Category Archives: Group Benefits Blog

Saskatchewan has Reversed the Provincial Sales Tax on Insurance Premiums

In 2017, Saskatchewan business owners were dismayed to learn the provincial government was going to levy the provincial sales tax (PST) on insurance premiums. Which meant employers would see their insurance premiums rise by six per cent under the new tax. This new tax was announced in the 2017/2018 budget and took place on August…
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The Best Health and Dental Insurance for Self-Employed Individuals in Canada

There are many self-employed individuals in Canada, this covers a wide variety of job types. From the most obvious such as doctors, lawyers and accountants; to freelance writers, mobile repair mechanics and comedians. Individuals who work for themselves are a huge part of the Canadian economy, with close the 3 million self-employed people in 2016…
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Managing your Group Drug Plan Costs

Private drug plans are one of the biggest cost drivers to your group benefits plan. Managing your group drug plan costs is key to keeping your overall employee benefits package cost-effective. There are two main costs to consider: Base Drug costs – total drug claims paid that include the pharmaceutical company’s list price, the pharmacy…
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How can Your Business be Competitive in Alberta’s Job Market?

As of November 2017, Alberta’s economy was on pace to grow by 6.7 percent, which is better than any province in Canada. Since Alberta has surged out of the recession with rising oil production, quality employees will be at a premium. So how can your business be competitive in Alberta’s job market? It is probably…
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What you need to know about Group Travel Insurance in Alberta

Group travel insurance in Alberta is an important component of your overall group benefits package. Employees are your most important asset, and ensuring they are protected while traveling is sound asset management. Group travel insurance can also an enticing part of your overall compensation offer as it eliminates the need for your employees to purchase…
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Tax Advantages of Employee Benefit Plans for Your Fiscal Year-End

Employee benefit programs are designed to attract and retain top talent to your company. Having the right incentives will boost employee job satisfaction and retention. When you consider the cost of recruiting and training employees, you realize how much money a long-term productive employee saves you. Compared to an employee who might leave after a…
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Tax-Efficient Employee Compensation – How DPSP’s help Your Small Business

Incentive compensation has long been used to recruit and retain talent while staying competitive in the market place. There are several different options available, it is important to consider which option will help achieve your business goals. For this article we want to focus on tax-efficient employee compensation – how DPSP’s help your small business.…
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