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Category Archives: Zavitz Blog

Marijuana and the Insurance Industry

 

Terry Zavitz

Terry Zavitz

With the 2014 changes to the Marijuana for Medical Purposes Regulations, and the recent election of Justin Trudeau who included, as an election promise, to legalize the recreational use of marijuana, it appears the road to a liberalized approach (no pun intended) to the use of this drug is opening up. But what are the repercussions from an insurance perspective? The landscape is much more complex in this regard.

Here’s what you need to know:

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Personal Tax Rates – Are You Paying More or Less in 2016?

Terry Zavitz

Terry Zavitz

One of Justin Trudeau’s election promises was to lower income taxes for the middle class and raise them for the wealthy, an election promise that he has made good on. The federal income tax rate for income between $45,282 and $90,563 was cut from 22% to 20.5% and the rate for income above $200K was increased from 29% to 33%.

The actual savings or cost to you depends on a few factors, but mostly on how much you make and which province you live in. With provincial taxes added, New Brunswick stands on top with the highest marginal tax rate of 58.75%, while British Columbia is the lowest at 47.70%. Ontario falls somewhere in the middle at 53.53%.

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Critical Illness Insurance – Lessen the Impact of Being Sick

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Brendon Dantzer

With the Canadian health care system being accessible and free, many people are surprised by the financial burden a serious illness can create. There are many factors that can lead to financial stress after a diagnosis – time off work, travel expenses, need to modify home or vehicle etc. However, many times it is the actual treatment itself that can be the biggest burden.

With the evolution of medicine, treatment options have progressed and a lot of the new drugs and therapies are not covered by the public health care system, or traditional benefit plans. As a result, many Canadians find themselves in a position where they cannot afford the medicine or therapy they desperately need. It is an unfortunate reality but money still does impact the level of care you get in Canada’s health care system.

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How to Avoid Making $100,000 Mistakes in Your Dental Office Lease – Video

Key Topics Discussed

  • Identify Top Hidden Traps in your Dental Office Lease
  • Determine How Rent is Calculated & If You’re Overpaying
  • Lease Negotiation Tactics & How to Use Them to Lower Costs

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FHO Optimization & Outside Use Strategies – Seminar Video

Key Topics Discussed:

  • Ways to increase income in the FHO Model
  • How to decrease your outside use
  • Ways to protect your practice against MOH changes
  • How the Access Bonus Program Works

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