Important dates for Arthritis and Diabetes Patients as BC is switching to ‘biosimilar’ drugs
Recognizing that the evidence shows that biosimilars are just as safe and effective as their originator biologic counterparts, the British Columbia government announced on May 27, 2019, that BC PharmaCare is requiring that patients taking three biologic drugs – Enbrel®, Remicade®, and Lantus® – transition to biosimilars.
read moreRetiring Unexpectedly? Here’s How Your Advisor Can Help
Retiring Unexpectedly? Here’s How Your Advisor Can Help Who Is Considered A Dependent For Health Insurance It varies from plan to plan, but usually for health insurance, a “dependent” is defined as a person, especially a family member, who relies on another for financial support. This typically means your spouse and children. Your dependents are covered under your plan, which means they could be entitled to benefits under your workplace coverage or a personal benefit plan you have. For most of our working lives, retirement can feel like a...
read moreManaging “Medical & Recreational Cannabis” in Your Workplace
It’s been more than couple of months since recreational cannabis was legalized in Canada, and the country hasn’t gone up in smoke (pun intended). Although it’s still early days, and therefore impossible to know the full impact on workplaces, there’s no doubt that managing cannabis in the workplace is going to be on employer’s minds as we look towards 2019. Below, we’ve outlined a couple of key things to continue to watch for:
read moreGetting Ready for Retirement Like an “Olympic Athlete”
Are you approaching or have
you recently begun investing
for your retirement? Are you
thinking about what your
financial future might look like
during your retirement years?
Considering we are living
longer than any generation
before us, financial planning
for retirement requires careful
attention and long-term
commitment. As we navigate
through life, our spending
habits and priorities change
year by year.
Being Proactive with Critical Illness Insurance
Critical Illness insurance is a “Living Benefit,” that provides you with a Tax-Free lump sum payment upon diagnosis of a critical illness. It can be purchased to cover you and your family (children between 15days-17 inclusive) for up to 30 qualifying conditions. The coverage is designed to mitigate financial struggles when an individual is unexpectedly diagnosed with a life-threatening condition such as;
read moreBeing Smart with Your Finances Starts with Understanding Your Retirement Plan & Having an Investment Strategy
Being Smart with Your Finances Starts with Understanding Your Retirement Plan & Having an Investment Strategy A pension plan is a valuable component to any retirement plan. If you are participating in a pension plan at work, you should be receiving a pension plan statement at least annually from your pension plan provider illustrating the performance of your pension plan. Read your statement carefully, often it will include an estimate of the projected income you could expect at retirement.
read moreInvesting in TFSA: Is It the Right Tool for Your Future Plans?
The TFSA was introduced to us on January 1, 2009 by the Conservative Government to curb the growing belief that Canadians are becoming inherent spenders, not savers. Since then, the TFSA allows Canadians to contribute in a tax sheltered and ultimately tax-free environment. Any investment growth, interest and capital gains accumulated within the investment are considered effectively “Tax-Free”.
read moreIt`s RRSP Season! | Deadline & Contribution Limit for 2017
Registered Retirement Savings Plan contributions are arguably one of the most beneficial tax deductions available to Canadians.
RRSP contributions for 2016 must be made by March 1, 2017, and they can be done either in advance or to catch up on a previous year’s available contribution room. Here some information on how to reduce your income tax, and learn more about the maximum contribution limits!
Are You Just Getting Started? Financial Tips for Young Canadians
The demographics of Canada are rapidly changing due to the aging Baby Boomers, but what does that mean for the financial wellbeing of other generations, especially Millennials?
We have seen that Millennials are entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of themselves and others. However, unlike other generations, they often start their career with student debt and expensive living costs.
read moreLifetime Surviving Spouse Coverage. Facing the Loss and Easing Financial Hardship
Meghan and Wayne were high school sweethearts and had been together for years before they were married in 2009.
In the year 2014, Meghan decided to get her second degree in early childhood education, planning to be a high school teacher. While she was receiving her full-time education, Wayne was working full-time at a car dealership as a sales representative. The couple didn’t have much savings but they had big hopes for a future.