How is the self-employment income calculated under the SABS?

The claimant was earning the annual income of $150,000.00 during the last fiscal year before the subject motor vehicle accident.   $150,000.00 (gross employment income –> a self-employed person may designate his gross employment income from the last fiscal year of the business that ended before the accident as his “gross annual employment income.”) –   … Read More

About FSRA (The Financial Services Regulatory Authority of Ontario)

FSRA was established to replace the Financial Services Commission of Ontario (FSCO) and regulates the following sectors: Property and casualty insurance Life and health insurance Credit unions and caisses populaires Loan and trust companies Mortgage brokers Health services providers (related to auto insurance) Pension plan administrators Financial planners and advisors (proposed) 2. Regulations by the … Read More

The court tossed the action for the denied Long Term Disability Benefits.

Hutton v. The Manufacturers Life Insurance Company, 2019 ONSC 279 – The plaintiff, Ms. Hutton has sued the defendant Manufacturers Life Insurance Company for denial of Long Term Disability Benefits (LTD) under an insurance policy issued by the defendant contracted by the plaintiff’s employer, Quinte Health Care (“QHC”).  However, the plaintiff was bound by the … Read More

Why do you need to read and understand the policy of your disability benefits insurance companies?

While your disability benefits insurance companies are to pay your short-term and long-term disability benefits until you cease to be disabled, your policy contains the definition of disability and duration of your benefits.  Here are examples of how the policy of disability benefits insurer is laid out: CIGNA Life Insurance Company of Canada (from Moore … Read More

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