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My Business is Shut Down and Employees are Temporarily Laid Off. What Should I do about our Group Benefits Plan?
– life-insurance-quotes.ca
As a Canadian business owner during the COVID-19 pandemic you understand making tough decisions. However, your Group Benefits Broker is here to help. Before you make important decisions about your employee group benefits plan, contact your Group Benefits Broker to understand all your options.If you have had to close your business and temporarily lay off staff, here are a few things you should consider with respect to your Group Benefits Plan.
First of all, if you plan to re-hire some or all of your team once you re-open then you should keep your benefits in force, if at all possible. Your laid-off employees are already in a precarious situation, providing the comfort of benefits for them and their families during this difficult time provides optimism, loyalty and peace of mind.
Most Canadian insurance carriers offer discounts while so many of the services typically covered by your group benefits plan are restricted during the shutdown (optometrist, physiotherapist, orthodontist etc…
Canada’s best travel credit cards 2020
– moneysense.ca
With a good travel credit card in your name, going on a trip can suddenly become affordable. And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the flexibility to transfer points between cards.The card you choose should be based on the type of travel you enjoy, where you spend the most money and which additional travel benefits fit your lifestyle. To help you pick the perfect card, we’ve come up with a list of Canada’s best travel credit cards.
The best travel credit cards in Canada 2020
Card
Rewards
Annual fee
American Express Cobalt
(get more details)*
5 pts/$1 on groceries & dining
2 pts/$1 on travel, gas & transit
1 pt/$1 on everything else
$120
Scotiabank Gold American Express
(get more details)
5 pts/$1 on groceries, dining & entertainment
3 pts/$1 on gas, transit & streaming services
1 pt/$1 on everything else
No FX fees
$120
TD First Class Visa Infinite
(get more details)*
9 pts/$1 on travel (via ExpediaForTD)
3 pts/$1 on everything else
$120
BMO World Elite Mastercard
(get more details)*
3 pts/$1 on travel, dining, and entertainment
2 pts/$1 on everything else
Airport lounge access
$150
Scotiabank Passport Visa Infinite
(get more details)
2 pts/$1 on groceries, dining, entertainment & transit
1 pt/$1 on everything else
Airport lounge access
No FX fees
$139
MBNA Rewards Platinum Plus
(get more details)*
2 pts/$1 on groceries, gas & dining‡
1 pt/$1 on everything else
$0
MBNA Rewards World Elite
(get more details)*
2 pts/$1 on everything
$120
Marriott Bonvoy
(get more details)*
5 pts/$1 at 30 major hotel brands
2 pts/$1 on everything else
$120
National Bank World Elite
(get more details)*
Up to 2 pts/$1 on everything
Comprehensive travel insurance
$150
‡$5,000 annual spending cap on each category
Best travel rewards credit cards for everyday spending
American Express Cobalt*
With an incredible earn rate of five Points per dollar spent on eats and drinks, the American Express Cobalt card is a winner for those who eat out—and the dining category is quite generous as it includes grocery stores, restaurants, bars and even food delivery services…
