it and what to include?

Looking to attract and maintain top talent over the long term? It’s not easy in today’s market. Total compensation is an effective tool when attempting to retain top talent...

The Advantages and Disadvantages of TFSAs

A Tax-Free Savings Account is a program of the Canadian government that allows you to invest your money, with any dividends and capital gains being tax free. No one likes...

What is a Life Income Fund (LIF) and how does it work?

If you had a pension plan with your employer and left the organization, you may have used the funds to open a Locked-In Retirement Account (LIRA). When you retire, you can...

7 Elements of an Employer Employee Relationship

Maintaining a good employer-employee relationship is crucial to the success of you and your business. Not only that-- but having a good employer-employee relationship can...

What is key person insurance and how can it protect your business?

In many organizations, one person is vital to its success – and perhaps even survival. It could be the business owner or the CEO. Or it might be a development expert, such as...