DFG Blog - Dehoney Financial Group

Wondering if Financial Advisors make a difference to the growth of assets?

Financial Advice

A new study confirms financial advisors deliver results for investors.

Two researchers from the Center for Interuniversity Research and Analysis of Organizations (CIRANO), working with survey data gathered by Ipsos-Reid in 2013, set out to measure the impact of financial advisors on asset growth. The study titled, The Gamma Factor and the Value of Financial Advice was released in the summer of 2016 and was most recently shared at a financial industry event in Toronto.

Who hires financial advisors?

Perhaps unsurprising, the research found that people with greater wealth and financial […]

Taxing employer-paid health and dental benefit plans?

UPDATE: Trudeau says that his government will not impose a tax on health and dental benefits.

Global News reported that, during yesterday’s question period in the House of Commons, Prime Minister Justin Trudeau finally answered the question he’s been avoiding for weeks. When asked by Official Opposition Leader Rona Ambrose about whether his government would ask Canadians to pay an additional $1,000 for their health and dental benefits, the Prime Minister answered, “We are committed to protecting the middle class and that’s why we will not be raising the taxes the member […]

Changes to Employment Insurance (EI) Waiting Period Begin January 1, 2017

UPDATE: Changes to Employment Insurance (EI) Waiting Period Begin January 1, 2017

The 2016 Federal Budget introduced significant changes to Employment Insurance eligibility and benefits in response to fluctuating unemployment rates. Most notably, the waiting period for EI benefits, including sickness benefits, has changed from 2-weeks (14 days) to 1-week (7 days). The benefit payment period remains unchanged at 15-weeks of paid benefit.

Impact to Employers of the new EI Waiting Period

If you are an employer who currently coordinates EI sickness benefits with a […]

3 reasons why 2017 won’t be typical for life insurance.

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New taxation rules slow down life insurance product introductions in 2017.

As the end of the year arrives and, with it, the new taxation rules for life insurance, we are starting to receive information on the new life insurance products.

The reasons for the carriers’ slow introduction of new products:

#1. New life insurance tax rules (effective January 1, 2017) were introduced in 2016 to reflect current mortality rates and heightened requirements by the regulators for standardization across insurers and products. These rules replace the current and more favourable tax rules, and have created a tremendous […]