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Group Insurance Benefits for Small Businesses

Attracting and retaining top talent is one of the biggest challenges for Canadian startups. Offering competitive benefits significantly improves satisfaction, loyalty, and productivity.

Talent Retention
Recruitment Edge
Tax Advantages

Our Specialized Group Solutions

We specialize in designing group insurance solutions tailored for small businesses, startups, professional firms, and incorporated contractors.

The Modern Choice

IFA (Individual Flex Account)

A flexible, budget-controlled benefits solution designed for small teams with diverse needs.

  • Employer-defined annual budget
  • Employees choose how to spend
  • 100% Predictable employer costs
  • Tax-efficient reimbursement model
Explore IFA Benefits
The Foundation

Extended Health Coverage

Comprehensive protection that goes beyond provincial health programs (like OHIP).

  • Prescription drug coverage
  • Dental & Paramidical services
  • Vision care & Travel insurance
  • Mental health & Hospitalization
Explore Health Plans

Why Extended Health Is Essential

Provincial healthcare (OHIP) leaves massive gaps in everyday coverage. For a small business, offering extended health isn't just a "perk"—it's a critical tool for maintaining employee wellness and productivity.

Paramedical
Vision Care
ER Travel
Mental Health

Estimated Cost (2026)

Employee CountBasic Plan (Monthly/Emp)
1 – 5$100 – $150
5 – 15$90 – $140
15 – 50+$80 – $130

*Estimates per employee per month. Actual costs depend on age, industry, and previous claims history.

Who Should Offer Benefits?

Growing Startups

Compete with big tech by offering flexible benefits that match your innovative culture.

Professional Firms

Law practices, medical clinics, and engineering firms protecting their elite talent.

Incorporated Contractors

Turn your personal health expenses into tax-deductible business costs.

Common Mistakes to Avoid

Waiting too long to start
Ignoring diverse demographics
Over-insuring with unused perks
Choosing cheapest plans vs flexible plans

Frequently Asked Questions

Yes. Many Canadian insurers offer specialized plans designed for very small teams, sometimes referred to as 'Micro-group' plans. Even a business with just one employee (incorporated) can often qualify for a flex account or a pooled health plan.
It depends on your team. IFA offers maximum budget predictability for the employer and total choice for the employee. Traditional plans offer more structured coverage for catastrophic events. Many of our clients combined the two for the 'best of both worlds' approach.
In most cases, yes. The premiums paid by a corporation for employee health and dental coverage are considered a 100% tax-deductible business expense in Canada.
Yes, modern group plans place high priority on mental health, typically including coverage for psychologists, social workers, and counselors, as well as digital mental health tools.

Ready to Empower Your Team?

Get in touch with our experts to design a plan that matches your budget and your people's needs.