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Category Archives: Zavitz Blog

The 2015 Federal Budget – Changes, Impacts and Who It Helps Most

Samantha Way

Samantha Gowers

What is the federal budget, and how will this year’s budget affect you? The Federal Budget is presented annually to identify planned government spending, expected revenue and addresses any changes to taxes and programs. With the 2015 budget announcement, there were a lot of changes that will impact Canadian’s of all ages, though some may feel the changes more than others.

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Are Life Insurance Proceeds Subject To US Estate Tax?

Terry Zavitz

Terry Zavitz

 

It is possible that life insurance proceeds can be subject to US estate tax regardless of whether the life insurance is issued by a Canadian or US insurer, even if you are not a US citizen.

Canadian citizens or residents, who are not US citizens or resident aliens, whom own US-situs assets can be exposed to US estate taxes. US-situs assets include tangible property such as:

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What are the differences between a TFSA and an RRSP?

TFSA vs RRSP

 

A very common question we hear from our clients is: should I have an RRSP (Registered Retirement Savings Plan), a TFSA (Tax Free Savings Account), or both?  

To help address this question this blog will discuss how far $1,000 will go when you’re comparing a Tax Free Savings Account and a Registered Retirement Savings Plan, and which option is best for you.

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The 5 Stages of Care as We Age

Samantha Way

Samantha Gowers

Usually when you envision your retirement you think of trips to exotic countries, spending more time with your family, or getting around to reading that book you always said you would… but what do the later years look like?

Click to Watch Video:

The-5-stages-of-care

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How Should I Handle a Disabled Employee and Termination of Benefits

Termination of Disability Benefits
Terry Zavitz

Terry Zavitz

If an employee is off work for two years due to a disability, should the employer terminate benefits if there is a company policy that states benefits will be terminated for an employee on leave longer than two years? The points to consider and a review of relevant legal cases was the basis of the webinar presented by Empire Life last month, with speaker George Vassos LLB of Kuretzky, Vassos and Henderson from Toronto.

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