You own an incorporated company. You hear that you should pay yourself with dividends to save some tax. The question is, “is the savings worth it”? From an insurance & financial planner standpoint I highly recommend taking a salary up to the pensionable maximum. (The amount of salary equal to the maximum amount you …
SALARY OR DIVIDENDS – A FINANCIAL ADVISOR’S POINT OF VIEW Read More »
(WARNING: A RANT IS ABOUT TO ENSUE…) I have been in this business since 2002. Before that, I sold to, consulted to, and ran other businesses (big & small). I have always been fortunate enough to understand that I need to have a written emergency plan. When I owned Marathon, my will clearly stated …
WHAT YOU CAN AND CANNOT DO You have an employee on disability leave. You have questions. You are not sure what you can and cannot do, say & ask. You want to help them. You want them to come back. The information below, may be of assistance to you and to your employee. Reach …
CONSIDERATIONS WHEN YOU HAVE EMPLOYEES WORKING FROM HOME The following notes were taken from an employment law seminar I attended in February 2023. The following does not constitute legal advice. This is simply a list of items you need to consider when you have employees who work from home. It likely misses some points. …
Yesterday, I read an article by an LTD claims lawyer about people with declined claims. He said you need to get a lawyer to sue your insurer to pay the claim. His premise is all insurance contracts are the same. That premise is not correct. Gold. Silver. Wheat. Soya Beans. Those are commodities and …
AND THOUGHTS FOR NEXT YEAR Happy end of year everyone! I want to begin with a thank you. This year was different than any of my prior 20 in the business. As we worked to regain as much of our old normal as possible, insurance company responses were slowed due to lack of employees …
WHAT YOU NEED TO KNOW ABOUT YOUR INSURANCE The world is getting back to the old normal and we are traveling again. Here are some thoughts and recommendations about travel insurance during the time of Covid. If you do not have travel insurance, get it! It is very low cost and can cover you …
WHEN YOU HAVE EMPLOYEES WORKING FROM HOME I admit it. I am not up on all of the details about every industry in every province in regards to provincial Workers’ Compensation Coverage rules and policies. Today, people work from home. Some are in the same province as their head office. Some work in other …
Questions for your provincial Workers’ Compensation Coverage Read More »
Buying medication at the pharmacy is getting more complex. If you are on high-cost medication or a specialty medication, the information below will help. Your pharmacist may say you need your physician to fill out a special form to send to your insurance carrier for approval. Your insurance plan will limit any first claim …
High Cost Medication – What you need to know & do Read More »
To save money, many people feel that they can take a smaller part of their prescribed medication. Lots of people feel they simply do not need the medication their Dr has recommended. Studies have shown that if you do not take medication as prescribed, the medication will reduce in effectiveness and you will need …
CAN YOU SAVE MONEY BY REDUCING YOUR PRESCRIPTION? Read More »
