Why should Employees pay Disability Benefit premiums?

Group long-term disability (LTD) plans can be non-taxable (employee-paid premiums resulting in non-taxable claim payments) or taxable (employer-paid premiums resulting in taxable claim payments). Canada Revenue Agency’s Interpretation Bulletin IT-428 makes it clear that employees must pay 100% of LTD premiums if claim payments are to be non-taxable. This is a common strategy for employers […]

Why Choose a Group Benefits Plan?

  Group Benefits and Retirement Savings Plans can be two critical elements in attracting and retaining staff. Benefits can also play a vital role in long term business plans, by helping compete in the job market and allowing businesses to offer a tax-effective form of compensation. Many entrepreneurs may be missing out this competitive edge […]