by adminaccountantcpa | Mar 3, 2021 | Small Businesses, Tax Information
A Health Spending Account (HSA) is a self-insured health plan which can be arranged by employers for their employees. Small business owners spend a considerable amount of money every year on medical expenses for themselves and their employees. An HSA offers an...
by adminaccountantcpa | Jan 1, 2020 | Tips
Here are our tips on making 2020 a successful financial year. 1. Setting Goals that Matter to You Everyone’s financial situation is different so naturally your financial goals will be different as well. Take a few minutes to ponder what you would like to achieve this...
by adminaccountantcpa | Mar 14, 2019 | Retirement Saving
Previously the Old Age Security (OAS) benefits were automatically paid to eligible recipients when they reached 65 years of age. In 2013 the government gave recipients the option of deferring these payments for up to 5 years. This results in an increase in the monthly...
by adminaccountantcpa | Mar 6, 2019 | Retirement Saving
Why are these changes needed On January 1, 2019, the Federal government started making enhancements to the Canada Pension Plan (CPP). These changes are being made to cope with the increasing number of people who will be retiring in the future without any savings....
by adminaccountantcpa | Jan 24, 2019 | Retirement Saving, Small Businesses
An IPP is a registered and defined-benefit (DB) pension plan which is usually set up for one person. It provides an added benefit for high-level executives and incorporated business owners. IPP’s are approved by the Canada Revenue Agency (CRA) and offer great savings...