www.TAX FREE MONEY. info Getting the most tax free dollars from your Group and  Corporate insurance Program	Ken Armstrong  Insurance & Financial Services Milton, Ontario  905-878-0951
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Many employers  today cannot make significant increases in  wages,  as the  increases are taxed @ the employee's marginal tax rates.  therefore  the after tax income of the employee is negligible. Employers can provide their employees with additional tax free benefits which would benefit the employee,  so that he is not spending after tax dollars, to purchase such services.
Below are benefits which are available to almost any size of employer, as group benefits are now available for groups of 1+. We offer a wide range of Group Life and Health services including the core services of  Life Insurance, Disability Insurance, Extended Health and Dental Care benefits that will give your employees an incentive to join and remain with your company.
Compare $1,000 of wage increase vs  $1,000 of Group Benefits per employee.
 

Dental Care
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.IT-470r

World Wide Travel Assist and Out of Country Medical Expense
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.IT-470r

AD&D  Accidental Death and Dismemberment
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.IT-470r

Group Life Insurance
Term life insurance premiums are tax deductible to the employer but a taxable benefit to the employee,  Some may consider this a low cost method of purchasing life insurance.  For older employees or principles with the average age of the group being charged they can obtain very affordable life insurance even if a taxable benefit.
The Benefit when paid is 100% Tax free to the named Beneficiary

Dependent Life Insurance
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.IT-470r

Group Disability Coverage
This  tax free dollar Benefit of is a non taxable benefit when received by the employee, but the premium must be paid by the employee with after tax dollars

Cost Plus Medical Re-imbursement Plan
Many employers do not wish to have the cadillac of benefit for all their employees, or pay premiums yearly for benefits that not covered such as Vision, Orthodontic, Extra Medical Expenses etc..  not covered by the basic plans,  but wish to have these benefits paid by their company.  Most insurers will pay these benefits on a as needed basis for a 15% administration charge.   The premium is billed to the company which is a non-taxable benefit to the employee.IT-470r

Critical Illness & Survive Assist
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.IT-470r

Employee Assistance Program
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.IT-470r

Health Care Spending Account
Acts like a health expenses bank account that plan members can draw upon to pay for certain medical, vision and dental expenses not covered elsewhere.
Tax Legislation  IT 529   on Flexible Employee Spending Accounts

Living Death Benefit
The premiums for this benefit are fully tax deductible for the employer, and he also avoids paying, CPP, Workers Compensation, EHT plus all additional employer taxes on these benefits, vs giving the employee the additional premium as income on a monthly basis.  It is 100% non taxable benefit to the employee.
 
 
 
 
 
 
 
 
 
 

   Employee Assistance Program (EAP)

   Recognizing that today's work, home and school environments contribute to higher stress levels, EAP provides confidential and professional
   counseling for personal, legal, social, emotional and substance abuse problems.

   Standard features:

        Counseling 24 hours a day, 365 days a year via toll free telephone number
        Professional staff of psychologists, social workers and addiction counselors
        Information and counseling by telephone or personal meetings
        Confidentiality as counselors adhere to strict code of ethics
        Available for employees and their families

   Services are provided through Family Guidance Group Inc., a leading provider of employee assistance programs to Canadian private and public
   corporations.
 
 
 
 

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  Critical Illness (Survive Assist)
 

  Recognizing that a survivor of a life threatening illness will incur additional expenses while recovering, Survive Assist provides a lump sum benefit
   to help manage costs.

   Four versions are available: Employee Basic, Employee Optional, Dependent Optional and Spousal Optional.

   In addition, two coverage packages are available:

        Core covers a heart attack, stroke, kidney failure and life threatening cancer
         Enhanced covers a heart attack, kidney failure, life threatening cancer, coronary bypass surgery, major organ transplant, blindness,
        deafness, parapeglia, hemiplegia, quadriplegia and multiple sclerosis
 
 
 
 
 
 
 

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 Living Death Benefit

   Recognizing the special financial needs of the terminally ill, the Insurer will, in certain cases, advance a portion of the basic life benefit. This allows
   the individual to borrow up to the lesser of $25,000 or 50 per cent of the basic life benefit.