18 Apr Premium Tax Increase

Alberta’s budget, released in October 2015 proposed a range of tax increases. Some of these increases will impact benefit plan pricing in 2016 and 2017. What is the change? Taxes are included in insurers’ premium rates. Consequently, group benefit plan sponsors should expect increases to rates at...

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04 Feb Insurance Jargon, Decoded: Underwriting

Insurance underwriting is a term used to describe the process of assessing risk. Insurers want to make sure that they are collecting enough premium according to the individual’s risk. We use (the term) underwriting to describe an insurance application process. An underwriter or underwriting department are the individuals who are assessing...

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22 Dec CPP and EI Changes in 2016

What can we look forward to the following changes to CPP, EI maximums and RRSP limits in 2016: Contribution limits The 2016 RRSP dollar limit has increased to $25,370. Defined Contribution Pension Plan (DCPP) - $26,010 Deferred Profit Sharing Plan (DPSP) - $13,00 Defined Benefit Pension Plan maximum pension limit (DBPP)...

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