Administrative Forms

• Acknowledgement of Conversion Privilege - Click to download


• Offer to Apply for Excess Coverage Declined - Click to download


• Refusal of Benefits - Click to download


• Fair Pharmacare Explained - Click to download

Other PDFs

• The CAP (Capital Accumulation Plan) Guidelines - Click to download


• PBSA (Pension & Benefits Standards Act) Guide - Click to download

*Adobe Reader is needed to view/print these forms, click below to download.

News

New News Article - May 22, 2008
Here is some information about this news article.

New News Article - May 20, 2008
More information can go here. Unlimited amounts of type. You can use bold and italics pretty easily. You can use

paragraph spacing as well. Images might be a little more challenging. Links aren't so difficult either.

Links

Government Sites:

• Federal Government forms & publications


• British Columbia Government Website


• EI Premium Reduction Program Guide


• B.C. Pharmacare Homepage

For other Government websites request our Benefit Administration Reference Manual


Of interest to Business:

• Canada One - A great site with lots of resources for small business


• go2 - A site providing resources to the tourism industry : but packed with Human Resources information with value for any type of business


• Annoyances.org - Yes, they are promoting a book but this site can offer substantial help with your Microsoft Windows problems


• The Public Interest Advocacy Centre - view PDF reports on a wide variety of subjects of interest to the business community at large


• Thesaurus.com - Struggling to find the right word? Also has a dictionary

Just for Fun : because everyone needs to take time out:

• wiseGEEK - Answers to almost any question you can ask


• SeatGuru by tripadvisor - Know your plane's layout before you book your seats: a site run by TripAdvisor on which you indicate the airline and type of plane, then get a graphic view of the plane


• Johns Hopkins Medicine - Everything you ever want to know about Health (from those who should know)


• Google Maps - A fantastic tool for planning a trip. Indicate start and end points, and find out how to get there, how many miles and how long it should take. See your route as a map or as a satellite photo


• JigZone - For a breather, do a jigsaw puzzle at Jigzone. Choose from a quick and easy 4 piece puzzle up to as difficult as you like

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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