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Group Benefits Plans

Providing an attractive employee benefit plan1 is key to hiring and keeping quality people. Whether your company has only a few staff members or you are a large complex organization, providing health benefits can be a key component in your employee's evaluation of your compensation program - and their future.

There are numerous advantages to providing a Group Benefits Plan for your employees.

  1. Your employees and their families are protected against financial problems resulting from unexpected health care and dental expenses.
  2. Your employees benefit from receiving tax-free* health coverage instead of paying their medical expenses with after tax dollars.
  3. The employer receives a tax deduction for all costs associated with the Group Benefits Plan.
  4. The employer benefits by providing employee benefits at a fixed cost and the plan is automatically administered by the insurance company.
  5. A group benefits program is a great way to provide extra compensation to valuable employees as an alternative to a fully taxable salary increase.

* Some restrictions apply – Contact our office for full details.

A wide variety of Employee Benefits can be provided via a Group Benefits Plan including:

  • Life Insurance and Spousal/Dependant Coverage
  • Accidental Death and Dismemberment
  • Prescription Drug Coverage
  • Paramedical Coverage (Chiropractors, Therapists, etc.)
  • Group Pension Plans
  • Group RRSP Plans
  • Short Term Disability
  • Long Term Disability
  • Extended Healthcare/Visioncare
  • Dental Coverage
  • Out-Of-Country Emergency Medical (Travel)
  • Critical Illness Insurance

Contact our office today if you have questions about a Group Benefits Plan for your company.

1Wikipedia


Insurance products are provided through multiple insurance carriers.

This publication and website are intended for Ontario residents only and the information contained is subject to change without notice. Mutual Funds are offered and regulated through Global Maxfin Investments Inc. (GMII). Insurance products (including Segregated Funds) and Income Tax Planning is provided under the name of Ausim Mobeen. GMII does not supervise these activities and will not be accountable, responsible or liable for such activities. This publication contains opinions of the writer and may not reflect opinions of GMII. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or GMII or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities. The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances.