
[FREE DOWNLOAD] Group insurance Quick Tax Facts Guide for 2025
By: Benefits by Design | Tuesday January 28, 2025
Updated : Monday February 3, 2025![[FREE DOWNLOAD] Group insurance Quick Tax Facts Guide for 2025](https://www.bbd.ca/wp-content/uploads/2022/03/Quick-Tax-Facts-e-book-Banner.webp)
Each year, we produce a Canadian group insurance Quick Tax Facts Guide (say that five times fast) for employers and advisors. This guide includes critical information about taxes, their implications, taxable and non-taxable benefits, and their rates as they affect group benefits plans each year.
Benefits by Design (BBD) and People Corporation makes every effort to ensure that this document is accurate and up to date. However, legislature and policies may change over time. This document is updated annually for each new tax year.
What is in the Quick Tax Facts Guide?
Here’s what you can expect from the guide:
- Canada Pension Plan (CPP) annual contribution limits, including the secondary contribution level;
- Quebec Pension Plan (QPP) annual contribution limits, including the secondary contribution level;
- Employment Insurance (EI) annual update of the weekly maximum;
- Quebec Parental Insurance Plan (QPIP) annual updates;
- Registered Pension/Savings Plan annual contribution limits;
- Tax-Free Savings Account annual contribution limits;
- Canadian Dental Care Plan (CDCP) reporting obligation and how to;
- Provincial Medical Plan information, including funding and payroll exemptions;
- Group Benefits Taxation, detailing which benefits are taxable or non-taxable.
- Canadian Dental Care Plan (CDCP) tax reporting obligations.
Group Benefits Taxation: What are Non-Taxable and Taxable Benefits?
Looking for Previous Years’ Tax Guides?
We update the Tax Quick Facts Guide annually to be relevant for the new tax season. However, if you have a need for any of the previous Tax Guides, here they are:
- 2018 — Download Now
- 2019 — Download Now
- 2021 — Download Now
- 2022 — Download Now
- 2023 — Download Now
- 2024 — Download Now
Unfortunately, due to the COVID-19 pandemic that began in March, 2020, we did not update the Tax Quick Facts Guide for that year.