News

Prescription Drugs for Ontario Children

Effective January 2018, all Ontario Children under the age of 24 will receive free prescription drug coverage.  The prescriptions covered will include all drugs currently listed on the Ontario Drug Benefit (ODB) plan which totals approximately 4,400 prescriptions. It is important to note this does not replace prescription drug coverage offered through an employer sponsored […]

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How Much Should I Spend on Benefits?

As a benefit specialist we are regularly asked by employers, who are looking to implement a new benefits plan, “how much should I spend”?  There are many anecdotal responses, driven from historical facts, however in my opinion the right answer is, how much can you afford to spend? The needs for a benefits plan can vary depending […]

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Western Regional Advisory Drug Forum

Read about what our Western Benefits Alliance Group partners have been doing at the Western Regional Advisory Drug Forum.  This is in the September 2017 issue of the Benefits and Pensions Monitor.  Keep up the excellent work! 5.C.1 Western Regional Advisory Drug Forum Article (1)

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Proposed Small Business Tax Changes

This article was taken directly from the Globe and Mail. The overview Mr. Morneau announced in the budget back in March that the Liberals have not been pleased with some Canadians who are using corporations in their tax planning, and that changes would be made. The claim is that certain folks are using corporations to […]

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Trillium changes pushed back as Ontario seeks ‘further learning’ about co-ordination

Changes originally scheduled for September, impacting the Trillium Drug Plan, have been pushed back while Ontario seeks further clarification about co-ordination of benefits with Private Insurance Plans. http://www.benefitscanada.com/news/trillium-changes-pushed-back-as-ontario-seeks-further-learning-about-co-ordination-100136?utm_source=EmailMarketing&utm_medium=email&utm_campaign=Daily_Newsletter

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Richard published in “smallbiz Advisor” magazine again!

Check out my recent submission in the smallbiz advisor magazine, discussing some of the challenges related to small businesses and Pension/RRSP. http://www.smallbizadvisor.ca/group-retirement/advisors-can-help-employers-prepare-their-staffers-for-retirement-5043?utm_source=EmailMarketing&utm_medium=email&utm_campaign=Newsletter  

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Prescription Drug Benefits for Children & Youth Under age 24 in Ontario

The Province of Ontario will now cover prescription drugs, currently listed on the Ontario Drug Benefit program, for children and youths under age 24 starting in 2018.  It is quite likely this will have an impact on group benefit plans renewing next year. The final design and eligibility requirements of this program are still to be finalized; […]

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2016 RRSP Deadline

The RRSP deadline for 2016 contributions is March 1, 2017.  Make sure you get your contributions in before then!

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Federal Government- Taxable Benefits

The Federal Government is proposing to make premiums paid by a business for health and dental plans taxable income to employees.  This will have a direct impact on a businesses ability and willingness to offer this protection to their employees.  A company which offers a health and dental benefits plan have lower absenteeism; and increased productivity. […]

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Alternative(s) to Group Benefits

The Canadian workforce is constantly changing and employers are having to find unique ways to attract today’s talent.  In the past this was done by offering employees a compensation package usually consisting of salary, expense accounts, a benefits plan and a retirement/employee savings plan.  Historically the process of developing a benefits plan involved the employer choosing the benefits to be insured; which meant employees had little […]

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