Highlights from the Ontario Budget 2018

On March 28, Finance Minister Charles Sousa announced the Ontario 2018 budget. With a provincial election scheduled for June, the initiatives announced are likely dependent on the current government being re-elected. Here are a few highlights that may affect group benefits: 1. Expansion of OHIP+ to seniors 65 and older – August 2019 OHIP+ expands to include […]

Demography influencing inflation and interest rates

The fertility rate in industrialized countries dropped in the early 1970’s, while at the same time, life expectancy increased steadily. As a result, there are fewer working-age people to support the dependent consumer portion of the population, those under age 15 and over the age of 65. This shift in balance between those who produce and those[…..]