Group Savings Plans: A More Tax-Efficient Way to Pay Employees Lindsay Byrka, CFP® is Vice President at the Immix Group. She partners with employers to source and manage group life and health plans, and group savings and retirement plans, working with Canada’s leading insurers to support transparent pricing and flexible plan design. LinkedIn When it comes […]
Category: Employee Group Savings Plan
Top 5 Questions from Employers When Considering a Group Savings Plan
Top 5 Questions from Employers When Considering a Group Savings Plan by Lindsay Byrka, CFP® Vice President, Immix Group November is Financial Literacy Month in Canada, and the theme this year is “Talk Money.” The idea is “talking about money with others can provide opportunities to learn new tips and resources, which can increase financial knowledge and confidence […]
Your Benefits, Your Way: The “101” on Health & Wellness Spending Accounts
by Lindsay Byrka | B.A., B.Ed, CFP | Vice President If you’re a Canadian business owner looking to offer flexible, tax-effective coverage that empowers your team, an HSA could be the missing piece of your benefits offering. In this guide, we’ll break down what an HSA is, how it works, and why businesses like yours are making […]
Key RRSP Tips for Employees at Each Career Stage
It’s RRSP season in the world of benefits and financial services because as most of you know, the RRSP deadline is coming up! As a reminder, contributions to RRSPs made in the first 60 days of the year can be applied to the previous year. In plain language, Canadians can reduce their taxable income for […]
Key Conversations in Benefits 2024
Key Conversations in Benefits 2024 Once again, this year, we have compiled the top conversations in benefits, from our perspective as benefits advisors. These are the topics we heard about the most in the news, from our supplier partners, and that members of our Client Community inquired about most often. Each year, our Key Conversations […]
Your One-Stop Guide: Exploring Key Themes in Employee Benefits
A Guide to Immix Insights Articles Are you wondering what we’ve been writing about? Perhaps you haven’t had time to read the articles, but you’re hoping to gain some information on a particular topic. At the Immix Group, we strive to provide articles spanning a range of topics that are important to those in our […]
Financial Well-being: Valuable Resources through our Partnership with Ciccone McKay Financial Group
By: The Immix Group in partnership with Ciccone McKay Financial Group November marks Financial Literacy Month in Canada, and this year’s theme, “Money on Your Mind. Talk About It!”, focuses on encouraging open conversations about personal finances. This month, we want to highlight how employers can support their employees’ financial well-being, beyond standard employee benefits, […]
Expanding into Canada
Expanding into Canada? What Non-Canadian entities need to know when implementing an Employee Benefit program in Canada Key Takeaways A typical employee benefits plan in Canada includes life insurance, extended health care, dental care, and often additional offerings like disability insurance, health spending accounts and retirement savings plans. The healthcare component of employee benefit programs […]
Three Reasons to Implement a Group Savings Plan
We write often about Group Savings Plans, as it’s our belief that one of the best ways employers can assist their employees is by offering them the opportunity to plan and save for the future. This is a sentiment that is echoed by many in our industry. In their recent 2023 recap, iA’s Director of […]
Top Benefits Conversations of 2022
It’s a wrap! As we begin the New Year with refreshed energy and excitement for what 2023 may bring, we wanted to share a recap of the key stories in benefits over 2022. Extreme Difficulty in Hiring The theme of our client meetings this year can be summed up in one simple sentence “Where […]
Check to Ensure your Benefits Quote is Actually for a Comparable Plan
5 Key Areas to Check to Ensure your Benefits Quote is Actually for a Comparable Plan Inflation is on everyone’s mind; wherever you look, prices are rising. Unfortunately, benefit plans are not exempt from this. When the cost of dentist visits, medical items and procedures goes up, the result is often higher claims. This can […]
Business Owners: How to Design the Best Group Savings Plan for your Company
By Lindsay Byrka | BA, BEd, CFP Vice President, Immix Group: An Employee Benefits Company You’ve made the decision to implement a group savings plan for your team. You’ve worked it into the budget, and you know this is something you want to roll out sooner rather than later. Fantastic! But what’s next? What should you be […]
Market Update: Stay Calm, Stay the Course
By Anthony Ciccone, President A message from Anthony Ciccone, President Many of you are feeling concerned about the unprecedented events we are experiencing, and specifically, the severe impact on the financial markets. Three months ago, no one knew what COVID-19 was; now it is impacting everyone. This is uncomfortable; we are all feeling the angst. The […]
EAPs – how these programs can benefit both employees and organizations
By Lindsay Byrka, Vice President, Immix Group: An Employee Benefits Company You may be familiar with the acronyms “EAP” or even “EFAP.” Perhaps you have a general or at least vague idea about these plans. But, like many people, you’re not exactly sure what they mean or how they work. Lacking a solid understanding, you aren’t […]
This might just be the right time for you to implement an employee group savings plan – here’s why and how
By Lindsay Byrka, Vice President, Immix Group: An Employee Benefits Company With RRSP season winding up – the deadline for 2019 RRSP contributions is March 2 – you may be debating if now is the time to implement a group savings plan for your team. In working with our clients to implement and manage group savings […]