Blog

Why You Need a Lifestyle Spending Account

A Taxable Spending Account (TSA), also referred to as a lifestyle spending account, is an effective solution for enhancing your core group benefit plan. A TSA functions as a personal health and wellness account for plan members, serving to attract top talent by offering coverage for services not normally covered under a standard group benefits…
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Understanding Employee Benefits Technology

Keeping up with technology has become a necessary component of growth in any industry. The same applies to employee benefits technology. New tools, devices and online platforms make it much easier to administrate an employee benefits plan, compared to the recent past. For the younger generations who are constantly online and using mobile devices, implementing…
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Synchronize your Corporate Culture and Employee Benefits Strategy

Your corporate culture and employee benefits strategy should align to reinforce your core values and business objectives. Many business owners view their employee benefits plan solely as a means to attract and retain top talent. While this is true, the structure and content of a benefits plan can be designed to reflect a company’s corporate…
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Paramedical Services – Are they Valuable?

Paramedical services are generally defined as services provided by professionals not in the public health system, i.e. not a doctor. These services include chiropractic services, physiotherapy, massage therapy, naturopathy, acupuncture, etc. Paramedical services such as these require a certified professional to perform the service, then provide an insurance receipt for reimbursement from an employee’s group…
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Should You Take Out an RRSP Loan this Year?

It’s that time of year again, RRSP season is upon us which means someone somewhere will talk to you about taking out an RRSP loan. Likely it will be the 16 year-old bank teller who will try and set up an appointment with an investment advisor in the bank. We all know how beneficial RRSP’s…
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New Year – New RRSP Season

The New Year is fast approaching, which means your local gym will be filled to capacity, chocolate sales will decline and the beginning of a new RRSP season will be upon us. The deadline for RRSP contributions (for the 2015 tax year) is February 29, 2016. Essentially 60 days into the New Year. You are…
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Vancouver Employee Benefit Plans

Vancouver Employee Benefit Plans What makes Vancouver employee benefit plans so important to your company’s bottom line? Rarely do we stop to wrap our minds around the tremendous impacts on productivity and the bottom line caused by a valuable team member being forced to miss multiple days at the office. Lost days are often due…
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Group Retirement Benefit Plans – Why You should Offer Them

As a follow up to our previous article on Group Benefits, we wanted to dive into the wonderful world of group retirement benefit plans. Any quality benefits package will include a comprehensive retirement plan as well, however many business owners in British Columbia, Alberta and Saskatchewan still do not have a decent group retirement option.…
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Why Should Small Businesses Offer Employee Benefits?

Why Should Small Businesses Offer Employee Benefits? You own a small business and employee benefits may be the last thing on your mind. Or perhaps you have considered offering employee benefits but there may be obstacles that stand in your way. So why should small businesses offer employee benefits? Let’s start with two main reasons…
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Advantages of Corporately Owned Life Insurance

What is corporately owned life insurance? Simply put it is a life insurance policy that is owned by an incorporated business instead of an individual. It has several purposes, the most common being the protection of a profitable business from the death of the owner or key employee. Corporately owned policies can also be used…
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