Canadians are fortunate to have access to public health care services but when accessing these services, there are key health and wellness needs that are not covered by government programs. A significant amount of health care needs are paid for privately. This includes services like dental and vision care, prescription drugs, out-of-country coverage and more. A […]
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What is it? A benefit that will provide dental care to children under 12 years old, who don’t have access to private dental coverage. Who is Eligible? Children under 12 who have no access to private dental coverage. There are additional household income criteria that determines the amount of coverage the child can receive: For […]
What is changing? The federal government will extend EI sickness benefits from 15 to 26 weeks effective December 18th, 2022. What decisions and actions do employers need to take? While there is no requirement to align to the 26-week EI sickness period, employers still have a choice they can make. There are two main paths […]
Providing an Employer Sponsored Savings Plan such as an RRSP or Deferred Profit Sharing Plan improves employee attraction and retention. According to a 2022 survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan, 66% of Canadians would rather have a lower salary and a pension than a higher salary with […]
Covid19 continues to pose questions for employers and HR leaders on how to manage employee leaves and absences related to the disease. In response to this new normal, Ontario made changes to the Employment Standards Act(ESA) to better address the impact on a business and its employees due to Covid19. The government introduced amendments to […]
What is virtual health care? Virtual health care includes any option where the patient does not have to travel to a doctor’s office, clinic or hospital to receive medical treatment, advice or diagnosis. Some health care practitioners provide virtual care over the phone, while others use video chats or text messages to communicate with patients. […]
We’ve seen EAP (Employee Assistance Program) usage jump more than 200% throughout the pandemic. In most years we expect the usage statistics for most plans to be about 8% of the workforce. During 2020, usage spiked for most plans to well over 20% and in many cases over 30%. While EAPs weren’t necessarily designed with […]
You may already have a Benefit Plan in place for your employees. Have you considered enhancing it by providing a Group Savings plan that encourages them to grow financially and plan for their future? Ready to super-charge how you motivate your team? Here are some key points to think about: 1. Saving and saying goodbye […]
UPDATED!!!! April 9th, 2020 If your business needs financial support: Canada Emergency Wage Subsidy: Designed to keep (or recall) employees on payroll, this program will subsidize a portion of your payroll cost. For employers that have suffered a 15% reduction in revenue due to Covid-19 in March 2020 and/or a 30% reduction in revenue for […]
Written by: Alex Sernoskie Employee Benefits Analyst CAPCORP Financial Group Benefits plans can be a large financial commitment, they shouldn’t also leave you open to a large liability. If you have someone on your plan that isn’t eligible then you can be exposed to a heavy liability. The only people that are allowed to be […]
