Offering employee benefits isn’t just for large corporations. In Canada, small businesses can use group benefits to attract and retain talent, reduce turnover, and even save on taxes. Here’s what every small business owner should know.

1. What Are Group Benefits?
Group benefits plans typically include health, dental, vision, disability, and life insurance coverage. Employees often share the cost with the employer.

2. Why Offer Them?
Beyond showing you care, benefits boost morale and productivity. They’re also a powerful recruiting tool in Canada’s competitive labour market.

3. Cost and Flexibility
Plans can be customized based on budget and team size. For example, health spending accounts (HSAs) offer tax-efficient flexibility for small teams.

4. Legal and Tax Considerations
Premiums paid by employers are often tax-deductible business expenses, and employee contributions may come with tax advantages too.

5. Working with a Broker
An independent advisor can help design a plan that balances affordability with meaningful coverage, ensuring compliance with provincial regulations.

Conclusion:
Group benefits aren’t an expense—they’re an investment in your people and your company’s future. Even a small plan can make a big difference in employee loyalty and satisfaction.