www.TAX FREE MONEY. info
Getting the most tax free dollars from your Group and 
Corporate Insurance Program
Ken Armstrong 
Insurance & Financial Services
Milton, Ontario 
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Are you a self employed, or small business owner, with no group benefits??
Increase your Disability income from $400/week to $1,000/week!!

For virtually pennies a day you increase  your disability income, health care, home care, death benefits in the event of an auto accident.
Contact your Auto Insurance Broker and ask about extra coverage you can buy on Accident Benefits on your auto policy.
If you use your car/truck for business, your premiums are tax deductible,(you need only to increase on one vehicle)  and all these benefits if paid are Tax Free Income.
If you only have long term disability coverage which may not kick in until after a 4 months waiting period it can still be worthwhile purchasing coverage.
In Ontario we have "no fault" auto insurance so unless you have a threshold claim you may not have the right to sue for loss of income.in excess of the standard benefits of $400 per week.

Your Ontario Auto Insurance Policy in pdf format                                                                                               Canadian Auto Insurance Provincial Plans

Medical payments: $100,000/person ($1-million if injury ‘‘catastrophic’’), including rehabilitation, excluding health insurance plans; attendant care $72,000 ($1 million if injury ‘‘catastrophic’’). Increase in coverage available to $1,000,000
Funeral expense benefits: $6,000 Increase in coverage available to $8,000
Disability income benefits: 80% of net wages up to $400/week, $185/week for those not employed (104 weeks maximum; longer if victim is unable to pursue any suitable occupation); 7-day wait for employed persons, otherwise 26 weeks.  Increase to either $600-$800 or $1000/Week
Death benefits: Death within 3 years; $25,000 for spouse, $10,000 for surviving dependant or for loss of dependant.  Increase to $50,000


Extra Coverage You Can Buy –Accident Benefits
You can choose to increase your maximum level of coverage for accident benefits. Such additional, or
“top-up” benefits, include: an optional income replacement benefit, an optional medical, rehabilitation
and attendant care benefit, an optional caregiver and dependant care benefit, and an optional death and
funeral benefit.
You can buy any or all of the optional benefits described below. You can also buy indexed accident benefits, which
are kept in line with the Consumer Price Index. Check to see if you have benefits available to you at work
or elsewhere, so that you are not paying for coverage you already have. If you are covered by these benefits
elsewhere, you may not need to buy optional benefits.
Your broker, agent or insurance company can help you to decide which, if any, optional benefit you may require.

Here’s a brief description of each of the benefits.



Income Replacement Benefits
If you become disabled as the result of a car accident, you may be eligible for weekly income replacement benefits
of up to $400. If this may not be enough to cover your current income level, you can buy optional income
replacement benefits to increase your maximum weekly protection to $600, $800 or $1,000.


Medical,Rehabilitation and Attendant Care Benefits
The standard maximum amount for medical andrehabilitation expenses, such as physiotherapy, chiropractic
treatment, dental expenses, etc., is $100,000. If you are catastrophically injured, the maximum is $1,000,000. The
standard maximum for attendant care is $72,000. If you are catastrophically injured, the maximum is $1,000,000.
You can buy optional benefits which will cover up to$1,000,000 in additional medical, rehabilitation and
attendant care expenses, and up to $2,000,000 for catastrophic injuries.
Caregiver Benefits
If you are providing care full-time to dependents and are disabled as the result of a car accident, you are eligible for
caregiver benefits. The standard maximum amount for caregiver benefits is $250 per week for one dependant,
plus $50 per week for each additional dependant. If you buy optional caregiver benefits, the coverage increases to $325
per week for one dependant, plus $75 per week for each additional dependant.
Dependant Care Benefits
You can only claim optional dependant care benefits if you are employed at the time of the accident and you
have to pay for childcare expenses as a result of the accident. Optional dependant care benefits cover up to
$75 per week for the first dependant and $25 for each additional dependant.

Death and Funeral Benefits
In the event that you die as a result of a car accident, the standard amount which will be paid is $25,000 to your
eligible spouse, $10,000 for each dependant, and a maximum of $6,000 for funeral expenses.
If you buy optional benefits, you can increase these amounts to $50,000 to your eligible spouse, $20,000
for each dependant, and $8,000 for funeral expenses


Right to sue for pain and suffering? Yes, if injury meets verbal threshold; deductible applies. Lawsuit allowed only if injured person dies, or sustains “permanent serious” disfigurement and/or impairment of important physical, mental or psychological function; the court is directed to assess damages, then deduct $15,000 ($7,500 if Family Law Act claim).
Right to sue for economic loss in excess of no-fault benefits? Yes. Injured person may sue for 80% of net income loss before trial, 100% of gross after trial; also for medical, rehabilitation and related costs when injury is catastrophic.