Blog

Does your Business Appeal to Millennials?

Millennials are defined as anyone born between 1980 and the year 2000, or anyone drinking a kale smoothie while driving an electric car. What you may not realize is that millennials will make up 50% of the global workforce by the year 2020. This generation will quickly become the trend-setters and most influential portion of…
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Just how dated is your Employee Benefit Package?

Is your employee benefit package looking old, outdated and inefficient? If you are currently offering a traditional employee benefits package that considers all your employee’s needs the same, it may be time to take a more modern approach to employee retention. To start, you should consider one of the many flexible benefit plan options available…
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Out of Country Coverage for your Employees

As a Canadian employer, one of your concerns should be the financial well-being of your employees. After all, employees are much more productive when they aren’t concerned about their personal finances. Work/life balance is also a key component of employee retention. Your employees need to take vacations and travel in order to remain focused when…
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Using Life Insurance to Fund a Buy-Sell Agreement

Just like each individual should have a Will to distribute assets according to their wishes, every business should have a shareholder agreement, also referred to as a buy-sell agreement. A buy-sell agreement provides for the transfer of ownership in case of death, disability, retirement or disagreement. This agreement will help avoid potential disruptions in the…
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Why You Should NOT Market your Benefit Plan

Many business owners make a point of reviewing their employee benefits plan every couple years or so. This involves engaging brokers and consultants and pitting them against each other to see who presents the best options from other insurers. This is normally done in an attempt to reduce costs, but in the end it can…
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Group Retirement Education

Financial Literacy and Group Retirement Education for your Employees Studies have consistently shown that over 55% of the Canadian workforce is stressed about money. Over 40% of Canadians say that money stress affects their productivity at work. Which makes sense when you consider that 42% of Canadians lack basic financial literacy. High school graduates in…
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Why you need to Outsource your Group Benefits Administration

Outsource Your Group Benefits Administration Managing employee benefits is a difficult task with the ever changing landscape of group benefits. Delivering competitive and cost effective benefits to your employees is a key requirement to any business that wants to attract and retain top talent. However, administrating a group benefits plan is time consuming and confusing,…
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Legislation Changes for Corporate Life Insurance

Life insurance has been used as a tax efficient method of accumulating cash for some time now. However, there have been several legislation changes for corporate life insurance that you should be aware of. These new rules will reduce the amount of cash that can be tax sheltered within a life insurance policy. These new…
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Integrating Benefits, HR and Payroll in One Cloud Based Solution

The sophistication and intuitiveness of technology today is amazing, however, it wasn’t that long ago that carbon paper was the leading edge of information sharing technology. It was a big time saver and changed the way we share information, just as software has changed the way we operate our businesses (and lives) today. Integrating benefits,…
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Life Insurance as a Charitable Gift

What are the benefits of life insurance as a charitable gift? Life insurance as a charitable gift means you are naming a charity as both the owner and beneficiary of the policy. Many charitable organizations have taken advantage of this form of long-term funding in order to prepare for the future. What are some advantages…
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