Understanding Dividends and Taxation in Canada
Understanding Dividends and Taxation in Canada Dividends are payments made by corporations to their shareholders, representing a share of the company’s profits. These distributions are taxed differently than regular income in Canada. The Canadian tax system uses an integration mechanism to ensure that income earned by a corporation and subsequently paid to shareholders as dividends […]
Whole Life Insurance vs. Universal Life Insurance: Understanding Your Options
Whole Life Insurance vs. Universal Life Insurance: Understanding Your Options When it comes to life insurance, making the right choice can significantly impact your financial future. Whole life insurance and universal life insurance are two popular types of permanent life insurance policies. Each has its unique features, benefits, and drawbacks. Understanding the differences between them […]
Canadian Dental Care Plan
The Canadian Dental Care Plan(CCDP) is a federal government program to provide coverage for Canadian residents who do not have dental benefits. This program is in addition to the already run programs by any government and the benefits of those do not lapse. Benefits will be coordinated between the programs and no benefits will be […]
