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 […]

Regardless of whether the need is primarily personal, we almost always recommend owning and paying for life insurance in your Professional Corporation (or Holding Company if you have one). 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 […]

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 […]

The Government announces help with rent for small business. But is the “help” any better than the terms you may have already negotiated with your landlord?   Who qualifies?: Businesses who pay less than $50,000/month in rent Non-essential businesses who were forced to close or other businesses that have suffered at least a 70% drop […]

UPDATED!!!! April 9th, 2020 If your business needs financial support: Canada Emergency Wage Subsidy: Designed to keep (or recall) employees on payroll, this program will subsidize a portion of your payroll cost For employers that have suffered a 15% reduction in revenue due to Covid-19 in March 2020 and/or a 30% reduction in revenue for […]

We have you covered! 1. We’ve been told it would be better to buy our disability insurance now or as soon as possible. When should we be considering buying long term disability insurance? We recommend obtaining the coverage as soon as possible, but at the latest, while you are in 4th year. It is while […]

A solution for incorporated Dentists to obtain both sickness benefits and tax savings Shared Ownership refers to the situation in which more than one party owns an interest in an insurance policy. With the recent changes to the taxation of professional corporations, we have seen a lot of interest in using this strategy with Critical […]