Here are three of the more common types of professional liability insurance: 1  Malpractice insurance: This coverage is designed especially for medical professionals. It protects against suits that allege negligence or mistakes.
June 28, 2009. Besides regular income tax, federal laws require your employer to collect Social Security and Medicare taxes separately and send in the money to pay for your coverage under these plans. OASDI is the government acronym for Old Age, Survivor and Disability Insurance, better known as Social Security. Pay slip with pen and notebook.
The Old Age Security pension (or OAS or OAS-GIS) is a taxable monthly social security payment available to most Canadians 65 years of age or older with individual income less than $114,815.As of April 2015, the basic amount is $563.74 per month.n March 2012, the Conservative government of Stephen Harper announced in its budget that the age to qualify for OAS would be increased to 67 from 65 starting in April 2023 and phased in over six years. The changes affect seniors born in 1958 or later.