Blog

Talking About Financial Matters That Affect You and Your Organization

Selectpath and Interval Partner To Deliver Real-Time Valuation To Clients

Posted by

May 9th, 2023

Selectpath and Interval Partner To Deliver Real-Time Valuation To Clients

London, ON, May 9th, 2023 | For Immediate Release - interVal, an innovative and comprehensive software platform to help business owners measure, understand, and monitor the value and health of their business, today announced a distribution partnership with London-based Selectpath, a leading financial advisory firm specializing in employee benefits, wealth management and insurance with offices...

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Selectpath and Interval Partner To Deliver Real-Time Valuation To Clients

Tax Loss Selling Overview

Posted by

Dec 2nd, 2022

Tax Loss Selling Overview

As a resident of Ontario, Canada, you may be able to reduce your annual tax spending through a strategy known as Tax Loss Selling. This strategy involves selling investments that have decreased in value before the end of the tax year in order to offset any capital gains you may have made from other investments. By doing this, you can effectively reduce the amount of tax you owe on your capital...

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Tax Loss Selling Overview

Year End Planning

Posted by John V. Sabourin

Nov 21st, 2022

Year End Planning

Year end financial planning is an essential process for individuals and businesses. It involves reviewing your income, expenses, and investments, as well as making necessary adjustments to your financial plan. This process allows you to take a comprehensive look at your financial situation and identify any areas that need improvement. For example, you may realize that you need to save more for...

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Year End Planning

Canada Dental Benefit Update - September 2022

Posted by Carson J. Oudman

Sep 15th, 2022

Canada Dental Benefit Update - September 2022

Primary Impact – At this time, there is no impact to your Benefits program, as the government is indicating a condition of coverage is not having access to private Dental coverage. In addition, coverage is specifically based on family income, with benefits ranging from $260 to $650 per child per year, and no Benefit for families with combined $90,000+ income or private coverage. The benefit...

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Canada Dental Benefit Update - September 2022

Tax Tips 2022

Posted by John V. Sabourin

Feb 15th, 2022

Tax Tips 2022

With tax season coming to an end soon, Selectpath wants to make sure you have all the information you need. Check out this handy chart filled with tips, if you still have questions or are looking for financial advice, contact Selectpath today to speak to one of our many excellent Financial Advisors! 

Tax Time Infographic

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Tax Tips 2022

Selectpath Benefits & Financial Inc. Announces the Launch of Selectpath Insurance and the Addition of Selectpath Atlantic

Posted by Gordon R. Hart

Jun 17th, 2021

Selectpath Benefits & Financial Inc. Announces the Launch of Selectpath Insurance and the Addition of Selectpath Atlantic

London, ON, June 15th, 2021 | For Immediate Release – Selectpath Benefits & Financial Inc. (“Selectpath”), is an independent employee benefits consulting firm focused on Canadian organizations. As one of Ontario largest benefits and financial services advisory firms, we work in partnership with our clients and guide them along The Right Path® to financial security and success. We do this by...

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Selectpath Benefits & Financial Inc. Announces the Launch of Selectpath Insurance and the Addition of Selectpath Atlantic

Individual Pension Plan Benefits

Posted by John V. Sabourin

May 25th, 2021

Individual Pension Plan Benefits

Learn more about Individual Pension Plan Benefits by watching (Video)) (PDF)

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Individual Pension Plan Benefits

Selectpath COVID19 Resources Hub for Client Insurance Companies and Provincial Announcements

Posted by Jeff Cox

Dec 24th, 2020

Selectpath COVID19 Resources Hub for Client Insurance Companies and Provincial Announcements

Your Selectpath team continues to work hard to support you and your staff in this challenging time. We know that you are managing many business demands, employee concerns, and a variety of other challenges. We want to continue to provide information and resources that are helpful in your employment decisions, Benefit Plan management, and staff support.

We are ready to assist your team with...

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Selectpath COVID19 Resources Hub for Client Insurance Companies and Provincial Announcements

Young Londoners can gain FREE leadership advice and inspiration from some of our community’s top leaders!

Posted by Jeff Cox

Nov 16th, 2020

Young Londoners can gain FREE leadership advice and inspiration from some of our  community’s top leaders!

