Latest Blog: Lower Your Group Benefits Rates by Understanding Their Pricing Strategy

Building Blocks

Benefit plans play a key role in protecting the financial health of your people. A well-structured plan will have many layers which are customized to suit the goals and objectives of your firm and to protect and enhance the health and wellness of your employees.

Savings Plans

Employers often focus on retirement plans to the exclusion of other types of savings.  However, the needs of your diverse workforce vary. Although everyone eventually retires, many people have other shorter term needs that can best be addressed through complimentary savings options.

Core Savings Plans

The three core employer sponsored retirement plans are Pension, Deferred Profit Sharing Plan (DPSP) and Group RRSP. Each of these plans have slightly different tax rules and reporting requirements. Which plan or plans are most suitable to your organization depends upon your firm’s objectives and the demographics of your group. 

Our advisors work with you to understand the purpose of the plan and the nature of your firm. Once we have collectively decided upon a plan structure, we will help to identify the appropriate annual budget, determine which carrier is the best fit for your organization, implement the plan, and provide regular ongoing employee education and formalized annual reporting to the management team.

Additional Savings Plans

For many employees, immediate or short term needs such as debt repayment, saving for a home, or sending a child to post-secondary education seem far more important than planning for retirement. To help your people meet more of their goals and reduce their stress, it is often beneficial to implement complementary savings plans such as Tax-Free Savings Accounts (TFSA), Registered Education Savings Plans (RESP), and general savings accounts for emergencies or travel.

These additional plans are usually available as purely voluntary, complimentary companions to the retirement plan but can be integrated into the core offering when it makes sense to do so.

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Employee Benefits

Top employee benefits Canada services delivered by a trusted employee benefits advisor. Employee benefits services for corporate and individual organizational needs.

Corporate & Personal Insurance

Protecting the financial health of your business and your employees when serious illness or death occurs is critical to the health and wellbeing of your company and its people.

Speak to an Advisor
  • Whether you are interested in implementing a new or existing retirement and savings plan for your staff, our first step is learning more about your organization and your objectives.
  • Once we understand your objectives and philosophy, we will develop a variety of plan options within your budget. Once a plan design has been selected, we will implement the plan, onboard your people, and provide ongoing education.
  • Financial wellness is key to mental health. In addition to helping you to implement or update a formal retirement and savings plan, our advisors will work with you to develop ongoing education and supports to address other considerations such as budgeting, debt management, and investing.