Our company name change to Simpli Insurance Group

What’s new?

Rudichuk Insurance & Financial Services is excited to announce our company name change to

Simpli Insurance Group.

Our services will continue to include:

  • SGI Auto Issuing
  • General Insurance – SGI Canada, Wawanesa and My Mutual Insurance

(Home; Personal & Commercial Auto; Farm and Business)

  • Health Insurance – Blue Cross and GMS (Travel, Health & Dental)
  • Financial Planning & Investments
  • Life & Disability Insurance

We appreciate your business and the trust you have placed in our company. It is an honor to look after your insurance protection.We are “Simpli” changing our name and still remain committed to serving you in the future.

A bit of history:

Rudichuk Agencies was formed in 1957 by Edward Rudichuk in Reynaud, when he purchased the SGIO Insurance Agency from L.C. McFadden of Basin Lake. Edward then moved to Wakaw and ran the agency until his passing in 1991. His son, Daryl Rudichuk then took over the reins of Rudichuk Agencies. Daryl moved the office in May of 2005 to its present location along Highway #2 in Wakaw.Daryl managed the Agency until his retirement in February of 2013. At that time, the business was purchased by current owners, Laurianne Osmak and Carlyle Sholter.

With this new structure, Laurianne brings in a professional expertise with the addition of Lawton Partners where she offers complete Financial services, Retirement planning and Investment strategies.

As a Certified Insurance broker, Carlyle leads the way in the Insurance side of the business with the support of very qualified team. Carlylehad previously taken over his father’s insurance agency in St-Benedict since March 2011. Tom Sholter had managed this agency for over 30 years.

Then, in May 2016, the town of Bruno warmly welcomed Rudichuk Insurance. Dust Agency was purchased and the new venture for our 3rd location started in Bruno.

On April 7, 2017, Rudichuk Insurance & Financial Services was honored by SGI Canada with an award for 60 years of service. The award was presented to Laurianne Osmak and Carlyle Sholter by Joe Hargrave, Minister of SGI and Andrew Cartmell, Chief Executive Officer and President an SGI Canada.

Then in February 2018, another partnership was created with the Agency in Viscount, when Valerie Schlosser from Schlosser Agenciesjoined our Rudichuk team.

Finally, in May 2018, Simpli Insurance Group was born and allows us to offer services in 4 locations: Wakaw, St-Benedict, Bruno and Viscount.

Thank you to our exceptional staff who always serve our customers in a very professional way.

Our leaders are proud to continue the legacy in a friendly community atmosphere.

2018 Federal Budget Highlights for Business

The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)

Here are the highlights:

Small Business Tax Rate Reduction Confirmed

Lower small business tax rate from 10% (from 10.5%), effective January 1, 2018 and to 9% effective January 1, 2019.

Limiting Access to the Small Business Tax Rate

A key objective of the budget is to decrease the small business limit for CCPCs with a set threshold of income generated from passive investments. This will apply to CCPCs with between $50,000 and $150,000 of investment income. It reduces the small business deduction by $5 for each $1 of investment income which falls over the threshold of $50,000. This new ­regulation will go hand in hand with the current business limit reduction for taxable capital.

Limiting access to refundable taxes

Another important feature of the budget is to reduce the tax advantages that CCPCs can gain to access refundable taxes on the distribution of dividends. Currently, a corporation can receive a refundable dividend tax on hand (known as a RDTOH) when they pay a particular dividend, whereas the new proposals aim to permit such a refund only where a private corporation pays non-eligible dividends, though exceptions apply regarding RDTOH deriving from eligible portfolio dividends.

The new RDTOH account referred to “eligible RDTOH” will be tracked under Part IV of the Income Tax Act while the current RDTOH account will be redefined as “non-eligible RDTOH” and will be tracked under Part I of the Income Tax Act. This means when a corporation pays non-eligible dividends, it’s required to obtain a refund from its non-eligible RDTOH account before it obtains a refund from its eligible RDTOH account.

Health and welfare trusts

The budget states that it will end the Health and Welfare Trust tax regime and transition it to Employee Life and Health Trusts. The current tax position of Health and Welfare Trusts are linked to the administrative rules as stated by the CRA, but the income Tax Act includes specific rules relating to the Employee Life and Heath Trusts which are similar. The budget will simplify this arrangement to have one set of rules across both arrangements.

2018 Federal Budget Highlights for Families

Several key changes relating to personal financial arrangements are covered in the Canadian government’s 2018 federal budget, which could affect the finances of you and your family. Below are some of the most significant changes to be aware of:


Parental Leave

The government is creating a new five-week “use-it-or-lose-it” incentive for new fathers to take parental leave. This would increase the EI parental leave to 40 weeks (maximum) when the second parent agrees to take at least 5 weeks off. Effective June 2019, couples who opt for extended parental leave of 18 months, the second parent can take up to 8 additional weeks, at 33% of their income.


Gender Equality

The government aims to reduce the gender wage gap by 2.7% for public servants and 2.6% in the federal private sector. The aim is to ensure that men and women receive the same pay for equal work. They have also announced increased funding for female entrepreneurs.



Effective for 2021 tax filings, the government will require reporting for certain trusts to provide information to provide information on identities of all trustees, beneficiaries, settlors of the trust and each person that has the ability to exert control over the trust.


Registered Disability Savings Plan holders

The budget proposes to extend to 2023 the current temporary measure whereby a family member such as a spouse or parent can hold an RDSP plan on behalf of an adult with reduced capacity.


If you would like more information, please don’t hesitate to contact us.

Federal Budget 2017: Business

Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for businesses.

Read more

New Tax for 2016 Tax Year

With the tax filing due April 30, we’ve included new tax highlights for the 2016 taxation year.

Family Tax Deductions to Notice

With the tax filing due April 30, we’ve included some tax deductions for families to notice for the 2016 taxation year.

Paying for Medical Expenses

Although we enjoy health care benefits in Canada, there are still some benefits that are not covered by the government. We outline strategies to pay for these benefits.

Year End Tax Tips

Do you have unrealized capital losses? Have you maximized your TESA contribution yet? Have you thought about family income splitting? Can you benefit from the New Canada Child Benefit?