London Mayor Ed Holder, London Police Chief Steve Williams, Western President Alan Shepard, Fanshawe President Peter Devlin, TVDSB Director of Education Mark Fisher, LDCSB Director of Education Linda Staudt, MP Kate Young, MP Lindsay Mathyssen, MP Peter Fragiskatos, MP Karen Vecchio, and SelectPath CEO and President Gordon Hart, have all created videos that are part of Investing in...

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Young Londoners can gain FREE leadership advice and inspiration from some of our  community’s top leaders!

WEBINAR: TACKLING HR IN OUR POST COVID WORLD OF WORK – LET’S GET READY TOGETHER

Posted by Jeff Cox

Sep 17th, 2020

WEBINAR: TACKLING HR IN OUR POST COVID WORLD OF WORK – LET’S GET READY TOGETHER

Webinar Summary:


As life slowly returns to its new normal, so does the workplace, but this time everything looks and feels completely different.

New laws and new entitlements, bringing on different insecurities and new legal challenges.

Work from home arrangements, are they here to stay and if so, how do we cover our bases from a risk perspective. Ongoing health concerns, absenteeism and...

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WEBINAR: TACKLING HR IN OUR POST COVID WORLD OF WORK – LET’S GET READY TOGETHER

Selectpath Partners With Navacord

Posted by Jeff Cox

Jul 22nd, 2020

Selectpath Partners With Navacord

It has been an exciting few weeks at Selectpath and it is my pleasure to formally announce that we have partnered with Navacord, one of Canada’s top four commercial insurance brokerages and a leader in risk management services with more than $1.4 billion in premiums.

As we continued our growth journey at Selectpath, we wanted to scale our business but also maintain our culture,...

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Selectpath Partners With Navacord

Covid-19 Canadian Government Response Plan

Posted by John V. Sabourin

Mar 20th, 2020

Covid-19 Canadian Government Response Plan

COVID-19 Canada's Economic Response Plan Guide

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Covid-19 Canadian Government Response Plan

The Economic Implications of Coronavirus

Posted by John V. Sabourin

Mar 3rd, 2020

The Economic Implications of Coronavirus

In recent weeks, news about the coronavirus has dominated headlines and has become even more prominent in the last week as the virus continues to spread. But there is something that has been spreading even quicker: fear. This includes fear about the economies that have been affected by the coronavirus.

The fact is that uncertainty breeds fear. We don't know how long the impact of the virus...

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The Economic Implications of Coronavirus

Why don't we talk about money?

Posted by John V. Sabourin

Feb 27th, 2020

Why don't we talk about money?

Money plays a big roll in all of our lives, so you would think that we would have no problem talking about it. Yet somehow, it has become a taboo subject within many families, or even between friends. I think the only thing we might talk about less, is estate planning, but that is worthy of a separate blog on its own. I think it is understandable that we do not talk about money as it can lead...

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Why don't we talk about money?

Voluntary Benefits - Parachute

Posted by Gordon R. Hart

Dec 19th, 2019

Voluntary Benefits - Parachute

Organizations are challenged to keep their benefit plan offering relevant to ever changing workforce needs. One of the greatest needs is the protection against unexpected death or illness. While group benefit programs are intended to provide protection, they are often not enough for many plan members. The financial strain of trying to provide the best protection for all plan members is...

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Voluntary Benefits - Parachute

Communication & Education

Posted by Gordon R. Hart

Dec 19th, 2019

Communication & Education

Organizations can struggle with developing tools to communicate, educate and engage members about their employee benefit plan. Selectpath has put together our own offering to provide our clients with engaging, easy-to-understand communication materials in multiple formats and platforms to help them understand their benefits in a medium they are most comfortable with. Utilizing these services...

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Communication & Education

Modular Flexible Benefits

Posted by Gordon R. Hart

Dec 19th, 2019

Modular Flexible Benefits

Currently approximately 77% of benefit plan members are enrolled in a traditional one-size-fits-all group benefit plan. When asked, 64% of members would prefer flexible choices on the coverage their program provides. Typical flex plans provide members with options to purchase more robust coverage to enhance the base program offered. Since members would own the design of their program, they...

