Finuity Blog

Why Employers Are Expanding Benefits Plans Beyond Traditional Insurance

Expanding the definition of employee benefits Employee expectations around workplace benefits have evolved considerably in recent years. While traditional group insurance plans continue to play an important role, many employers are recognizing that employees...

Maximizing the Capital Dividend Account (CDA) Through Corporate Planning

Moving beyond the basics of the Capital Dividend Account For business owners who are familiar with the Capital Dividend Account (CDA), the initial focus is often on understanding how it works and when it can be used to pay tax-free dividends. Once that foundation is...

Understanding the Capital Dividend Account (CDA) for Business Owners

A lesser-understood component of corporate planning For many business owners, corporate financial planning involves more than simply managing income and expenses. The structure of a private corporation introduces additional opportunities and complexities, particularly...
Enhancing Benefits to Attract Top Talent in 2024

Enhancing Benefits to Attract Top Talent in 2024

Navigating the Evolving Landscape of Employee Benefits In the fiercely competitive 2024 job market, businesses face the increasing challenge of both attracting and retaining top talent. This task has gone beyond simply offering attractive salaries. The modern...

2024 Tax & Savings Dates & Information

2024 Tax & Savings Dates & Information

Savings/Pensions RRSP contributions: Maximum contribution for 2023: $30,780 Last day for 2023 contribution: February 29, 2024 Maximum contribution for 2024: $31,560 January 1: new RRSP contribution room becomes available for 2024 December 31: deadline to contribute to...

Key Person Life Insurance: Essential Protection

Key Person Life Insurance: Essential Protection

The Essential Role of Key Person Insurance Key person life insurance is an indispensable tool for businesses of all sizes. This insurance, taken out on a key employee or executive, safeguards a company’s operations and financial health against the sudden loss of such...