Insights

The past year has been anything but ordinary. You, like many Canadians, may have received benefits from CERB, so it's important to understand how it affects your income tax return. Before You Get Started Creating a CRA account is a great way for you to easily handle your tax and benefit affairs online. By creating an account, you'll have access to digital services that simplify your tax-filing experience, such as the œauto-fill my return tool, Express NOA and email notifications. You will also

Keeping you and your family safe is always our top priority. As online threats such as ransomware attacks and data breaches continue to grow in frequency and severity around the world, NFP works to keep you protected. DigitalShield is a proprietary personal cyber product - the first of its kind - providing best in-class coverage. We have taken eight lines of potential cyber concerns - cyberattacks, ransomware, identity theft, cyber crime, smart devices and wearables, cyber bullying, reputation

The importing process for commercial goods will begin to be modernized over the next few months with the implementation of CARM, the Canada Border Services Agency's Assessment and Revenue Management online tool. NFP are trusted advisors working in collaboration with the trade community, custom brokers and importers participating in discussions with CBSA on this initiative. CARM aims to reduce the cost of importing into Canada by transforming and modernizing the importation process. The Governme

DigitalShield is a custom-made personal cyber product providing best in-class coverage. With the digital landscape continually evolving, NFP is committed to helping you stay protected from online risks. That's why DigitalShield encompasses eight lines of potential cyber concerns into one all-inclusive, cost-efficient option. Here is a breakdown of each coverage in this unique product. Cyberattacks Keeping your precious photos, videos and information in your hands is key, and we will do everythi

Canadians should be on the lookout for tax scams as April 30 approaches and tax season draws to a close. Recent statistics from last year's tax season show about 55 Canadians a day were victims of a tax scam. Throughout the 2020 fiscal year, Canadians reported: 69,411 cases of fraud 41,007 victims of fraud $107.5 million lost to fraud There are a variety of scams and frauds happening in Canada with new ones invented daily. Being able to identify them is the first step in not becoming a victim

Free money is hard to come by these days. Thankfully, workplace retirement/savings plans are one of the few places where free money is still available. Around 50 per cent of working Canadians are offered group retirement saving plans through their employer in various shapes and sizes. The most common plan type is a defined contribution plan, which includes defined contribution pensions plans and registered retirement savings plans. The defined contribution plans have surpassed the more tra

Condo living is a standard practice across most urban centres in Canada and its popularity continues to grow across the country. The Insurance Bureau of Canada (IBC) recently had a survey to gauge how well condominium unit owners in Quebec understand their insurance and results indicated more awareness around the topic is needed. Of the respondents, 19 per cent said they said that they didn't know that two insurance policies cover condos. These two policies include the unit co-owners own condo

Real estate Insurers have historically treated and responded to real estate risks very methodically with fire damage being the main source of loss. This made insuring against property damage easier and more predictable. That's all changed in recent years since water replaced fire as the key source of loss -- making it increasingly difficult for insurers to write policies that effectively mitigate risk. Because of water's fluid nature, insuring against water damage becomes particularly challengi

Buying a boat is a great way to get out on the water and soak up some sun during the summer.