Blog
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...
Reduce Interest Costs and Save Money!
You can reduce your interest costs and save money!Manulife One is an all-in-one mortgage, line of credit, chequing, and savings account. Think Manulife One is for you?Talk to a Simplified Financial advisor and learn more about Manulife One!Manulife One...
Get Quotes and Compare Health and Dental Plans!
You can get quotes and compare health and dental plans!Provincial government health coverage does not always cover what you need.Greenshield offers affordable extended health and dental options to fill in the gaps. Click the link to get a quote today!Get A...
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
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...
What does Revocable and Irrevocable mean?
The type of policy has no bearing on the beneficiary designation, whether the policy is Whole Life, Universal Life, or Term Insurance. However, be sure to legibly list the correct names of your beneficiaries on all your group, life, and investment policies. Otherwise,...
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
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 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 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...