Some time ago I received an e-mail from the chief financial officer of a New York-based software company that had just bought a Canadian firm with 200 employees. They were asking for a resource to set up an equivalent to the 401k plan for their new Canadian workforce. The Canadian equivalent to the 401k is [...]

Some time ago at a financial education workshop, a 62-year-old executive vice-president shared his story. He was placing his retirement on hold because the value of his corporate-sponsored retirement plans — in which most of his retirement savings were invested — had drastically dropped as a result of a meltdown in stock market.
In recent years, [...]

Group RRSP Basics
In a group RRSP, an employer arranges for employees to make contributions, as they wish, through a schedule of regular payroll deductions. The employee can decide the size of contribution per year and the employer will deduct an amount accordingly and submit it to the investment manager selected to administer the [...]

Many employers find themselves in a highly competitive labour market. Attraction and retention of talented employees presents both a challenge and an opportunity with respect to employee benefit plans. At Buffett Taylor, an employee benefit consulting firm, we are committed to assisting employers in finding viable solutions, and in striking the right balance between meeting [...]

Traditionally, small to mid-sized Canadian businesses have offered group health benefits to their workforce by utilizing insurance carriers. During the last decade, consolidation in the market has resulted in fewer carriers within the insurance industry, limiting the choice for the Canadian employer.
Benefit Plan Sponsors generally assume that the responsibility of health and dental claims will [...]