Category Archives: Employee Benefits

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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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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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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Health Spending Accounts and Traditional Health Insurance

There is a lot of confusion in the industry about the different types of group health benefits, what they cost and what is really the best option for a small business owner. The biggest confusion lies in the difference between Health Spending Accounts and traditional health insurance. To understand the difference, we first need to…
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New Details Emerge on the BC Employer Health Tax

As we discussed in our previous article about the new Employer Health Tax, the NDP government announced its new tax would take effect starting 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. The government will be releasing…
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Is Medical Marijuana Included in Your Employee Benefit Plan?

With the legalization of recreational marijuana, business owners and insurers are cautiously exploring coverage for medical marijuana as well. Medical marijuana has been legal since 2001, and Canada is a pioneer in its use for a variety of ailments. However, is medical marijuana included in your employee benefit plan? Should it be and what does…
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