Corporate Insurance
Corporate-Owned or Personally-Owned Life Insurance? The difference goes far beyond who pays the premium—it’s about long-term tax efficiency, access to the Capital Dividend Account (CDA), and smart estate planning. While corporate-paid premiums cost less due to lower tax rates, only personally-paid policies guarantee a tax-free death benefit to beneficiaries. But that’s not the whole picture.
What about Holding Companies, Trusts, or leveraging Life Insurance as collateral for a corporate loan? What’s the CRA’s stance on CDA credits?
If you’re a shareholder in a private corporation, understanding how Life Insurance interacts with your CDA is essential. We’ll help you structure it right.
Book a free consultation today. Speak with an expert and contact us at 905-850-5267 for a free quote.
What We Offer
Dental
Protect your team’s health and confidence with affordable, reliable dental coverage they’ll actually use.
Life Insurance
Give your team peace of mind with life insurance that protects what matters most—their families.
Health & Wellness
Support your team’s total well-being with coverage that promotes physical, mental, and emotional health.
Vision & Prescription
Keep your team sharp and focused with coverage for eye care and essential medications and treatments.
Boosting Business With Benefits
Services
Group Benefits
Protect your team with top-tier health, dental & disability coverage. Boost morale & retention today!
Corporate Insurance
Protect your team with top-tier health, dental & disability coverage. Boost morale & retention today!
Group RSPs
Help employees save for tomorrow with Group RSPs. Boost financial wellness & loyalty. Book a call today!
Retiree Benefits
Retirement shouldn’t mean losing benefits. Custom retiree health plans for peace of mind. Get free quote!
FAQs
What types of employee benefits are most common for small businesses in Canada?
The most popular benefits include:
Health and dental insurance (prescription drugs, vision care, paramedical services);
Life and disability insurance (short-term/long-term disability, critical illness coverage);
Retirement savings plans (Group RRSPs, pension matching);
Wellness programs (mental health support, gym memberships, employee assistance programs).
How much do employee benefit plans typically cost?
Costs vary based on coverage levels, group size, and provider. On average, small businesses spend $1,500–$4,000 per employee annually. Customizable plans allow you to control costs while meeting employee needs.
Are there tax advantages to offering employee benefits?
Yes! Employer-paid premiums are tax-deductible as business expenses. Employees also enjoy tax-free health benefits (up to certain limits), and contributions to retirement plans may be tax-deferred.
Do benefits really help with employee retention?
Yes! Studies show that 80% of employees value benefits over a pay raise. Competitive packages reduce turnover, attract talent, and boost morale—key for small businesses competing with larger firms.
Can small businesses with fewer than 10 employees get affordable benefits?
Absolutely. Many providers offer scalable group plans tailored for small teams. Pooled plans (where multiple small businesses join together) can also reduce costs while maintaining quality coverage.