We calculate your fee daily so that we can accurately account for deposits, withdrawals, and market fluctuations that occur. We then total the fees from those daily calculations each month. This especially matters for accounts that are charged the annual fee: the actual fee is prorated, charging...
Employment Insurance premiums: Normally, you deduct EI premiums from employees' pay on each dollar of insurable earnings up to the yearly maximum. The employer's EI contribution is 1.4 times the EI premium withheld for each employee (but you may qualify for a reduced rate if you offer your e...
Consideration:This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file aninsurance claim. This means that each party to the contract must provide some value to the relationsh...
If your spouse has a high income and you don't have any children, maybe it's not warranted. It is still essential to consider the impact of your potential death on a spouse and consider how much financial support they would need to grieve without worrying about returning to work before th...
CPP contributionsare recorded in boxes 16 and 17 on the T4 slip. Pensionable earnings are used to calculate the amount of CPP contributions due to the CRA. It’s important to remember thatCPP contribution rates, maximums and exemptionsare updated annually. With that in mind, always check for...