Providing an Employer Sponsored Savings Plan such as an RRSP or Deferred Profit Sharing Plan improves employee attraction and retention. According to a 2022 survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan, 66% of Canadians would rather have a lower salary and a pension than a higher salary with […]
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Should you take CPP early or defer until you’re 70? Our CPP calculator shows your estimated monthly and total payout amounts so you know the best age to start collecting retirement benefits.
It’s been over 15 years since GICs have paid a decent amount of interest. And now, with the Bank of Canada raising interest rates by 2.25% over the past 5 months, investing your money in a GIC is officially back in style. A Guaranteed Investment Certificate (GIC) pays a guaranteed rate of return by the […]
The Ontario governments recently enacted Bill 27, “Working for Workers Act” requiring employers (with more than 25 employees), to have “a written policy in place for all employees with respect to disconnecting from work”. Bill 27, Working for Workers Act requires a policy, not necessarily a requirement to allow employees to disconnect. The Employment Standards […]
A cornerstone of good portfolio management is proper diversification. In simple terms: don’t put all your eggs in one basket! The Real Estate Fund owns 88 high-quality, income-producing Canadian properties valued at $3.8 billion. This real estate fund does not own individual residential real estate in the neighbourhoods we live in. It owns a diversified […]
With spring in full swing, and the real estate market at a peak of activity, Canadians are qualifying for mortgages in droves. If you get a mortgage, you’ll want to protect yourself with insurance – either mortgage life insurance or personal life insurance. But which is the better option? Although mortgage life insurance might seem […]
RRSP’s are one of the single best long-term savings vehicles available to you. They boast big tax advantages by allowing you to deduct your contributions from your income and can generate a healthy tax return in the process! Don’t miss out on maximizing these advantages! Your annual RRSP contribution limit is 18% of your prior […]
A Tax Free Savings Account (TFSA) is a registered investment account that lets your earnings grow tax-free. Invest for any goal – from a new car, to a renovation, to supplementing your retirement income– and never pay tax on withdrawals. An excellent complement to an RRSP, a TFSA is an important part of every financial […]
Covid19 continues to pose questions for employers and HR leaders on how to manage employee leaves and absences related to the disease. In response to this new normal, Ontario made changes to the Employment Standards Act(ESA) to better address the impact on a business and its employees due to Covid19. The government introduced amendments to […]
