Category Archives: Group Retirement

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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Add Value to Your Business with a Group Retirement Plan

Many employees are envious of the retirement options available to people that work in the public sector. But private businesses can compete for top employees by recognizing the need for end-of-work planning. Employees need to see a light at the end of the tunnel, just like business owners. It’s time to add value to your…
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Group RRSPs for Canadian Businesses – What You Need to Know

It is no secret there is a huge talent shortage in Canada. Across the industry spectrum there are businesses desperate to hire top producers to replace an aging workforce. In this competitive environment, savvy employers see group RRSPs for Canadian businesses as a big incentive to attract and retain top talent. Here is what you…
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Financial Education in the Workplace

Financial education should be a critical part of our public-school system. While calculus and trigonometry can be important depending on your chosen field, simple financial education is much more relevant to the entire population of young Canadians graduating high-school. Reforming our public education system aside, financial education in the workplace is the next best option…
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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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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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