Long Term Care

Long Term Care Facts.

The average cost of long term care facilities are:

  • Private $995 – $3,500/month
  • One bedroom suite $1,595 – $5,400/month

Home care costs:

  • Home Meal Prep $16.50-$36.95/hour
  • Personal Care (bathing/dressing) $15.00 – $36.95/hour
  • Skilled Nursing $35.00 – $75.00/hour

Did you know that your chances of living to 100 years old are better than ever? While living a long life may be seen as a great gift, we also need to be prepared financially to pay for their future long-term care needs.

Long-term care insurance provides financial protection should you become unable to care for yourself.

  • Plan ahead
  • Understand what you would like in your later years.
  • Determine the type of Long Term Care Plan that fits your needs.

Insure Right

Insure right is a tool to use in order to see what amount of insure is correct for you. This is independent of an carriers offering insurance. In our opinion, over insuring is not good money management nor is under insuring your self. Use this tool to see what you need, your information is for your eyes only.

Request a quote

Get a quote for life, disability or critical illness insurance.

Latest News

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Personal Tax Planning Tips – End of 2020 Tax Year

To help our clients, we’ve put together a comprehensive article filled with great tips on how to get ready for 2020 tax season. Here’s a summary of our personal tax tips article: • Details about the different COVID-19 benefits programs and the tax ramifications of them • Information about family tax issues including the Canada Child Benefits and tips on how to split income. • Managing investments. Details about contributing to various savings plans such as a TFSA, RESP, or RDSP. Also tips on how and when to donate to charity and how to time the purchase or sale of investments. • Retirement planning. How to make the most of your RRSP, things to know if you’ve turned 71, and tips on RRIF conversion.
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Applications for the new Canada Emergency Rent Subsidy starts today!

The new Canada Emergency Rent Subsidy is open for applications today! Unlike the previous program, this subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords. CERS covers up to 65% of rent for businesses, charities and non-profits impacted by COVID-19. An additional 25% Lockdown Support is available during a public health lockdown order.
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The Difference between Segregated Funds and Mutual Funds

Segregated Funds or Mutual Funds? What's the difference?
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Applications for Canada Recovery Benefit now open!

The Canada Recovery Benefit (CRB) is now open for applications. If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period. If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
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New Canada Emergency Rent Subsidy | Wage Subsidy extended | CEBA additional $20,000 loan

Great news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.
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Applications for Canada Recovery Sickness Benefit and Caregiving Benefit starts today!

Starting October 5, 2020, the Government of Canada will be accepting online applications for the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB).
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Accessing Corporate Earnings

One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Please contact us to learn how we can get more money in your pocket than in the government's.
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Throne Speech: Recovery Plan Highlights

On September 23rd, in a speech delivered by Governor General Julie Payette, Prime Minister Justin Trudeau outlined the Federal government's priorities.
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CEBA extended to October 31st. Expanded to include more businesses.

On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan. In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.