Protect & Thrive

There has been an increasing trend in Canadians starting their own businesses, freelancing, or working on contract. As of 2018, the 2.9 million self-employed Canadians represented approximately 15% of total employment*. This shift has been attributed to Canadians seeking more independence, freedom, increased job satisfaction, and a better work/life balance. One thing that can often be postponed or even forgotten is self-insuring themselves. With the increased independence and freedom compared to traditional forms of employment also comes a lack of access to Group Health Benefits and thus the responsibility to self-insure and protect their health, income, family, and business. There may be potential tax advantages for the self-employed with extended health insurance in the form of deducting premiums from the business income. Consult with your tax advisor when filing your income tax return to take advantage of any eligible deductions. We would be happy to connect you with the right tax advisor if you don’t already have one.

*Stat reference:

Solutions we offer the self-employed include:

  • Life Insurance
  • Critical Illness Insurance
  • Disability Insurance
  • Extended Health & Dental Insurance
  • Other customized solutions to protect you and your business