Finuity Blog

What is Critical Illness Insurance?

Critical illness insurance provides a financial lifeline during life’s most challenging moments. If you’re diagnosed with a covered medical condition—such as cancer, a heart attack, or a stroke—it pays out a one-time, tax-free lump sum that can be used however you see...

Key Features of DPSPs: Benefits for Executives

Deferred Profit Sharing Plans (DPSPs) offer a strategic advantage for organizations looking to attract and retain top talent while helping key individuals enhance their retirement savings. As a flexible alternative to traditional pension plans, DPSPs provide tax...

Future-Proofing Your Benefits Package: Trends to Watch for in 2025

As 2025 approaches, staying ahead of employee benefits trends is essential for businesses looking to attract and retain top talent. With workplace satisfaction and retention heavily influenced by benefits programs, companies must adapt to evolving workforce...
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...

Tax Obligations After a Loss: A Guide for Executors

Tax Obligations After a Loss: A Guide for Executors

In the face of loss, executors face the daunting task of managing the deceased's financial affairs, including the crucial aspect of tax filing. This summary, drawn from an insightful Advisor.ca article, provides a guide to help executors navigate these...