Employee Benefits

Plan Administrators – An Ever expanding Role! A Plan Administrators’ responsibilities will vary depending on the complexity of the benefit plan, however, even the simplest of plans place the burden of proper enrollment and exit procedures on the shoulders of the plan administrator. Checklists for the enrollment process and termination process are critical to ensure…

Mortgages

  Beware of Collateral Mortgages – Watch what is in the fine print! Most consumers know their mortgage rate, term, amortization and mortgage payment. Most would not know if their mortgage is a conventional or collateral mortgage, as this is buried in the fine print. A collateral mortgage registered on your home is usually for…

Investments

Self-Directed RRSP’s – An option you should consider   A self-directed RRSP is a  type of Registered Retirement Savings Plan (RRSP) whose owner determines the asset mix held in the trust (your RRSP Account) A Regular RRSP is: a Canadian retirement savings vehicle to which contributions are tax deductible on an annual basis, up to a certain amount.  Typically…

Insurance Solutions

What type of insurance is the best? There are two main types of insurance and insurance can be used to solve many problems from simple mortgage insurance, income replacement in the event of death and many estate planning issues. A good life insurance advisor will ask many questions to determine what type of life insurance…