As a business owner, your employees are your greatest asset. You strive to provide them with the best support possible, including comprehensive healthcare benefits. However, when it comes to mental health, traditional insurance plans may fall short. That’s where a Healthcare Spending Account (HSA) steps in, offering a powerful solution to bridge the gap and […]
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Benchmarking is the practice of comparing a company’s business processes, performance metrics, or offerings to those of other businesses, especially the best practices from industry leaders or direct competitors. In the context of Employee Benefits and Group Savings, benchmarking involves analyzing the benefits and savings plans that your organization offers against what other companies in […]
Earlier this year, the government shared its progress on the Canadian Dental Care Plan (CDCP) The CDCP will be available to Canadians with an annual family income of less than $90,000 who do not have dental benefits. Co-pays will be waived for eligible Canadians with a family income of less than $70,000. Canadians who have […]
FINANCIAL SECURITY & PEACE OF MIND Most Canadians worry about their retirement savings and struggle to save. An employer that delivers on these two concerns lowers the collective stress of its workforce. Employers rest with the knowledge that long-term employees can retire well and at a healthier age. HIGHER ACCOUNT BALANCES Low management fees lead […]
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 […]
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 […]