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Modular Flexible Benefits

Benefits Cost Sharing – Box 85

Posted by Gordon R. Hart

Dec 19th, 2019

Benefits Cost Sharing – Box 85

Organizations who share the cost of the benefit plan with plan members should be aware of Box 85 on the member T4. The portion deducted from employees pay for Health and Dental benefits belong in this section of their T4. Here is the wording from CRA’s website,

If you make contributions to a private health services plan (such as medical or dental plans) for employees, there is no...

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Benefits Cost Sharing – Box 85

Taxable Benefits – T4

Posted by Gordon R. Hart

Dec 19th, 2019

Taxable Benefits – T4

As we enter the year end, it is important to remember that employer paid premiums for Life, AD&D, Dependent Life, Critical Illness and Long-Term Disability* premiums must be shown as a taxable benefit. In Quebec, all premiums paid by the employer must be recorded as a taxable benefit. You can learn more about the taxable benefits on CRA’s site .

Selectpath has uniquely positioned...

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Taxable Benefits – T4

Plan Administration Liability - PALC

Posted by Gordon R. Hart

Dec 19th, 2019

Plan Administration Liability - PALC

Property or Casualty Insurance (P&C) couldn’t be more different than the services Selectpath provides within the Financial Services space. But one of the areas where there is significant overlap is in the administration of employee benefit and group retirement plans. Failing to administer these plans properly can lead to catastrophic loss for plan members and the organizations that...

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Plan Administration Liability - PALC

Digital Benefits – Benefits HQ

Posted by Gordon R. Hart

Dec 19th, 2019

Digital Benefits – Benefits HQ

With the ever-growing list of compliance regulations for employee benefits, keeping up with the workload can seem almost impossible. The larger an organization becomes, the greater the complexity due to staffing changes and coverage customizations. For the most part, insurers and providers have downloaded all the record-keeping duties to the plan administrator. Does your organization have...

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Digital Benefits – Benefits HQ

Ontario Out-of-Province/Out-of-Country Coverage Changes - OHIP

Posted by Gordon R. Hart

Dec 19th, 2019

Ontario Out-of-Province/Out-of-Country Coverage Changes - OHIP

Starting January 1, 2020, the Ontario government will eliminate OHIP’s Out-of-Country Travelers Program. Up to December 31, 2019, OHIP covers

· Doctor’s services (e.g. medical assessments and emergency surgery),

· Emergency outpatient services (e.g. MRI’s and CT scans) and

· Emergency inpatient services (e.g. hospital stays, nursing services)

Effective January 1st, only...

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Ontario Out-of-Province/Out-of-Country Coverage Changes - OHIP

Eligibility Rules

Posted by Rose Harburn

Aug 15th, 2019

Eligibility Rules

Plan sponsors often struggle to manage the growing list of responsibilities with limited time and resources. Maintaining plan member eligibility is the single most important responsibility of a plan sponsor. Most benefit plans are self-administered which means that the plan sponsor, and their appointed plan administrator, are responsible to maintain plan member records on-line or via...

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Eligibility Rules

What Does Benefits Fraud Look Like?

Posted by Gordon R. Hart

Aug 9th, 2019

What Does Benefits Fraud Look Like?

People you may not expect, like health and dental service providers, friends, family members, and colleagues, could all lead you to commit benefits fraud. It is possible to become involved in it because it was suggested by someone you trust. It’s important to learn what it looks like so you can help prevent it.

Benefits fraud occurs when the plan member intentionally submits false or...

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What Does Benefits Fraud Look Like?

Employer Considerations in a Changing Landscape Inclusive of Cannabis

Posted by Gordon R. Hart

Aug 8th, 2019

Employer Considerations in a Changing Landscape Inclusive of Cannabis

It is important to recognize that while medical cannabis has been legal since 2001, the issue of recreational access (effective October 2018) and use brings with it uncertainty for both employees and employers. While employers grapple with the issues surrounding cannabis, it is important that human resource policies and employee communications adequately cover the emerging issues. Due to the...

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Employer Considerations in a Changing Landscape Inclusive of Cannabis

Digital Health

Posted by Gordon R. Hart

Aug 7th, 2019

Digital Health

The Canadian healthcare industry is changing rapidly as stakeholders seek to find more efficient ways to deliver access and care. Digital platforms and the prevalence of smartphones has brought the connection of healthcare and technology to a level that is reducing the barriers for care. Instead of having to arrive at walk-in clinic or urgent care and wait your turn (rationing is a...

