McKellar News and Blog

Statistics Canada Life Tables Update

On January 28, 2020, Statistics Canada released their updated Life Expectancy tables (2016-2018). Changes, if any, from the 2015-2017 tables are minor. We have updated our website and will be updating our mobile apps for the new Life Expectancy...

Prevent Your Estate From Being EATen

As of January 1, 2020 a tax-rate change took effect in Ontario with respect to the Estate Administration Tax (EAT), formerly known as probate fees.  Even with this reduction, thousands of dollars worth of taxes can be generated on an estate,...

Season's Greetings

The Principals, Associates and staff at McKellar wish you all the best for this holiday season. As we close out 2019 and celebrate our milestone 40th anniversary, we could not be more grateful for the support of all our clients. Wishing you...

Structured Settlements Provide the Best Protection in the Event of Marriage Breakdown

We have previously discussed the potential implications of structured settlements in spousal support cases (see our discussion of Hunks v. Hunks). But what are the implications for structure recipients who have child support obligations?  Th...

Mediation FAQ's

For this month’s blog, we spent some time talking to Colleen Weber, Principal here at McKellar Structured Settlements. Colleen works primarily in structured settlement consultation and attends numerous mediations, settlement meetings and plaint...

Are you doing the math?

You may recall our blog from last year, outlining the Financial Planning Standards Council (FP Canada) and Institut Québécois de Planification Financière (IQPF) guidelines for investment projections. If you missed it, you can review it here. ...

The Canada Child Benefit is increasing. Will your settlement cause you to miss out?

Once again, the federal government is increasing the Canada Child Benefit (CCB) to keep pace with the increased cost of living. The maximum amount for a child under 6 increases to $6,639 per year, and $5,602 for children over 6 until they reach ag...

21st Annual Women’s Charity Golf Day

Our 21st Annual Women’s Charity Golf Day was once again a huge success! McKellar is pleased to announce that we have reached $342,825.00 as our 21 year grand total raised for Women In Insurance Cancer Crusade (WICC). Thank you to all of o...

New Statistics Canada Life Tables suggest little change

Statistics Canada released their updated Life Expectancy tables (2015-2017) today. Changes from the 2014-2016 tables are, for the most part, minor. Our website calculator and our mobile apps will be updated shortly. The new life tables w...

Dewitt v. State Farm: Implications for Structured Settlements

In its recent decision in Dewitt v. State Farm Mutual Automobile Insurance Co. (2019), the Superior Court of Ontario has held that a plaintiff is entitled to Statutory Accident Benefits Schedule (SABS) interest of 2% per month, compounded monthly, on...