Many Canadians are Not Prepared for a Major Illness – The Advantages of Critical Illness Insurance Life is busy and it’s easy to only focus on the present. Bad things can happen to good people, that’s why we buy insurance for our vehicle and our home, but what about our health. Here’s the truth, you are actually more likely to experience a major health issue than to see your home destroyed. Your health is an […]
Today, there are a variety of ways to save money and several schools of thought to what is most effective. There are even some industry pundits who would weigh in and say that a TFSA, “tax-free savings account” has more value than an RRSP, “registered retirement savings plan”. For sure, there are always situations that favour one scenario over another. In general, however, for the majority of the working population, an RRSP still holds the most value. The simple caveat to this is that the one glaring exception is the self-employed business owner that pays themselves a very low taxable income and is in one of the lowest marginal tax brackets. In that situation since there aren't significant tax savings, a TFSA might make some sense. That said, in my experience if the self-employed individual has such a low income they are unlikely able to contribute to any investments anyway.
Recently I was asked to do presentation at the Toronto Regional Board of Trade. The topic was retaining employees using employee benefits and technology. The topic is very front and center with wellness as the side dish if you will. Today there is much ballyhoo in regards to wellness. Interestingly a recent Sanofi Health Survey reported the top two items employees wanted out of a wellness program were flexible work hours/schedule and healthy snacks available […]
We thought it was important to let all of our advisors know about the actions Johnston Group is taking on this potential issue. As you likely know, the Federal Government is considering eliminating the existing tax exempt status for health and dental benefits in employer based plans. This could lead to significant disruption in the group benefits marketplace as it not only would impact the cost of the existing plans but could also result in […]
Again the Canadian federal government is looking to add to the tax burden of small business in this country. At some point one would hope common sense would prevail. With dividend income equalling regular income and most tax advantages to business owners evaporating, and combined with excessive utility bills, invasive regulations, and a potential carbon tax burden any business owner opening shop in this environment deserves a medal. The thought that those without benefits should […]
It seems Kathleen Wynne is now prepared to take full credit for the proposed CPP expansion. The current retirement legislation began with Mr. Harper’s proposed PRPP which she refused to work with or make acceptable alternate proposals. Her government then tried to force an inflexible, expensive program down the throats of taxpayers and Ontario businesses. She did not listen to industry professionals about logical alternatives including defined contribution and created a very uncertain marketplace hurting […]
9th Annual Tanner Financial Charity Classic When Tuesday June 28, 2016 from 1:00 PM to 9:00 PM EDT Add to Calendar Where Richmond Hill Golf Club 8755 Bathurst Street Richmond Hill, ON L4C 0H4 Driving Directions Please note the correction of the tournament date: Register today to reserve your spot at our 9th Annual Tanner Financial Charity Classic on Tuesday June 28th! Please click on the links below for more information on the tournament and […]
Getting ahead of tax changes that will impact your life insurance Click here to watch a short video to learn about what’s changing and whats not changing and what you should consider doing this year.
Sticky Branding: Create a First Choice Advantage Jeremy Miller Will Be Speaking at The Chambers Plan Spring Meeting 2016 May 31 & June 1 at Westin Blue Mountain Collingwood. Do your clients choose you first? This question is the essence of branding. Branding isn’t about logos, taglines, or colors. Branding is about the bond you form with your clients — a bond where they choose you first. This is what separates average companies from Sticky […]
We are searching for 2 candidates for the position of group benefits sales representative. The candidates should be someone looking to grow a block of business that they can earn ownership in. The opportunity to work with Tanner Financial Services and the Chambers Plan as an exclusive advisor is an outstanding opportunity. Marketing support, office space, technology, supplies, and administrative help provided by TFS. The correct candidates will be someone driven to succeed that enjoys […]
