The pandemic associated with COVID-19 has negatively affected tens of thousands of Canadians physically and mentally, but many more have been affected financially.
Whether due to reduced work hours, a complete loss of job opportunities or one’s small business being permanently closed, the financial devastation is very real for many people.
After a loved one dies, paperwork is the last thing on anyone’s mind.
Estate at Ease, offered through Canada Life makes this easier.
Managing a loved one’s estate can be an additional stress for executors who are already grieving a loss. Estate at Ease™ estate documentation and identity theft protection service can alleviate some of this burden. It’s an opportunity to help your client’s beneficiary in their time of grief.
As financial advisors, we are often asked about the importance of an up to date Will, Power of Attorney and Representation Agreements. Shockingly 56% of adult Canadians do not have a current or valid Will, leading us to recommend updating these documents, along with a discussion on who should be considered as the Executor.
Bull or Bear Market deals with stock market expectations from industry analysts for the balance of 2020.
It’s an article I wanted to share from Wealth Professionals. I subscribe to their electronic newsletter and with the election coming up in less than 50 days, thought you may find this of interest.
COVID-19 has brought much change to how Canadians conduct their
business affairs and working from home may become permanent for many
Employees who have moved to working from home, or who are self employed and maintain a home-based office, are eligible for tax deductions to cover some of the costs.
In times like these, many charities are facing difficulty raising funds for our communities. Perhaps you are an individual who would like to make a meaningful donation to your favourite charity or non-profit society, but your monthly cash flow does not allow it.
The OAS program is part of the Canadian Government’s largest pension plan and it is funded from general tax revenues, such as income tax and GST. We do not pay directly via employer and employee contributions like we do with CPP.
As of the 2nd quarter of 2020 the maximum monthly OAS payment is $615.53; payments are adjusted quarterly based on inflation.
CPP offers benefits to workers that suffer from a severe and prolonged disability due to accident, illness, or a mental health condition.
Assuming you are under 65 and have contributed CPP premiums in four of
the last 6 years, you may be eligible.