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Digital Health

Corporate Wellness Video Series ft. Gordon Hart

Posted by Gordon R. Hart

Mar 29th, 2019

Corporate Wellness Video Series ft. Gordon Hart

Our very own Gordon Hart, President and CEO, Right Path Advisor sat down with Employee Wellness Solutions Network to discuss: How wellness fits within a benefits strategy, How workforce's have changed, EAP vs Wellness, and much more!

Watch using the link below.

Corporate Wellness Video Series - S1 E19 - Gordon Hart

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Corporate Wellness Video Series ft. Gordon Hart

Introducing Flexbox: Benefits Plans For a Small Business

Posted by Kevin L. Routley

Feb 18th, 2019

Introducing Flexbox: Benefits Plans For a Small Business

Are you a business in Ontario, Manitoba or Saskatchewan with 2 to 20 employees? Get an estimate in minutes or apply online now. http://bit.ly/flexbox_selectpath

Why choose Flexbox?

Group benefits are your key to attracting and retaining top talent, and staying competitive in your industry.

Flexbox offers:

  • Flexible design - Choose the benefits that fit your business. Creating a custom plan...
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Introducing Flexbox: Benefits Plans For a Small Business

2018 Year in Review: What to keep an eye on in 2019

Posted by Gordon R. Hart

Jan 28th, 2019

2018 Year in Review: What to keep an eye on in 2019

The war on talent is real. Jobless rates are at 1976 levels with a 5.9% Canadian unemployment rate as reported in October 2018. Over 4 million workers aged 55 plus in the workforce. The fight to keep your talent is only slightly easier than recruiting, and creating the right environment with the culture and support is critical for success. With everything that is unfolding in the insurance...

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2018 Year in Review: What to keep an eye on in 2019

Healthy Finances - Ways to Save

Posted by John V. Sabourin

Nov 26th, 2018

Healthy Finances - Ways to Save

Knowing financial lingo can help you make good financial decisions. Read on to see TFSAs decoded and find out how they can help you save.

TFSAs explained

Created by the federal government in 2009, Tax-Free Savings Accounts (TFSAs) can contain investments such as cash, GICs, mutual funds, segregated funds, stocks and bonds. You don’t get a tax deduction on your contributions like you would...

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Healthy Finances - Ways to Save

Why An All-in-one Provider Makes Sense

Posted by Gordon R. Hart

Sep 28th, 2018

Why An All-in-one Provider Makes Sense

One of the things I’m proudest of saying as the CEO of Selectpath is that at 51 employees, we are who our ideal customer is. When I started the company with my business partner, we had one employee and a single office with an external welcome area. We’ve gone through dramatic growth—from a very small boutique firm to an organization that deals with Fortune 500 companies.

All of the...

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Why An All-in-one Provider Makes Sense

Maximize Your Child’s Post-Secondary Education Savings

Posted by Ken McKinley

Aug 27th, 2018

Maximize Your Child’s Post-Secondary Education Savings

Three strategies to make every dollar count

Saving for your child’s education is probably one of your priorities along with saving for other short and long-term goals. That’s why it’s important to make sure every dollar you put towards your child’s post-secondary education savings goes as far as possible.

The cost of education

Today, Canadian students pay more than $16,000 on average for...

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Maximize Your Child’s Post-Secondary Education Savings

The Selectpath Story

Posted by J. Wayne Koch

Jul 9th, 2018

The Selectpath Story

While many companies talk the talk, Selectpath walks the walk. This vision has made Selectpath one of the largest independent financial services firms in Ontario.

Selectpath was formed in 1999 through the merger of two companies - Sabourin Financial Group and Select Benefit Services. Our vision was to offer a broad range of products, services and expertise to our clients and to deliver superior...

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The Selectpath Story

What technology means for benefits and financial services

Posted by Gordon R. Hart

Jul 6th, 2018

What technology means for benefits and financial services

Back around 2011 (through some kind of navel gazing) I foreshadowed that we were going to see the convergence of risk management, advice and technology in the benefits and financial services industry. As a result, Selectpath became an early adopter of technology and we have worked really hard to become students of change and technology. We’ve been learning to understand platforms and...

