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  • Long Term Care | JONES DesLauriers Blevins
    types of Long Term Care Insurance Policies One plan reimburses you for eligible expenses you receive on a given day up to a pre set maximum The other type of plan is referred to as income style It is extremely flexible and provides you with an income benefit to cover any type of service that you require from any source including family members How can I use my Long Term Care Benefits The type of LTC plan that you have will determine the benefits that you have available to you and what they can be used for There are three types of long term care Personal or Custodial Care provide assistance such as dressing bathing cleaning preparing meals eating toileting transferring incontinence cleaning laundry and paying bills Supervisory Care provides the necessary supervision to people who are cognitively impaired and need monitoring and verbal reminders to accomplish everyday tasks Skilled or Professional Care is provided in home or in a facility by a medical professional such as a doctor nurse or therapist and may include nursing care rehabilitation and therapy Do I need Long Term Care Insurance Long Term Care Insurance should be a part of everyone s plan for the future Will your retirement income be sufficient to provide you with adequate long term care when you can no longer take care of yourself Canadians are living longer Statistics Canada reports that one in every seven Canadians is 65 and over and projects that by 2021 Canada s seven million Canadian seniors will represent 19 of our total population According to a recent study done by Munich Re There is a 48 4 chance of a Canadian male aged 60 needing long term care There is a 64 2 chance of a Canadian female aged 60 needing long term

    Original URL path: http://www.jdbgroup.ca/personal-long-term-care/ (2016-04-26)
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  • Disability Insurance | JONES DesLauriers Blevins
    2006 Lack of mobility pain and reduced agility were the three most reported disabilities among adults aged 15 and over One in every 53 employed workers in 2007 was injured or harmed on the job and received workers compensation as a result What does Disability Insurance Cover Disability Insurance may replace a portion of your income if you have a Partial disability Recurrent disability Presumptive total disability if before age 65 you suffer the total and irreversible loss of speech or hearing of both ears or sight of both eyes or use of both hands or both feet or use of one hand and one foot Catastrophic total disability if before age 65 you satisfy the Loss of Independent Existence definition as defined by your policy Transplant surgery if you become disabled from a surgical procedure in which you are the donor of a body part transplanted to another person Rehabilitation program if you learn a new occupation while you are totally disabled you may participate in a pre approved vocational program There are many riders that may be added to a Disability Insurance policy and may include Cost of Living Adjustor Helps protect your benefit from inflation while you are disabled Accidental Death and Dismemberment Pays you or your estate a lump sum for loss of life sight in both eyes both hands both feet one hand and one foot or the use of both hands or both feet or of one hand and one foot 24 Hour Injury Protection Pays a monthly benefit while you are disabled due to injury that occurs any time of day on or off the job 24 Hour Sickness Protection Pays a monthly benefit while you are disabled due to sickness that occurs any time of day on or off the job Hospitalization

    Original URL path: http://www.jdbgroup.ca/disability-insurance/ (2016-04-26)
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  • Mortgage Insurance | JONES DesLauriers Blevins
    sometimes referred to as Mortgage Life Insurance or Creditor Insurance is a Life Insurance Policy that pays the balance or a pre determined amount of your mortgage to the lending institution if a person listed on the mortgage passes away becomes disabled is diagnosed with a critical illness or is diagnosed with a terminal illness The benefits details of coverage and conditions will vary depending upon the policy your participating lender and the product Regardless of your policy the benefits are paid directly to your lender Do I need Mortgage Insurance In the event of your death a disability critical illness or terminal illness would your family be able to keep up the mortgage payments You can protect your family home with Mortgage Insurance This flexible low cost insurance can ensure that your family doesn t lose their home in the event of personal tragedy What does Mortgage Insurance cost The cost of Mortgage Insurance is based on your age when you apply and the amount of your mortgage Your premiums will not increase for the term of your mortgage even as you get older Latest Blog Post JONES DesLauriers Blevins partners with Maple Leaf Angels and MLA48 JONES DesLauriers

