With the second-wave upon us, 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. […]
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Investment Market Update
We hope you and your family are well and have enjoyed the summer. Fall is now here, and the “new normal” continues as students head back to school, whether virtually or in person. Many of us continue to work from home. Globally, the number of COVID-19 cases surpassed 25 million in August as reported by […]
CERB extended and EI benefits expanded.
The Government announced that the CERB benefit will be extended by 1 more 4-week period to September 26, 2020. This extension is followed by the addition of three new benefits being added to replace CERB, for a period of 1 year commencing September 27, 2020. Steps are also being taken to make qualification for the […]
Super-charge your Benefit Package!
You may already have a Benefit Plan in place for your employees. Have you considered enhancing it by providing a Group Savings plan that encourages them to grow financially and plan for their future? Ready to super-charge how you motivate your team? Here are some key points to think about: 1. Saving and saying goodbye […]
Wage Subsidy Update – At first there’s more for everyone, but the phase-out is underway.
The federal government announced proposed changes to its Canada Emergency Wage Subsidy(CEWS) program that will take effect as of July 5, 2020. To summarize, there are three principal impacts of these changes: For the near term, companies that have experienced a revenue drop of greater than 50% will receive an even larger subsidy than the […]
Corporate Owned Life Insurance
Regardless of whether the need is primarily personal, we almost always recommend owning and paying for life insurance in your corporation. The difference between corporate and personal tax rates can result in a significant savings in premium while the tax-preferred treatment of the death benefit will still give you the personal protection you need. Lower […]
COVID-19 – Good news/Bad news for Critical Illness and Disability Insurance
In response to our email last week, a number of people asked us whether insurers are waiving the requirement to provide blood and urine samples in order to obtain Critical Illness (CI) or Disability Insurance (DI) as they are doing for Life Insurance. The answer is yes! Depending on the insurer and your age, up […]
Let’s Get Local Ottawa! Your Covid-19 Guide to What is Open.
There are multiple businesses open and ways that we can still support local during this time. It’s as simple as this: Whenever possible, buy locally Order from local businesses online Purchase gift certificates now to use later Order meals for takeout or delivery Send messages of support on social media Below are a few […]
Covid19 offers an unprecedented opportunity to obtain life insurance without medicals.
There is no doubt that the implications of Covid19 have been terrible for businesses and consumers alike. We’ve all experienced changes rolled-out by businesses to align their processes with social-distance requirements. Life Insurance companies are no different……and in this case the changes are positive for the consumer! Traditionally, only the very young or those purchasing […]