Category Archives: Group Benefits Blog

Why Financial Literacy is Important for Your Employees in Canada

Financial literacy is important for your employees in Canada, especially this time of year when RRSP season is just around the corner. It may seem obvious to most business owners but consider that many of your employees may not be as financially literate as you are. Employees are the backbone of every successful business, helping…
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Explaining the Different Types of Group Retirement and Savings Plans

In Canada, there are several options to consider when setting up a retirement plan for your employees. In this article we will be explaining the different types of group retirement and savings plans and how they affect the business owner. Registered Pension Plan (RPP) An RPP is set up by the employer and registered with…
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Why Employee-Designed Wellness Programs are More Effective in Canada

Employee-designed plans are built with input from the workforce, they may not actually design the plan but provide valuable feedback that is used to create an effective wellness program. Employee-designed wellness programs are more effective in Canada due to higher usage rates, less work absences and overall higher productivity. The Journal of the American Medical…
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Managing Employee Burnout in the Workplace – Mental Health Strategies

Workplace stress can have long-term negative effects on job performance and overall physical and mental health. Managing employee burnout in the workplace has become increasingly important due to today’s fast-paced business environment. Employees are constantly “plugged-in” and may be unable to effectively manage their stress. Employee burnout can happen quickly and without anyone (including the…
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Why did Jim Pattison, Walt Disney and Ray Kroc Leverage their Life Insurance Policies?

Jim Pattison, Walt Disney and Ray Kroc are all wildly successful in their respective ventures, so why did they leverage their life insurance policies to get started? In short, they achieved “double duty dollars”.  Well-structured permanent life insurance policies not only provide protection, they also build cash values year after year.  Like real-estate (principle residence…
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Federal Election Platforms That Affect Group Benefit Plans

Canada’s federal election is scheduled for Monday October 21st, with less than a month to go each party is rolling out election platforms designed to entice voters. Specifically, we want to focus on federal election platforms that affect group benefit plans. This article is in no way endorsing one candidate or party over the others,…
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How to Increase Productivity with Fitness in the Workplace

Nothing affects the bottom line of your business more than declining employee productivity. Your employees are the most important resource you have, but even the sharpest minds can become lethargic when sitting at a desk for eight hours with no stimulation. Here are some great ideas to increase productivity with fitness in the workplace. If…
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Flexible Benefits Plans Offer Choices to a Changing Workforce

Many readers part of a traditional group benefits plan will agree that the status quo is old, outdated and does not reflect the changes we see in the modern workforce. Flexible benefits plans offer choices to a changing workforce and offer relevant benefits to each individual person. After all, how many millennials are using respirators,…
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Know the Rules of a Health Spending Account

Health spending accounts (HSA’s) are a tax-free benefit that allows employees (and business owners) reduce the cost of medical expenses. We have written extensively on the subject, click here to read more about the basics of a health care spending account. HSA’s are a great tool to provide flexibility for your employees while providing tax-savings…
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