Blog

The Basics of a Health-Care Spending Account

Health-care spending accounts (HSAs) are gradually gaining popularity in Canada. A 2018 survey found that 33% of employers are offering this unique group benefit option to their employees, compared to 31% in 2017. Some employers are unsure of the difference between this account and a traditional group benefits plan. Here are some of the basics…
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Developing a Unique Group Benefits Package for your Diverse Business

Developing a unique group benefits package for your diverse business can seem daunting given the current employment landscape. Unemployment is down and the competition for top employees is just as important as the competition for new business. Attracting and retaining quality employees is a challenge at the best of times. This is why developing a…
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Spring Cleaning Your Group Benefit Plan

Spring officially starts on March 20th this year, but many people already have the urge to purge and clean up their homes and work spaces. When cleaning the office or workspace, don’t forget about your employee benefits plan! Spring cleaning your group benefit plan should not be overlooked this time of year, simple house cleaning…
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Simple Workplace Wellness Tips for Small Businesses in Canada

Workplace wellness has been a hot topic of conversation in the past few years, this trend will only continue as businesses search for new ways to attract employees and maintain wellness in the workplace. There are a variety of group benefit options available to you to maintain a happy and healthy workforce. Health spending accounts…
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Which Employee Benefits are Taxable in Canada?

It is important to understand your tax position (and the position of your employees) when providing benefits to your workforce.  As an employer, you must report premiums paid for certain group benefits. The value of some benefits is considered taxable, so which employee benefits are taxable in Canada and which ones aren't? Some employee benefits…
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Group RRSPs for Canadian Businesses – What You Need to Know

It is no secret there is a huge talent shortage in Canada. Across the industry spectrum there are businesses desperate to hire top producers to replace an aging workforce. In this competitive environment, savvy employers see group RRSPs for Canadian businesses as a big incentive to attract and retain top talent. Here is what you…
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New BC Payroll Tax Now in Effect

The new BC Payroll Tax, also known as the BC Employer Health Tax, is in effect as of January 1st 2019.  The BC Employer health tax is designed to assist the government in eliminating MSP premiums paid by employees scheduled for January 1st, 2020. Over the next calendar year there will be an overlap for…
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Common Myths about Group RRSPs for Small Businesses in Canada

There has been a long-standing myth in the Canadian workforce that you need to work for a large corporation or in the public sector to secure a comfortable retirement. Group RRSPs for small businesses in Canada were a pipe dream in the past, after all how were they going to compete with the Canadian government…
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Group Benefits 2019 – Building a Culture of Wellness in Canada

When employers value and acknowledge the needs of their employees, productivity and profitability are the results. Of all the group benefit trends anticipated in 2019, a focus on wellness is expected to be a major factor in the Canadian market. Building a culture of wellness in Canada is playing an integral role in the success…
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