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New RRIF Measure

New RRIF Measure

Due to the financial strains caused by COVID-19, the Canadian government has implemented a new measure for RRIFs. As of March 25, 2020, the government reduced the required minimum payment a person must withdraw from a RRIF by 25%. Learn more about the new RRIF measure...

Annuity Settlement Option

Annuity Settlement Option

Scenario: Let us say you are the parent of three children. One is reasonable with finances, the second is not exactly financially responsible, and the third has no clue about finances. Now, let us say you have a life insurance policy, and you pass away. Would you want...

The Probate Process

The Probate Process

Probate is the process by which a court authenticates the will of a deceased person. The process involves determining the value of the deceased’s estate, which comprises of their assets. Afterwards, the executor pays the final bills and taxes and distributes the...

Employee Assistance Programs

Employee Assistance Programs

Employee Assistant Programs (EAP) are used to assist employees and families with well-being and productivity in the workplace. It develops workplace health through strategic prevention, focusing on an employee’s strengths and resiliency. EAPs promote successful...

Innovative Benefits Options

Innovative Benefits Options

Health Spending Account Also known as a Health Care Spending Account (HCSA), an HSA covers employees for Health and Dental Expenses. An employer sets the number amount of allotted funds for each employee. The provider reimburses the employee for Health and Dental...

Cookie-Cutter Vs. Customized Benefits

Cookie-Cutter Vs. Customized Benefits

Cookie-cutter plans are precisely that, they are the same style, one-size-fits-all, of benefits for all eligible employees. Employees, at any age and of any health, receive the same benefits package. The pricing of these benefits is not always the most affordable...

CPP/QPP

CPP/QPP

CPP is a government sponsored benefit program administered by the Federal Government. It provides: retirement pensiondisability pensionsurviving spouse’s pensiondeath benefitorphan’s benefit CPP is earnings related income protection for working Canadians, who are...