• Attracting good employee which helps you compete with competition.
• When you lose a key person, you feel it, they take the knowledge you taught them and they go to the competition.
• Low cost
• Little time or effort to run or manage.
• High employee value and impact
• Easily understood.
• Enhances employee appreciation and loyalty.
• Helps you gain a competitive edge.
• Conveys your concern for employees' life after work
• Contributes to employees’ financial security.

Types of Group Plans

Registered Retirement Savings Plan (RRSP)

Offered by an employer to his/her employees as a way to save for the future. Both employers and employees can contribute to the plan and attain certain tax advantages.

Deferred Profit Sharing Plan (DPSP)

Reward good company performance, in the form of profit sharing
Only an employer can contribute to the plan
Registered as a trust arrangement with the Canada Revenue Agency (CRA)

Put more in your employees’ pockets with benefits plan

Salary increase vs. benefits plan

Giving tour employees a benefits plan may be more valuable than giving your workers a raise in pay. Here’s why: a simple salary increase is affected by a veriety of payroll taxes, and employee income taxes. In compensation, health and dental benefits are tax-free for employees (in all provinces except Quebec) and employer contributions are dedictible as a business expense. Provincial sales tax is charged on the plan’s premiums, but this tax is still less than the payroll taxes charged on salary, making a group benefits plan a tax-effective way to compensate your employees.