We also provide a variety of group packages that fit the uniqueness of the group itself,
such as:

Group Benefits
Life, Dependant Life, AD & D, ST & LT Disability, Medicare Supplement, and Dental

Group Registered Retirement Savings Plan and or Deferred Profit Sharing Plan
Can consist of a variety of Mutual Funds from many Fund Companies, Guaranteed Investment Certificates and Segregated Funds

These group plans attract and retain good employees. With a low employee turnover, the company saves the time and money it costs to find and train new employees.

GROUP BENEFITS Today's business climate demands that employers invest a great deal in the training and development of their employees. Group insurance can help you attract and retain valuable employees, minimizing the retraining costs associated with turnover. Employees can worry less about the financial strain of illness, disability or death. A properly designed employee benefits program improves morale and contributes to increased productivity by providing added financial security to your employees and their dependents. Peace of mind is valuable and employees are often loyal to companies that provide it.

Implementing a comprehensive employee benefits plan demonstrates your commitment as an employer to provide aid at an employee's greatest time of need. By tailoring benefits to differ between classes of employees, you have the added flexibility of rewarding key employee groups with specialized benefits.

There are many ways to pay for such a program a range from 100 % from the employer or a 50/50 percent split between the employer and employee. The favorable tax status of employee benefits allows you to deduct employer paid premiums as a business expense. A Benefit Plan consists of required benefits and optional benefits.

REQUIRED BENEFITS

LIFE, DEPENDENT LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT
Provides an employee's family with financial assistance to cope with the impact of a death and provides payment to employees should they lose the use of limbs, speech, hearing or sight as a result of an accident.

OPTIONAL BENEFITS

MEDICARE SUPPLEMENT
Ensures financial help, for both employees and dependents, to pay for medical expenses that are not covered by your provincial plan.


DENTAL
Helps control the expense associated with routine check-ups and necessary dental work for employees and their families.


SHORT TERM AND LONG TERM DISABILITY
ST - Provides some income replacement if you or an employee need to miss work temporarily because of disability.
LT - Assures long-term financial assistance if you or an employee cannot work for an extended period because of disability.

GROUP REGISTERED RETIREMENT SAVINGS PLAN

It Puts You On The Road To A Comfortable Retirement An RRSP is an excellent way to achieve financial independence and realize your dreams for retirement. But sometimes it's hard to follow a savings plan, or even get started, especially when retirement seems far away. With a group plan you benefit from a systematic savings approach that will give you the peace of mind of knowing you are preparing for the future with each and every paycheque.

It's Never Too Early OR Too Late To Start
It's important to begin a savings plan because it's beneficial. The earlier an individual plans to save for retirement, the longer the benefit of their investment. Their goal becomes easier to attain, because they save more for a longer period and, accumulate tax-free longer.

This following chart shows the effects of compounding and does not predict or guarantee results. Accumulated totals will vary if investment amount, tax rate or rate of return is more or less than stated.

THE POWER OF EARLY RRSP INVESTING

TOTAL INVESTMENTS RRSP VALUE AT AGE 65 Compounded Annually at 6 % Compounded Annually at 8% Compounded Annually at 10%

AGE 25 $1,000.00 a year for 10 years $10,000.00 $ 80,246.00 $157,435.00 $305,908.00

AGE 35 $1,000.00 a year for 30 years $30,000.00 $ 83,801.00 $122,346.00 $180,942.00

ADVANTAGES FOR THE EMPLOYER TO INTRODUCE A GROUP RRSP

Valuable Employee Benefit
Employers can enhance employee relations and retain key staff, as well as attract new staff, by providing this attractive company benefit.


Simple to Set Up
It's easy to set up the plan. We will help you to introduce the plan to your employees, as well as supply comprehensive administrator's guide, which outlines the necessary procedures.

Easy to Administer Once payroll deductions are set up all the company has to do is forward a list of contributors and a single cheque.

Flexible to Meet Company Needs
Any number of participants with various contribution levels and, investment option can be accommodated.


Contribution by Employer
You have the option to supplement any or all employee contributions. For example, you may decide to contribute a monthly set amount or a percentage of the employee's monthly contribution.

ADVANTAGES FOR EMPLOYEES TO JOIN A GROUP RRSP

Investment Planning
The individual will benefit from our investment planning skills and our service oriented establishment. We will find the mix of investments best suited to meet the individual's goal. Also we are prepared to help the individual in any other planning aspect which may be required.


Saving For A Bright Future
The individual will enjoy knowing that they are preparing for their retirement.


Tax-Free Compounding
Through tax-free compounding, an RRSP grows much faster than a similar investment that is taxed.


Spousal RRSPs
For the individual who could benefit from income splitting, spousal RRSPs are available.


Convenient and Automatic Payroll Deduction
With payroll deductions savings are accumulated gradually and without interruption, this helps avoid the last minute RRSP rush at the end of February. This also eliminates the need to borrow money from a bank to make an RRSP contribution, thus saving you interest costs.

Enhancing Retirement Supplementing your pension plans, Government Benefits and Company Benefits.

Therefore, whether you are one of the many individuals who already have a regular RRSP at a bank, trust company or other financial institution, or are just starting to look at RRSPs for the first time, it definitely makes sense to enroll in the group RRSP. So take advantage of the attractive combination of benefits it provides.


DEFERED PROFIT SHARING PLAN
The employer may contribute an amount "out of profits", or related to profits, into a trust fund which will accumulate sheltered from income tax. The employers contributions are tax deductible and are not taxable to the employee until paid out. A DPSP eliminates additional payroll taxes such as: Employment Insurance Premiums, Canada Pension Plan Premiums, Workers Compensation and Employer Health Tax. Employer contributions into a DPSP are limited to the lesser of: 18% of the employees compensation of the year from the employer or a dollar amount equal to one-half of the defined contribution pension plan limit. ($6,750.00)

Amount's allocated to a member's account must vest to the member after two years of membership in the plan, or earlier if the plan allows for it. Any non vested amount forfeited by a terminating employee must either be allocated to other plan members or refunded to the employer no latter than the end of the year following the year in which the amount was forfeited.

PLAN HIGHLIGHTS Employer contributions are not subject to payroll taxes Only employer contributions are permitted into the plan The employer may impose a vesting period of up to 2 years Withdrawals can be restricted to termination, death and retirement Owners or relatives of owners cannot participate in the plan Terminated employees can withdraw the full vested amount subject to taxation Creates a Pension Adjustment (PA) Can be used to share profits with the employees or as a pension plan

With these plans you may want to create a combination of a DPSP and a Group RRSP. The employer contributions will be made to the DPSP while the employee contributions are made into the Group RRSP. These contributions can be made in any combination but cannot exceed an individual's personal RRSP limit. The employer contributions can be made contingent upon the employee contributing into the Group RRSP.