Established under Section 144(1) of the Income Tax Act, the employee profit sharing plan is a special purpose trust that allows the beneficiaries of the plan to share in the profits of a company.
The allocations to an EPSP are taxable in the hands of an employee, and a deductible expense for an employer. EPSPs are [...]

Employers offer company- sponsored savings plans because they want to reward loyal employees and encourage their people to save for retirement. During the last few years, the media has had a field day reporting the financial woes of older Canadian workers who are now having to delay their retirement.
At a recent financial education workshop that [...]

Clients who own businesses can now take advantage of tax deductions that were only available to major corporations. This can be done by establishing a Private Health Services Plan for their company or themselves.
A PHSP is a CRA approved health and welfare trust that allows corporations and the self-employed to deduct health and dental expenses. [...]

SEVERAL YEARS AGO I presented at an outplacement workshop where the majority of attendees were former Nortel employees. One man had brought with him an article from the Ottawa Citizen. It reported that Nortel’s defined benefit pension plan (DBPP) was underfunded by $2 billion.
Up until that moment, I had never considered that employer-sponsored DBPPs may [...]

Your group insurance policies rates are built with 2 separate and distinct methods:
1. Pooled benefits based on demographic and market factors - Life, Accidental Death and Dismemberment, and Long Term Disability.
2. Experience benefits based on your companies usage or claims rate - Short Term Disability, Health and Dental benefits.
Pooled Benefits
The experience of your plan is [...]