Group RSP and Group DPSP Every company's greatest asset is its employees. Whether you are a one-person consulting firm or a 1000+ national tech and computing software company, all employers wish to attract, retain and motivate the best in the industry, no matter the role. A motivated, loyal and...
Read PostCOVID-19 vaccines for all British Columbians
Author: Pacific Blue Cross What you need to know about BC’s COVID-19 vaccination plan As BC’s number one health benefits provider, our mission is to improve health and wellbeing for all British Columbians. Because we provide health benefits coverage to over 1.6 million people in the...
Read PostHow Does an HSA Work And How Does This Compliment My Benefit Plan
What is an HSA account? An HSA (Private Health Services Plan) is a Canada Revenue Agency approved method to provide medical, dental and vision benefits in a tax efficient manner. A corporation can write off 100% of the costs related to its HSA. All expenses reimbursed are tax‐free to the...
Read PostTurn Your Personal Medical Expenses into 100% Corporate Tax Deductible Expenses
One of the most common questions we ask business owners is, “How do you pay for your personal medical expenses that are not covered by your benefit plan?” 95% of the time, the response we hear is, “out of my personal pocket”. As soon as we hear that, we know we can save that person a...
Read PostPotential Gaps in your Long Term Disability (LTD) Group Benefits Plan
1. Length of Coverage: The key in designing a group benefits plan is to help you understand and allow access to the full amount of coverage that you need and pay for. Though long-term disability (LTD) is extremely valuable, the insurance may have constraints, such as, you may be able to claim LTD...
Read PostTop 6 Tips To Manage Your Group Benefits Plan
Why Is It Important to Provide Group Benefits? Glassdoor did a survey which significantly (79%!) determined that employees prefer group benefits over a salary increase. The most valued insurance coverage, in this study, were comprehensive health benefits; health benefits include prescription...
Read PostWhy Great Employees Leave
We all know how costly employee turn-over is and how detrimental it can be to any business. So, how do we reduce the number of employees who leave? First, we have to understand why employees leave. A common phrase, heard by many managers, when an employee leaves is, “I just couldn’t turn...
Read PostMedical Cannabis in the Workplace
With the government changes quickly coming for the legalization of cannabis, the topic of medical cannabis has become an increasingly popular topic within the group benefits world. Medical Cannabis – Group Benefits Plan: Despite the imminent legalization of cannabis in Canada, a large...
Read PostAdvisors Help: What I can do for You
Advisors Help: What I can do for You Executive Summary As an Advisor, I am consumed with finances on behalf of my clients. They have entrusted me to prepare them for retirement, preserve wealth, generate income and minimize taxes. The number and variety of activities that I perform each day...
Read Post5 Reasons to Add a Benefit Plan
5 Reasons to Add a Benefit Plan 1. Helps attract key employees. It's now a necessity for employers in today's work force to be competitive in the pursuit of talent. Employee Benefits Plans play a key role in attracting and retaining employees. 2. Keeps employees satisfied. Employee Benefits Plans...
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