by Frank Restorick | Nov 3, 2026 | Life Insurance
A flexible benefits plan lets each employee choose the type and level of coverage from a menu, instead of everyone receiving the same package. In most Canadian flex plans the employer sets a budget, usually as credits or a dollar allowance, and the employee spends it...
by Frank Restorick | Nov 2, 2026 | Life Insurance
Digital estate planning means listing your online accounts, devices and crypto, deciding what happens to each one, and giving your executor legal authority and practical access to carry out those wishes. In Canada, you do this through an inventory kept apart from your...
by Frank Restorick | Nov 1, 2026 | Life Insurance
An employee assistance program (EAP) in Canada is an employer-funded, confidential support service. It gives employees, and usually their immediate family, short-term counselling and referrals for personal, family, work and financial problems, at no cost to the user....
by Frank Restorick | Oct 31, 2026 | Life Insurance
Yes, you can move money from your First Home Savings Account (FHSA) to your RRSP without paying tax, as long as the money goes directly from one financial institution to the other. If you withdraw the cash yourself and deposit it later, the withdrawal is taxable and...
by Frank Restorick | Oct 30, 2026 | Life Insurance
A cash refund annuity is a life annuity with a safety net. It pays you income for life, and if you die before those payments add up to what you paid in, your beneficiary receives the difference as one lump sum. The price of that promise is a lower monthly payment than...
by Frank Restorick | Oct 29, 2026 | Life Insurance
An RESP saves for a student’s education after high school. An RDSP saves for the long-term financial security of a person who qualifies for the disability tax credit (DTC). Both are registered plans that get government money on top of your contributions. They have...