HealthPlus is a Private Health Services Plan. Used by thousands of business owners across Canada, a PHSP enables the business to deduct 100% of the family’s health and dental expenses incurred by themselves and their employees as a business expense. One of the great benefits of our plan is that it gives you the freedom […]
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Whether you’re an employee or self-employed, you are required to contribute to the Canada Pension Plan (CPP), recently you may have noticed that the amount you’re required to contribute has been slowly climbing. What many don’t know, is that there is a second stage of the Canada Pension Plan (CPP) expansion, which entails further increased […]
What is it? As of March 31, 2023, the province will begin to transition Ontario Drug Benefit (ODB) recipients on certain reference biologic drugs to an approved biosimilar version. Biosimilars are biologic drugs that enter the market after the patents or data protection rights for the originator biologic expire, have similar effectiveness, safety, and quality […]
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 […]
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 a Retirement 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 no […]
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 […]
