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A serious diagnosis shouldn't also mean a financial crisis. Group Critical Illness Insurance in Canada provides employees with a one-time, tax-free lump-sum payment upon a covered diagnosis. Understanding exactly what your plan covers is essential.  

Millions of Canadians, especially self-employed workers and employees of small businesses, have no access to a traditional workplace pension. Pooled Registered Pension Plans (PRPPs) were created to fill this gap by pooling contributions to lower costs and provide professional management.  

Defined Contribution Pension Plans are one of the most common workplace retirement savings vehicles in Canada. Both employees and employers contribute a percentage of their income to an individual account. The final retirement income depends on contributions and investment performance.  

A Defined Benefit Pension Plan guarantees a specific monthly retirement income based on your salary and years of service. This guide explains how DB plans work, who qualifies, and what Canadian workers need to know.  

The Canada Pension Plan Children's Benefit provides monthly financial support to children when a parent becomes disabled or passes away. This guide explains eligibility, payment amounts, and how to apply for this important statutory benefit.  

The waiting period in group benefits is the period between your start date and the date coverage becomes active. Durations vary from 30 days to 6 months depending on the benefit line. This guide explains everything Canadian employers and employees need to know about eligibility rules.  

Workplace Retirement Plans news from EBSource: Pooled Registered Pension Plans (PRPPs) offer affordable retirement savings for Canadians without traditional workplace pensions. Designed for self-employed individuals and small business employees, PRPPs pool assets to reduce costs and provide professional investment management. This employee benefit source explains everything you need to know.