Federal Taxation of Group Benefits Premiums
By Victoria Miron VranićIf you provide group benefits to your employees, here’s a question you should be asking: Are employer-paid premiums considered a taxable benefit to the employee? If you pay for or give an employee a benefit or service above and beyond their salary, Canada Revenue Agency (CRA) will generally require you to include the value of that benefit […]
Are You Paying Too Much for Brand-Name Drugs?
By Victoria Miron VranićPrescription medication can put a lot of pressure on your employee benefits budget. That’s because researching, developing and launching a new prescription drug is an expensive undertaking. But once that new drug has been developed, copying it for sale as a generic drug is a relatively straightforward procedure. New drugs are patent-protected. To ensure continued investment by […]
