Health Spending Account CRA | Olympia Benefits Blog (6)

What is Errors and Omissions Insurance in Canada?

If you provide advice or services to clients, you may need an errors and omissions policy. Some professions, such as accountants and engineers, are required to have this insurance as part of their license to practice. In addition, many small businesses should be protected in the event that a...

January 14, 2022

TFSA Withdrawals - Everything You Need To Know

One of the great aspects of a Tax Free Savings Account is that making withdrawals is easy. While RRSP withdrawal rules seem to be made by the Canadian government’s version of...

Guide - How To Apply For Short Term Disability

If you are temporarily unable to work due to a physical or mental health condition, you might be eligible for short term disability benefits. This may be covered by both...

What is Commercial Property Insurance and What Does It Cover?

Any business or organization that owns or leases commercial property should have insurance. This will protect you in the event of fire, crime and vandalism. In addition,...

What is Wrap Up Liability Insurance in Canada?

If you work on large construction projects, wrap up liability insurance can reduce risk and improve efficiency. Read on to learn more about this product for insurance during...

What are Flexible Benefits and How do They Work?

The world is currently experiencing a very competitive job market. As an employer, you need to stay up-to-date with benefits trends to keep valuable employees and attract top...

T5018 Guide – Contractor Payments for the Construction Sector

The construction industry in Canada has many self-employed and small business contractors working on any given project. This could include plumbers, electricians and...

Does your company need contractor insurance?

Contractor insurance protects a wide range of companies in Canada. You could be a large construction contractor with dozens of employees. Or you might have a one-person...

What is an Individual Pension Plan (IPP) and how does it work?

An Individual Pension Plan is a form of retirement account that can be set up by business owners and incorporated professionals, such as doctors and dentists. While it is...

What Is Life Insurance and How Does It Work?

In this day and age, life insurance is a must. The reality of death has struck many close to home. Death is a very traumatizing experience for your loved ones.

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...