Changes to QST starting January 1st, 2027
Starting January 1, 2027, Quebec Sales Tax (QST) on all taxable insurance premiums will rise from 9% to 9.975%. If you have employees who reside in Quebec, keep this in mind when your January invoice is produced.
If you have further questions or concerns, reach out to your Client Success Representative or Advisor.
November is Financial Literacy Month: Empowering Employees Through Financial Wellness
Financial Literacy Month is a great opportunity to encourage employees to take control of their financial well-being. From budgeting and managing debt to saving for retirement and planning for the future, building financial confidence can help reduce financial stress and support overall wellness.
Employers can play an important role by providing employees with access to helpful resources and tools to make informed financial decisions.
That’s where benefitsConnect FinancialConnect comes in! Financial Connect is a self explore resource designed to help employees strengthen their financial knowledge, explore important financial topics, and build healthier financial habits. Whether employees are looking to improve their day-to-day budgeting, understand their savings options, or prepare for retirement, access to financial education can help them feel more confident about their future.
benefitsConnect Spotlight: Paul Crossdale Takes a Seat at the Gent’s Talk Panel
Men’s health took centre stage in York Mills, ON earlier this October as Samir Mourani hosted a Gent’s Talk podcast panel discussion. benefitsConnect President Paul Crossdale joined Empire Life’s Steve Pong, Senior Vice-President, Retail, and Tom Walmsley, Director, Enterprise Security and Emerging Technologies, for the conversation. They discussed a range of topics from general Men's Health, healthy leadership, IT Stigma, family and multi-general health.
Article Highlight: Help Gen Z employees save for an uncertain futute
Retirement may feel like a lifetime away for Gen Z, but starting early can make a significant difference. Thanks to the power of compound growth, even small, consistent contributions can grow over time and help build a stronger financial future.
Gen Z Employees at a Glance
- Born between 1997 and 2012 — currently 14 to 29 years old.
- Frequent career moves: On average, Gen Z employees change roles every 1.1 years.
- Growing influence: By 2030, Gen Z’s influence in the workforce will be hard to ignore.
With a generation that values flexibility and new opportunities, employers have an opportunity to make financial wellness and retirement savings part of the employee experience.
Joining a workplace Group Retirement Savings Plan (GRSP) is a great first step. Taking advantage of employer matching contributions, where available, can help maximize savings and make every dollar go further.
Canada Life has gathered information, and created a toolkit to help employers identify ways to improve engagement. Click the link below to explore more!
Industry News
New ISO standard could help employers address menopause stigma in the workplace: expert
Health-related barriers to employmentent costing Canada more than $100 billion: report
73% of Canadians caregivers sacrificing financial security to support loved ones: survey
Perk of the Month
PolicyMe makes it easy for Canadians to explore life insurance options online, helping employees protect their loved ones and gain peace of mind with simple, convenient coverage options.
Through benefitsConnect, get the first two months of premium for free!
Reach out to your Advisor or Client Success Representative for more information