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Yan Zhou (周艳) · Licensed Life & Health Insurance Agent, Financial Services Regulatory Authority of Ontario (FSRA) Last checked 11 August 2026 · figures read from the CRA and Ontario government websites The short version A CRA letter demanding repayment of a pandemic benefit is a decision, not the final word. Two real cases: ,600…

Yan Zhou (周艳) · Licensed Life & Health Insurance Agent, Financial Services Regulatory Authority of Ontario (FSRA) Last checked 11 August 2026 · figures read from the CRA and Ontario government websites The short version An RRSP defers tax, it does not cancel it. What you save is the difference between your rate now and…

Yan Zhou (周艳) · Licensed Life & Health Insurance Agent, Financial Services Regulatory Authority of Ontario (FSRA) Last checked 11 August 2026 · figures read from the CRA and Ontario government websites The short version Visiting parents have no route to OHIP. Without insurance, every bill is theirs. Ontario ward rates are published: $3,058 a…

Yan Zhou (周艳) · Licensed Life & Health Insurance Agent, Financial Services Regulatory Authority of Ontario (FSRA) Last checked 11 August 2026 · figures read from the CRA and Ontario government websites The short version Over-contributing to a TFSA costs 1% a month on the excess, every month until you take it out. The penalty…

Yan Zhou (周艳) · Licensed Life & Health Insurance Agent, Financial Services Regulatory Authority of Ontario (FSRA) Last checked 11 August 2026 · figures read from the CRA and Ontario government websites The short version Group cover and mortgage insurance are both useful. Neither usually replaces your own life insurance. Mortgage insurance pays the bank….