About Us
Incorporated in 1982 by Allan Plausteiner, RPP Benefits Inc. is a well-established and highly respected firm specializing in providing expertise to clients in relation to Employee and Executive benefits.
Read RPP Benefits Inc. Statement of Purpose and Core Values & Mission
Meet the Team
Allan Plausteiner, CLU
Consultant
President, RPP Benefits Inc.
Allan has been an Insurance Advisor and Employee Benefits Consultant for 35 years. As a result he has many loyal Employee Benefits, Pension, and Group RRSP clients for whom he has been providing services, many of them for up to 25 years.
His committed clients, community service, industry activities, and volunteerism speak to his dedication to people and willingness to serve.
Allan is a member of ADVOCIS and has held his Chartered Life Underwriter (CLU) designation for many years. The CLU is Canada’s premier wealth transfer and estate planning designation. Allan has the life experience necessary to assist his clients with succession planning and investment advice, particularly valuable for Plan Sponsors who may need advice on turning over their business to the next generation.
Carol Billings, CLU
Consultant
Carol has over 30 years of experience serving Group Insurance clients and their Advisors. She spent many years with two major Canadian Group Insurers followed by several years as an Employee Benefits Consultant with a major Canadian Consulting house before joining RPP Benefits Inc. Her “inside view” is valuable when addressing the challenges of maintaining efficient administration or communicating effectively with employees.
Carol is a longstanding member of ADVOCIS, and holds CLU designation. These insurance and financial planning designations enable her to provide additional insight and depth when analyzing or recommending employee benefit solutions.
Laura Monteiro
Consultant
Laura Monteiro brings over 10 years of combined human resource and insurance experience in her role as an associate of RPP Benefits Inc. Laura is able provide her human resource generalist services, as well as an understanding of your business as a past consumer and currently a benefit provider's point of view. As a member of HRMA, she continues to stay active on all relevant HR issues that could affect your business operations. Laura can offer on site workplace seminars for your employees covering topics such as
Building a Financial Road Map to Retirement Planning.
Laura's commitment to her clients is based on a belief that listening to your needs and finding solutions that fit those needs is her number one priority. She is dedicated to providing financial peace of mind for you, your family and your business and is proud to represent RPP Benefits and the service dedication it is known for.
STATEMENT OF PURPOSE: RPP Benefits Inc.
RPP Benefits Inc. exists to improve the quality of life for our clients by providing people and companies with professional, reliable and cost effective insurance and financial services. We provide advice to individuals or companies with respect to employee benefits, executive compensation, and retirement planning.
CORE VALUES AND BELIEFS
- We are a Customer driven company, dedicated to placing the customer's needs first and foremost in every transaction.
- We are a Value driven company, dedicated to providing clients with the most value for their money. Integrity is one of our biggest assets and all relationships will be treated accordingly.
- We are a Team driven company, dedicated to providing an environment where personal growth, professionalism and creativity are encouraged and rewarded.
- We are a Community driven company, dedicated to making an impact on the lives of people in our community.
MISSION
Our goal at RPP Benefits Inc. is to be recognized as a leading company in the financial services market. We will be the choice for people who value exceptional service, professionalism and integrity above all else.
We work closely with the Plan Administrator to emphasize the legal and labour relations responsibilities that arise as part of managing a benefits plan. We provide tools to ensure the plan is being administered in accordance with the Insurer’s requirements. Our focus here is to set up efficient and accurate plan administration to create a seamless routine for your staff.
Is the premium cost for providing benefits a tax deduction for the Business?
Yes it is. If a Corporation (the “employer”) sets up an employee benefits plan and pays the premium on behalf of the employees the premium paid by the business is deductible as a business expense.
If a Corporation provides Group Insurance for employees, is it a taxable benefit to employees?
Only the Life Insurance and Dependent Life premiums paid by the Corporation are considered a taxable benefit to the employee and any premium paid for these benefits by the Corporation in a tax year must be added to the employee’s income on the T4. This applies only to the life insurance premium paid by the Corporation. Premiums paid by the Employer for the other Group benefits are tax-free to the employee - and a definite tax advantage.
If an employee is reimbursed for Dental expenses claimed, is the reimbursement a taxable benefit?
No, the reimbursements received by employees for their Health and Dental expenses are not taxable benefits. If there were no Group plan, employees would be paying these expenses with their after-tax dollars, so this feature is a definite advantage to having a group plan.
Are Long Term or Short Term Disability payments received by an employee taxable income?
The answer depends on who is paying the premiums. If the premiums for Short Term and/or Long Term Disability benefits have been paid entirely by the employee, then Revenue Canada states that disability income payments received by the employee will be non-taxable income and need not be declared as income.
If the Employer pays even one cent of the disability premium, then any disability income payment received by the employee is considered a taxable benefit and the Insurance Company will issue a T4A.
If the Employer pays the disability premium, but includes all premiums paid as a taxable benefit on the employee’s T4 statement, then by convention CRA has considered that disability benefits received by the employee will be non-taxable income. While this premium treatment is not backed up by legislation, to date Revenue Canada has not challenged it.
Is M.S.P. premium paid by the Employer considered a taxable benefit?
Yes. While employee benefits are not, other than Life Insurance, a taxable benefit to the employees, any Provincial Medical Services Plan (MSP) premiums paid by the employer are a taxable benefit to the employees.
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