    Original URL path: http://www.jdbgroup.ca/mortgage-insurance/ (2016-04-26)
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  • How Are Sponsors Reacting to the ORPP? | JONES DesLauriers Blevins
    survivor benefits commencing at age 65 subject to the ability to elect to start benefits as early as age 60 and as late as age 70 and provide for transition rules concerning the phasing in of contribution rates The Comparable Plan Exemption Of most interest to many employers will be the definition of a comparable workplace pension plan which will determine which employees do and don t participate in the ORPP Employees who participate in a comparable plan and their employers will not be required to contribute to the ORPP Employees who do not participate in a comparable workplace plan including employees serving a waiting period employees who have chosen not to enroll in a voluntary pension plan and employees who are not covered by a comparable plan must be enrolled in the ORPP Only registered pension plans RPPs will be considered comparable and only if they meet certain minimum thresholds see implementation timelines below for further details Group RRSPs and other types of savings plans like Deferred Profit Sharing Plans and Tax Free Savings Arrangements will not be considered comparable and employees participating only in those plans will not be exempt from participating in the ORPP For employers who currently sponsor a RPP a verification process will start in 2016 This process is expected to involve some form of employer confirmation of the terms of its RPP and an evaluation of its coverage Details about how this verification process will be administered have not been provided The Basic Earnings Exemption While the maximum ORPP earnings is set by legislation 90 000 the basic earnings exemption has not been specified In the ORPP Design Consultation Paper the government considered whether the basic earnings exemption should mirror the annual exemption applicable to the CPP 3 500 It is expected that more information about the basic earnings exemption will be announced in the near future Implementation Timelines The government has advised that the ORPP will be rolled out in four separate waves starting on January 1 2017 as follows The first wave will be comprised of large employers with 500 or more employees who do not as of August 11 2015 have a workplace RPP whether it qualifies as a comparable plan or not Partial contributions start January 1 2017 and reach the full combined 3 8 contribution rate by 2019 The second wave is for medium employers of 50 to 499 employees who do not as of August 11 2015 have a workplace RPP Partial contributions start January 1 2018 and reach the full combined 3 8 contribution rate by 2020 The third wave is for small employers with 50 or fewer employees who do not as of August 11 2015 have a workplace RPP Partial contributions start January 1 2019 and reach the full combined 3 8 contribution rate by 2021 The fourth and final wave is for employers who on August 11 2015 offer a RPP whether or not it is comparable at that time and whether or not

    Original URL path: http://www.jdbgroup.ca/how-are-sponsors-reacting-to-the-orpp/ (2016-04-26)
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  • ORPP – CPP Update | JONES DesLauriers Blevins
    for the CPP to be amended the following conditions must be satisfied the federal government and 2 3 of included provinces must agree and the included provinces in agreement must constitute 2 3 of the population This is no small feat Even if the new federal government initiates consultations in late 2015 or early 2016 it is reasonable to expect that the consultation process could take years Accordingly there may not be agreement before the first wave of the ORPP is scheduled to take effect on January 1 2017 Morneau to Meet With Provinces ASAP on Changing CPP Prime Minister Justin Trudeau has told Finance Minister Bill Morneau to meet with his provincial and territorial counterparts as soon as possible to start working on enhancing the CPP The instruction was one of the top priorities Trudeau listed in his mandate letter to Morneau which was made public Nov 13 ORPP Legislative Commitment Following the election Ontario Premier Wynne indicated that her government is optimistic that CPP enhancement is possible However in light of the provincial support required to achieve expansion she also confirmed that Ontario will proceed with the ORPP for now The Ontario government has emphasized that one of these options CPP expansion or the ORPP must come to fruition While the prior federal government refused to cooperate with Ontario on the implementation of the ORPP the new government appears to be more accommodating and prepared to consider amendments to the Income Tax Act Canada and sharing of the existing CPP infrastructure regardless of the status of CPP expansion Such cooperation would further assist the Ontario government with the implementation of the ORPP Time to Prepare Given these developments employers will likely want to continue to prepare for ORPP implementation which is set to start as early as January

