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The Value In Protecting Yourself And Your Employees

Many entrepreneurs feel that when they leave their job to start their own enterprise they may have to forego things like benefits for a while. This isn’t the case. The Chambers Plan allows them to take the risk on their new venture without risking their personal or family’s health. The Chambers Plan can insure you before you take on employees and provide traditional group benefits even if you are your only employee. As a not for profit plan designed […]

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Business Assistance Service

CHAMBERS PLAN BUSINESS ASSISTANCE SERVICE Small business owners wear many hats; however, they can’t be an expert in everything. There are times when it is a good idea to seek professional advice from a specialist, but expert opinions can be expensive. The Chambers of Commerce Group Insurance Plan Business Assistance Service can help. Business Assistance Service is a confidential service that provides up to six hours of access to professional accounting, legal and human resource […]

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How Does Coordination of Benefits Work?

How Does Coordination of Health and Dental Benefits Work? As a Group Benefits Broker, I am often asked how coordination of benefits works. Coordination of benefits determines which insurance plan pays first, which insurance plans pay thereafter and how much each insurance plan pays. Most often I am asked, how do insurance companies coordinate benefits when you have coverage under more than one Group Benefits Plan with health and dental coverage. Coordination of benefits for […]

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Are Group Benefits Taxable in Canada?

Group benefits taxation questions generally relate to the following 1) whether employer paid premiums are tax deductible for the employer; 2) whether the premium is taxable to the employee if the employer pays the premium; and 3) whether benefit payments are taxable when an employee makes a claim. Now we will go into more detail regarding common group benefits taxation. Basic Group Life Insurance: Are Employer Paid Group Benefit Plan Premiums Tax Deductible for the […]

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Chambers Plan Employee Benefits

Tanner Financial Services is extremely excited to be in partnership with The Chambers of Commerce Group Insurance Plan in Brampton, Scarborough, North York & Toronto Ontario. We are honored to be appointed as one of the exclusive advisors offering the Chambers Plan in the GTA (Brampton, Scarborough, North York & Toronto), Ontario through the Toronto Region Board of Trade. Together, we are a partnership determined to serve you well. The Chambers of Commerce Group Insurance Plan […]

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What Is a Late Entrant?

The plan sponsor of an employee benefits plan is responsible for ensuring that all eligible employees are enrolled in the benefits plan on time. Employers or plan administrators who are not diligent in their enrolment procedures could jeopardize an employee’s coverage. Most employee benefit plans require all new, full-time staff to serve a waiting period before they are eligible for their employee benefits. The waiting period is commonly three months but can also be six […]

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Retirement planning: Considerations

Nearly half (48%) of the retired Canadians surveyed agreed with the statement: “I’m worried about my money lasting my lifetime”1. That’s an unsettling statistic as Canadians are living longer. The impact is that many of us are at a greater risk of outliving our savings. The silver lining is that you can still create a strong financial plan which can help you enjoy a more comfortable retirement. The best approach is allowing more time to […]

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RRSP season is here – don’t miss out!

The Registered Retirement Savings Plan (“RRSP”) is an invaluable long-term financial planning tool – you save for retirement and your contributions are tax deductible. To top it off, your money grows tax-free until you withdraw it, presumably when you are no longer working and in a lower tax bracket. Invest any tax refund you receive back into your RRSP, and you will benefit even more over the long term. The RRSP contribution deadline is Friday, March 1, and […]

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Our 12th Annual Charity Golf Classic is coming up….

Join us on June 6, 2019 at The Richmond Hill Golf Club for a round, a bite and plenty of prizes! Click the “Sign Up Now!” button to reserve your space! What are the options for attending? You may sign up as a single player, a foursome, OR if you do not play we still wish to invite you to the event for our buffet-style dinner! Please select the corresponding option and let us know the […]

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Stability, Benefits Plan Rates That Are Stable And Predictable

Stability, Benefits Plan Rates That Are Stable And Predictable Small and mid-sized business owners face a lot of uncertainty and don`t need that to include their employee benefits plan. A local Chambers Plan advisor can help show why the Chambers Plan is the number one plan for businesses seeking stability in their benefit plan.

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