Effective January 1, 2016, Beneplan has entered into an agreement with The Co-operators Life on The Beneplan Co-operative’s long term disability benefits. For the first time, this block will be operating on a refund accounting basis. This means that after reserves, fees, and claims are paid, any surplus money left over will be fully refunded to […]
In the wake of Justin Trudeau’s election win, we have to ask ourselves: what will that mean for Canadian employee benefit plans? Here are some questions, based on promises made on the campaign trail: Will the Canada Pension Plan will be enhanced as promised, leaving Kathleen Wynne deciding to withdraw the proposed Ontario Retirement Pension Plan (ORPP)? Will […]
(Source: Canada Revenue Agency) The maximum insurable earnings (MIE) is the income level up to which Employment Insurance (EI) premiums are paid. It determines the maximum rate of weekly benefits paid for all types of benefits under the EI program.