What is your group benefit plan doing for you? Does it match your company’s goals and compensation philosophy, or do you have a plan only because you think you have to?
Once we know what your company’s goals are, we can build a group benefit plan to help accomplish these objectives.
If you have more than one type of employee (Executives, Sales, Labourers, etc.) then perhaps you should be looking at customizing your plan for the different employees inside your group.
You may want to use your benefit plan to reward employee loyalty by increasing benefits over time instead of taxable cash bonuses. This can be accomplished either through group benefits, healthcare spending accounts or a Group RRSP.
Ongoing monitoring of your plan and our industry is used to help us be proactive in making your plan both cost effective and to ensure it evolves as your needs change.
By taking the time to pull together a few past renewals for us to analyze we can let you know if you are being treated fairly by your current provider.
Other Services for Business Owners
Retirement Compensation Arrangements (RCA’s) & Individual Pension Plans (IPP’s)
Business owners & executives have an opportunity to increase their contributions to a retirement program beyond regular RSP’s. This offers tax-efficient retirement savings and also allows for increased tax deductions to the corporation. We can help you explore you whether a RCA or and IPP may be right for your company.
It is essential that principals of corporations and small businesses develop a partnership agreement and a fully-funded buy/sell agreement. Our team can assess your current buy/sell arrangements and make recommendations on the best funding vehicles in the event of death, critical illness or long-term disability.
Disability Insurance Top-Ups
For many business owners & executives, the disability coverage offered by your company’s group plan may not provide adequate coverage. Our team can assess your current coverage and make recommendations regarding what options are available on a tax-effective basis.
Key Person Insurance
Most businesses have a few “key people” who play a critical role in running your company. Our team will assess the risk in the event of the death, critical illness or long-term disability of such a key person and provide solutions to address these risks.
Business Owner or Key Person Creditor Insurance
As a business owner, your future plans rely on the success of your company. On the death of an owner or key employee, will the cash be there when the bank calls the loan? Our team reviews the creditor coverage you have in place & ensures you are getting the best price & that the focus is on protecting your business, not the bank.
Succession Planning Services
You’ve worked hard to build a successful business & need to build a succession plan. There are many factors to consider, especially the taxation of the assets on transfer & methods for funding the purchase by the buyer of the business. Our team can work with your other advisors to address each issue relating to your plan.
International Truckload Services Inc. has been associated with the professional services of Lorne Curry since August of 2009. During our negotiations with Lorne…Catherine Melanson
Ontario Truss & Wall have utilized the professional services of Lorne Curry and Curry Financial Group since 2010. After joining Ontario Truss & Wall in May 2018, I quickly found payroll and group…Andrew Bryden, CPA, CA
Our Company has been with Curry Financial Group for many years now and couldn’t be happier with them. Lorne and his teams hands on service of our plans suits our smaller business needs…Sean Bowen
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