Whether I am busy at work or simply relaxing at home, the one thing that is always by my side is my phone. This is hardly out of the ordinary; over 30 million Canadians currently own a cell phone1. Our handheld devices are now the primary method of communicating with others, entertainment, planning our schedules, and even dealing with our bills.
Most incorporated business owners pay for health and dental insurance coverage one of two ways—personally using after-tax dollars or through a group health insurance plan. Both ways don’t help you save money or provide huge tax savings. If anything, you pay out more than you should for healthcare insurance and related expenses.
According to a new Parliamentary Budget Officer (PBO) report, Canadians are financially treading in deep water with high levels of debt.