Health Spending Account CRA | Olympia Benefits Blog (5)

Everything You Need to Know About Daycare Business Insurance

Daycares should have insurance because there are many risks associated with caring for young children, such as injuries and property damage. This applies whether you are operating out of your home or in commercial premises. In addition, parents with a child in a daycare should make sure that the...

February 9, 2022

How are stocks taxed in Canada?

Let’s face it, analyzing tax rates is nobody’s idea of fun. However, everyone loves saving on taxes! Read on to learn more about the tax on stocks in Canada – and how you can...

Did you miss any of these small business tax deductions?

It’s important to claim all possible tax exemptions. These serve to reduce your taxable income so that you pay as little corporate income tax as possible. In this article,...

Are moving expenses tax deductible in Canada?

The moving expenses deduction is a great way to reduce your taxable income – and hopefully receive a tax refund. However, there are restrictions about who can claim moving...

What is Commercial General Liability Insurance and What Does It Cover?

This insurance protects your business in the event you are responsible for an injury or property damage to an outside party. In Canada, the most common type of claim is a...

How You're Impacted - Ergonomic Hazards in the Workplace

When humans were hunter-gatherers, they used their bodies for a wide variety of tasks and seldom did the same thing all day. In the last 150 years since the start of the...

A Comparison of Health Insurance Plans in Canada

In Canada, universal health care means that everyone can visit doctors and hospitals at no cost. However, there are a lot of health services that are not covered by medicare....

The Type of Surgery That is Not a Medical Emergency - Elective Surgery

Doctors often perform emergency surgery to prevent a patient from dying. At other times, elective surgery is needed to restore a patient’s qualify of life. Sometimes people...

What is the Registered Disability Savings Plan (RDSP) in Canada?

The Registered Disability Savings Plan allows parents (and others) to save for the long-term financial security of a person eligible for the Disability Tax Credit.

What does Canada RIT mean on my bank statement?

If you are reviewing your bank statement and notice a direct deposit with the note “Canada RIT” or “RIT/RIF”, it’s good news. It means that the Canada Revenue Agency has...

What is product liability insurance and how does it work?

Product liability insurance provides important protection for companies involved in the manufacturing and distribution of consumer products. Unfortunately, sometimes a...