    Original URL path: http://www.jdbgroup.ca/orpp-cpp-update/ (2016-04-26)
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  • Support for Buddy Bench | JONES DesLauriers Blevins
    our team with young children suggested the charity with the below reasoning how could we not support this great local initiative The idea of a buddy bench really hits home for me as I have two young boys in school The basic idea behind the buddy bench is simple a small wooden bench is placed in the school yard and if a child sees another sitting by themselves on the bench they can invite that child to play with them I know for me one of my biggest worries when I sent my boys off for their first day of school was will they make friends Will they be alone Just knowing that the buddy bench is in my boys school helps lessen my worries I remember the day my oldest son William came home from school excited to tell us about the new bench at school He was 6 at the time and really understood what it all meant I love the idea that the elementary schools and high schools are partnering on this project The construction classes in high school work to make a plan and build the benches from scratch Then they are delivered to the public

    Original URL path: http://www.jdbgroup.ca/support-for-buddy-bench/ (2016-04-26)
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  • ORPP Bill Passes Final Vote | JONES DesLauriers Blevins
    even lower in 2012 only about one quarter of workers aged 25 to 34 participated in workplace pension plans compared to nearly half of workers aged 45 to 54 A number of studies show that many people are not saving enough to maintain a similar living standard in retirement The ORPP will expand pension coverage to millions of working Ontarians How Does the ORPP Affect Business Owners and Employees Through conversations with employers and employees the reaction to the new Ontario Retirement Pension Plan ORPP has been one mostly of negativity and lots of confusion Many employers see the ORPP as just another tax which the Government is implementing Employees look at the ORPP as an additional CPP contribution where like CPP future payments are unknown or unclear and calculations of those future payments are greyer than ever So Where Does the Truth Lie Will the ORPP truly solve all of Ontarians retirement woes The short answer is no but the reasoning behind it is a much broader debate One fact is true Ontarians are NOT saving enough for retirement We will leave out the current Ontarians who are not contributing in any form to their retirement savings This group of people will certainly benefit from the ORPP as it will force them to put additional money away Even then solely relying on government benefits will hardly allow you to go out for a decent meal in retirement let alone support your retirement hopes and dreams For Ontarians who are contributing to their retirement savings which could include Individual RRSPs Group RRSPs or DC Pension Plans Old Age Security Canada Pension Plan and TFSAs the new ORPP will add a much needed boost to the amount of money one receives in retirement When we speak about investing we speak about

    Original URL path: http://www.jdbgroup.ca/orpp-bill-passes-final-vote/ (2016-04-26)
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  • Fact or fiction: people drive your profit, productivity and competitiveness. | JONES DesLauriers Blevins
    cost their employers on average 46 of their salaries in lost productivity The average full time Canadian worker was absent for 9 3 days in 2011 Workplace absences resulted in the economy losing an estimated 2 4 per cent of the gross annual payroll Employee wellness programs have been proven to reduce healthcare costs absenteeism and presenteeism thus resulting in improved profits 77 out of the top 100 employers have a structured wellness program in place A healthier and productive workforce is less prone to claims leading to greater engagement and higher profitability Employees who are thriving in their overall wellbeing have 41 lower health related costs and 62 lower overall costs Every firm must manage their risks Risk is made up of different risk categories that formulate your overall Enterprise Risk Management Within each category of risk there are inherent people risk Managing your people risk is paramount to your success and perpetuation JONES DesLauriers Blevins conducts a thorough HR Audit to identify your risks and formulate meaningful HR metrics A solid HR Strategic Plan will focus on key behaviours and activities that lead to improved profits better productivity and greater competitiveness in your market Robert understands and appreciates

    Original URL path: http://www.jdbgroup.ca/fact-or-fiction-people-drive-your-profit-productivity-and-competitiveness/ (2016-04-26)
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