This is the home of all the news about Vital Partners, as well as our blogs, newsletters, and event notices. Check back often to see what is going on at Vital Partners.

Notes from the Budget Implementation Act, 2016, No. 1

The Government of Canada announced that the Budget Implementation Act, 2016, No. 1, has received Royal Assent. Budget 2016: Growing the Middle Class outlines changes that the government is making in order to help the middle class as well as seniors. Here are some of...

Insurance Jargon, Decoded: Employee and Family Assistance Program (EAP)

When we are working with plan sponsors or communicating plans to members, the most often overlooked benefit is the Employee and Family Assistance Program, or EFAP. Some insurers include EAP services at no extra charge as part of extended health benefits, while other insurers charge on...

Is Medical Tourism An Option For You?

As health and dental services are becoming increasingly costly for some, Canadians are beginning to look for alternatives to receive the services that they need and keep expenses down. The following is a guest post from Global Health Shift Corp. on Medical Tourism, and why...

Need to Know: Insurance – June 2016

It’s time for another edition of our “Need to Know” series, where we rotate between our focus areas of Insurance and Employee Benefits. This month, our focus is on Individual Insurance.  Last month we highlighted why a Health Spending Account, or HSA, is a good solution...

CPP Reform: What’s changed, and what it may mean for you

This week, Canada’s federal, provincial, and territorial finance ministers agreed on reforms to the Canada Pension Plan. The CPP reform increases contributions from 4.95% of salaries (up to a maximum annual income of $54,900), to 5.95% of salaries up to a maximum annual income of $82,700...

Benefits of Health Spending Accounts

A health spending account is a valuable tool for any incorporated business owner, self-employed individual, or small business employer. Health Spending Accounts, which are also referred to as HSAs or Private Health Spending Plans (PHSPs), provide a way to pay for medical, dental, and vision...

What New Tax Brackets Mean for Canadians

Some of the election pledges that were enacted by the Liberal government will affect tax and estate planning for many. The “middle-class” tax cut has translated into a reduction of the federal income tax rate from 22% to 20.5% on income between $45,282 and $90,563. Canadians...

Insurance Jargon, Decoded: Future Income Protection Rider

Our ability to earn an income is arguably our biggest asset, although we seldom consider it when considering what type of disability insurance to purchase. We routinely purchase insurance coverage for small appliances, pets, or cars, yet, if a kettle broke down – it would have little to...

Health and Dental Plans for Retirees

Many people who are considering retirement underestimate the cost of the group benefits that they enjoyed while they were employed. Examples of benefits included in a group plan may include: Semi-private hospital Prescription drug coverage Dental coverage Life insurance and disability coverage Emergency travel coverage With...

Need to Know: Group Benefits – April 2016

It’s time for another edition of our monthly “Need to Know” series, where we rotate between our focus areas of Insurance and Employee Benefits. This month, our focus is on Group Benefits. The Government of Alberta’s budget, which they released last fall, included the announcement of...