Canadian Group Insurance for Foreign Companies

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Benefit Plans for Canadian Employees of Foreign Companies Operating in Canada

Many American and foreign companies are opening branch offices and separate companies in Canada and require comprehensive benefit plans for their Canadian employees. TFG Global Insurance Solutions Ltd. has extensive experience sourcing domestic group insurance and pension plans for foreign companies operating in Canada. This is especially true for American corporations with 1 to 300 employees located in Canada which require:

  • Independent and expert analysis of their group insurance and pension needs,
  • Analysis of existing group benefit plans
  • A full and detailed market search and comparison
  • Ongoing service and support of a new or existing benefit plan for the Canadian company – including working with the US head office.
  • Coverage for Canadian employees who work or travel to the USA
  • A firm which is accustomed to working with foreign companies with employees located in Canada

Contact Us On Canadian Benefit Plans

If your company is opening an office in Canada or if you would like a review of an existing benefit plan, please contact TFG Global today. Our firm is compensated by the existing or new insurance company, or we work on a consulting basis.

TFG-Global-Domestic-Group-Insurance-Brochure

Download our brochure which details the extensive employee group insurance and pension plan services that we offer Canadian companies. This includes group life, AD&D, short term disability, long term disability, extended health insurance, dental, vision and travel medical insurance.

Why Foreign Companies Choose TFG Global for Their Canadian Employee Benefits

Setting up in Canada is exciting, but it also comes with a benefits landscape that looks quite different from what most foreign head offices are used to. Canada has provincial healthcare, so a group plan here needs to work alongside government coverage rather than replace it, and every province has its own quirks when it comes to drug formularies, disability rules and premium taxes. For a US or other foreign company opening its first Canadian office, that can feel like a lot to figure out on top of everything else involved in launching a new entity. This is exactly the gap we help close.

We work as an extension of your HR or finance team, translating what can feel like an unfamiliar system into a straightforward plan that’s competitive, compliant and easy to administer. Because we’re not tied to a single insurance carrier, we go to market on your behalf, compare proposals from Canada’s major group insurers, and bring back a plan that actually fits your headcount, budget and industry, rather than a one-size-fits-all package.

A Plan That Grows With You

Many of the foreign companies we work with start small in Canada, sometimes with just a handful of employees, and grow from there. We build plans that can scale with you, so you’re not stuck renegotiating everything from scratch every time you hire your next five or ten people.

And because we handle the ongoing service and claims support directly, your Canadian team gets a responsive local point of contact, while your US or overseas head office gets regular reporting and renewal reviews they can actually use for budgeting. We can often start a plan with only three employees as long as your company has a legal company set up in Canada. We can refer your company to a law firm which can assist you in this process.

Coordinating With Your US or Global Benefits Program

For many of our clients, the Canadian plan isn’t standing alone. It needs to line up sensibly with a broader US or global benefits philosophy, so that an employee transferring between offices doesn’t experience a jarring drop or gap in coverage.

We regularly coordinate with US head offices and global HR teams to make sure the Canadian plan complements what’s already in place elsewhere, rather than existing in isolation. That includes thinking through details like coverage for Canadian employees who travel to the US for work, and how short-term assignments or relocations should be handled from a benefits standpoint.

No Cost to Get Started

TFG Global is compensated by the insurance carrier once a plan is placed, or works on a consulting basis where preferred; there’s no cost to you for an initial review or market comparison. Whether you’re actively opening a Canadian office, already have employees here and want a second opinion on your existing plan, or are simply trying to understand what a Canadian benefits program should look like before you commit to anything, it costs nothing to have that conversation with us first. We can be appointed on existing Canadian benefit plans with a simple broker of record letter.

If your company is planning a move into Canada, or already has people here and wants a benefits program that’s built for the Canadian market rather than bolted onto a foreign one, reach out, and we’ll walk you through what a plan could look like for your team.

TFG Global Insurance Solutions Ltd. offers a variety of domestic & international insurance and financial products.  Our firm works hard to ensure that all products and providers recommended meet the needs of the client and deliver excellent value for money. We offer international insurance plans through our global insurance divisions.

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