These plans can be used by self-employed individuals or to provide benefits to senior or key employees within a firm using pre-tax dollars.
This can be used as a supplement to insured benefits or can be set up as a stand-alone plan.
Examples of items frequently processed through cost plus programs are glasses, orthodontic treatment for children and adults, fertility treatments, smoking cessation products, and more.
Benefits processed through this plan are fully deductible from company income, and are not a taxable benefit to the employee receiving the benefit. There are limits for unincorporated businesses, so be sure to consult your accountant or us before setting the plan up.
We would be happy to help you pay your medical and dental bills with pre-tax dollars. Contact us at info@groupbenefits.on.ca
Many senior executives at companies of all sizes are not insured by a group insurance plan for the true amount of their earnings. By combining group and individual policies for these key people we can ensure they receive appropriate protection in the event of disability.
For more information on this contact us at info@groupbenefits.on.ca
Life Insurance
Life insurance serves many purposes. It can pay off debts, provide capital for income for survivors and pay taxes owing at death to name just a few.
To discuss your life insurance needs please contact us at info@groupbenefits.on.ca
These funds are used by people to save for retirement, for children's education and for other non-registered savings as well. The main difference between segregated funds and mutual funds comes in the following points:
- protection from creditors, since they are considered to be a life insurance policy
- the guarantees they provide at death or maturity
To discuss your long term savings needs please contact us at info@groupbenefits.on.ca
Tracy Group Benefits & Financial Services |
Kitchener - Waterloo:
(519) 886 -1283
Guelph:
(519) 820 -1283
Fax:
(519) 886 - 8562 |
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