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What technology means for benefits and financial services

Will you Integrate With Ontario Government's Dental Plan?

Posted by Gordon R. Hart

Apr 2nd, 2018

Will you Integrate With Ontario Government's Dental Plan?

Kathleen Wynne's pre-election budget had plenty of goodies for taxpayers as we approach a fall election. One of the more interesting developments was the announcement of a provincial dental program for all Ontario residents not covered by a workplace health insurance plan. The details of the plan were limited, but suggested that 80% of eligible dental expenses up to a maximum of $400 for a...

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Will you Integrate With Ontario Government's Dental Plan?

LTD (Long Term Disability) Claims Process

Posted by Gordon R. Hart

Mar 29th, 2018

LTD (Long Term Disability) Claims Process

Dealing with an injury or illness that is preventing you from earning your income is tough enough, but navigating the Long-Term Disability process can become frustrating and exhausting. Here are some steps you should take when making your initial submission,


1. Understand your existing program. This means having an up-to-date copy of your employee benefits booklet, benefits statement, and...

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LTD (Long Term Disability) Claims Process

G19 - Commission Disclosure for Group Benefits & Retirement Plans

Posted by Gordon R. Hart

Mar 2nd, 2018

G19 - Commission Disclosure for Group Benefits & Retirement Plans

Canadian Life and Health Insurance Association (CLHIA) has announced its intention on disclosing group insurance commissions effective January 1, 2019.

The current debate over whether disclosure is required has created multiple story lines within the industry. CLHIA members are implementing policy G19 to avoid regulators imposing disclosure, or even banning commissions altogether. Some advisors...

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G19 - Commission Disclosure for Group Benefits & Retirement Plans

Is Medical Cannabis Coverage a Desired Change by Employers?

Posted by Kevin L. Routley

Feb 22nd, 2018

Is Medical Cannabis Coverage a Desired Change by Employers?

Well... the public has been waiting to see which of the large insurers was going to move forward first on adding medical cannabis to employee benefit programs. Sun Life announced February 15th that they have reassessed their position and have determined that medical cannabis can be added as optional coverage under an Extended Health Care (EHC) benefit at the request of the plan sponsor. The...

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Is Medical Cannabis Coverage a Desired Change by Employers?

Having an Open and Unlimited Benefit Program

Posted by Kevin L. Routley

Jan 4th, 2018

Having an Open and Unlimited Benefit Program

Most benefit programs have an open formulary and many offer unlimited drug coverage for any drug that legally requires a prescription. Open and unlimited are the key words here. Not only is there no maximum to cost, there is also no control over the introduction of new medications, cognitive fees or governmental legislative de-listings.

Implication: With an open benefit formulary, employers...

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Having an Open and Unlimited Benefit Program

OHIP+ Children and Youth Pharmacare Launches Jan 1, 2018

Posted by Carson J. Oudman

Jan 2nd, 2018

OHIP+ Children and Youth Pharmacare  Launches Jan 1, 2018

In April and August of this year, you received communications from our Selectpath team outlining the highlights of the OHIP+ Children and Youth Pharmacare program effective January 1, 2018.

As the launch date is quickly approaching, we have included below a brief additional update, as well as a Draft Employee Communication you are welcome to use.

Draft Employee Communication - please see the

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OHIP+ Children and Youth Pharmacare  Launches Jan 1, 2018

Employee Benefit Audits are a Helpful Step to Control and Demonstrate Exposure

Posted by Kevin L. Routley

Sep 5th, 2017

Employee Benefit Audits are a Helpful Step to Control and Demonstrate Exposure

While most employers are looking only at bottom line cost and keeping their overall rates in check, more often than not, they are missing the true drivers of benefit cost increases. As the City of Toronto's Auditor General's Report points out, the true driver of cost are the claims that sneak through the system.

http://www.toronto.ca/legdocs/mmis/2017/au/bgrd/ba...

A common scenario: Its'...

