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Latest News
What to know about credit card travel insurance as an Air Canada strike looms Aug 16th
After carefully planning a summer vacation, the last thing on your mind should be finding alternate transportation. But some travellers could be left scrambling as the clock ticks down to a possible work stoppage at Air Canada. The airline says it will gradually suspend its flights starting Thursday.... More »
5 reasons to buy life insurance—right now Aug 20th
If you’re working to improve your financial situation, a few strategies may come to mind: paying down debt, building an emergency fund, investing inside a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP), or putting your money in other savings vehicles. These are all .... More »
The best credit card travel perks in Canada Aug 4th
A lot of attention is given to travel credit card rewards, but what about advertised perks? These might seem like small benefits, but the value of these perks can really add up if you’ve got a great card.
We’ll help you navigate the most useful credit card travel perks and help you decide if .... More »
Does driving school lower insurance for Canadian drivers? Nov 16th
When you’re a new driver, insurance companies view you as being at higher risk of accidents than someone who’s been on the road for several decades. The risk of collision is highest within the first year a driver is on the road, and it decreases as drivers gain more experience. As a result, new .... More »
Yes, your auto insurance company can drop you. Here’s how to protect yourself against worst-case scenarios Feb 8th
A 74-year-old Brampton retiree was dumped by her insurance company after she was in two accidents, even though she says one wasn’t her fault..... More »
Why Offer Employee Benefits
– life-insurance-quotes.ca
What Every Small Business Owner Needs to Know
The current labour market has shifted and is now in favour of the employee. Coming out of the pandemic, there are more jobs available than there are people willing to fill them.
What does this mean to the average small business owner? In a nut shell, it is increasingly difficult to find the right employees for positions that need to be filled.
There are a couple of ways companies can overcome this:
Increase salaries.
Offer better employee benefit plans.
Increased salaries certainly do attract top-end talent. Unfortunately, they also result in higher payroll taxes, which can be substantial in Canada.
The premiums paid into a group benefits plan, however, are a tax deductible expense to the company and are not taxable benefits to the employees!
Why Offer Group Benefits Coverage?
There are numerous positives when it comes to offering your employees a comprehensive group insurance plan. The following just outlines some of these:
A competitive benefits plan will attract and retain qualified and stable employees to your team…
