A Guide to Income Replacement Benefits in Ontario
If you’ve been injured in a motor vehicle accident in Ontario and are unable to work, you may be entitled to Income Replacement Benefits (IRBs). These benefits are designed to provide financial support while you recover, helping you cover essential living expenses. However, navigating the claims process and ensuring [...]
Is Long-Term Disability Income Taxable in Ontario?
For many Ontarians, long-term disability (LTD) benefits serve as a financial lifeline when an injury or illness prevents them from working. However, a critical question that often arises is whether these benefits are considered taxable income. Understanding the tax implications of LTD benefits is crucial for financial planning and [...]
