by Simplified Financial | Aug 1, 2023 | 2023, Blog, business owners, financial advice, financial planning, individuals, mortgage, personal finances, tax
You’ve likely heard much about interest rates, especially house prices and mortgages. Rising interest rates will impact everyone, whether they are borrowers or savers. Why does the Bank of Canada raise interest rates? The Bank of Canada has a monetary policy....
by Simplified Financial | Jul 4, 2023 | 2023, Blog, dental benefits, Family, health benefits, individuals
In the most recent federal budget, an expansion to the Canada Dental Benefit, initially announced in fall 2022, was declared. It’s a significant development that aims to make dental and oral health care accessible to more Canadians. This expansion transforms the...
by Simplified Financial | Jun 23, 2023 | 2023, Announcements, Blog
At Simplified Financial Inc, we recognize the importance of work-life balance and prioritize the well-being of our staff. Considering the significant changes the world has witnessed recently, we firmly believe in providing our employees with the necessary time to...
by Simplified Financial | Apr 3, 2023 | 2023, Blog, disability, tax
Tax Tips You Need To Know Before Filing Your 2022 TaxesThis year’s tax deadline is May 1, 2023, as April 30 falls on a Sunday this year. It’s important to make sure you’re claiming all the credits and deductions you’re eligible for. In this article, we’ll provide you...
by Simplified Financial | Mar 29, 2023 | 2023, Blog, business owners, dental benefits, Family, financial planning, individuals
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures:New transfer options associated with Bill C-208 for intergenerational transfer.New rules for employee ownership trusts.Changes to how the...
by Simplified Financial | Feb 2, 2023 | 2023, Blog, RRSP, Tax Free Savings Account
When looking to save money in a tax-efficient manner, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) can offer significant tax benefits. To assist you in understanding the distinctions, we will compare the following: The differences in...