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Employee Benefit Audits are a Helpful Step to Control and Demonstrate Exposure

Selectpath Benefits & Financial expands its operations in Southwestern Ontario with the addition of the LBM Consulting team

Posted by J. Wayne Koch

Aug 29th, 2017

Selectpath Benefits & Financial expands its operations in Southwestern Ontario with the addition of the LBM Consulting team

Bringing together Selectpath's existing Sarnia, Ontario operations with those of LBM Consulting will create a strong platform for future growth. The deal simultaneously reinforces Selectpath as a major player in the Canadian employee benefits and wealth management business, complementing existing operations in Sarnia and London with a similarly strong platform for growth, and substantially...

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Selectpath Benefits & Financial expands its operations in Southwestern Ontario with the addition of the LBM Consulting team

The Selectpath Scholarship Program

Posted by Jeff Cox

Jul 27th, 2017

The Selectpath Scholarship Program

The Selectpath Scholarship Program was created because Selectpath Benefits & Financial Inc. believes in education and its ability to help people achieve their dreams. The scholarship is awarded annually to a child or grandchild of a Selectpath employee who will be pursuing post-secondary education or training the following year. Each applicant must answer the question “How Will I Make a...

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The Selectpath Scholarship Program

Selectpath 2017 Summer Reading List

Posted by Jeff Cox

Jul 11th, 2017

Selectpath 2017 Summer Reading List

Why Smart People Make Big Money Mistakes and How to Correct Them – by Gary Belsky and Thomas Gilovich

This book looks less at the mechanics of personal finance and more at the behavior of the person. It outlines 7 of the most common traits that end up hurting our long-term goals. The authors break down normally complex financial and psychological concepts into easy-to-relate-to stories....

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Selectpath 2017 Summer Reading List

Continuation of Benefits for Disabled Employees

Posted by Gordon R. Hart

Jun 28th, 2017

Continuation of Benefits for Disabled Employees

One of the questions most commonly asked by our clients is:

“How long do we have to continue benefits for an employee who is no longer actively at work due to illness or injury?”

Unfortunately, there is no definitive answer and each situation must be carefully examined on an individual case basis.

In this article, we have outlined the position of the Worker’s Compensation Boards,...

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Continuation of Benefits for Disabled Employees

The Benefits Alliance Group

Posted by J. Wayne Koch

Jun 22nd, 2017

The Benefits Alliance Group

We are excited to officially announce that Selectpath is joining The Benefits Alliance Group as of July 1st, 2017. This organization is the premier network of benefits and pension advisory firms in Canada and stretches from coast to coast. By joining this organization, Selectpath is looking to add new capabilities such as bench-marking of programs and increasing advocacy with the insurers and...

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The Benefits Alliance Group

Selectpath Recognized As One Of Canada's Top 100 SME by Mediacorp Canada

Posted by Scott Murphy

May 10th, 2017

Selectpath Recognized As One Of Canada's Top 100 SME by Mediacorp Canada

London, ON - Selectpath Benefits & Financial Inc. (Selectpath), announces that they have been recognized as one of Canada’s Top 100 Small and Medium Employers. Canada’s Top 100 Small & Medium Employers recognizes the small and medium enterprises (SMEs) that offer the nation’s best workplaces and forward thinking human resources policies. The 2017 winners were announced at an awards...

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Selectpath Recognized As One Of Canada's Top 100 SME by Mediacorp Canada

Corporate Office - London

310-700 Richmond Street
London, ON N6A 5C7

Tel: (519) 675-1177

Toll-Free: (888) 327-5777

Directions

Sarnia

200-429 Exmouth Street
Sarnia, ON N7T 5P1

Tel: (519) 337-0807

Toll-Free: (877) 822-1522

Directions

Halifax

305-1949 Upper Water Street

Halifax, NS B3J3N3

Tel: (902) 797-1391

Toll-Free: (833) 832-2230

Directions

Saint John

190-17 Canterbury Street

Saint John, NB E2L2C3

Tel: (506) 638-6549

Toll-Free: (833) 832-2230

Directions

Windsor

Belle River, Ontario

1303 Essex County Road 22, Unit 303, N0R 1A0

Financial Tel: (519) 258-5510

Employee Benefits Tel: (519) 419-5515



Directions

Oakville

1464 Cornwall Road, Unit 1

Oakville ON L6J 7W5

Tel: (866) 940-3777

Directions