Latest news in Benefits Canada News

KPMG in Canada supporting workplace DEI with leadership diversity targets, support for new Canadians

KPMG in Canada is aiming to achieve leadership representation of 33 per cent women and 26 per cent Black, Indigenous and people of colour by…

Pension investment organizations backing consolidated sustainability standards in joint statement

The leaders of 11 of Canada’s largest public sector pension investment organizations are calling on companies to adopt a new framework that would consolidate existing…

  • By: Staff
  • June 29, 2023 June 29, 2023
  • 12:30

Asset managers anticipating short-term growth: survey

More than four-fifths (84 per cent) of asset managers expect their firms will grow over the next 18 months, according to a new survey by…

  • By: Staff
  • June 29, 2023 June 30, 2023
  • 12:30

Employees finding compensation, benefits, career advancement opportunities less satisfying: survey

Employees are finding their compensation, benefits and options for career advancement are less satisfying, according to a new survey by ADP Canada. The survey, which…

  • By: Staff
  • June 29, 2023 June 28, 2023
  • 09:00
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Quebec court rules municipal sector pension law unconstitutional for retirees, justified for active members

The Quebec Court of Appeal has ruled the province’s Bill 15, which substantially modified municipal sector pension plans, is unconstitutional with respect to retirees but…

ACPM urging Ontario to remove burdensome requirements from proposed target-benefit pension framework

The Association of Canadian Pension Management is urging the Ontario government to ensure its proposed rules for multi-employer target-benefit pension plans don’t undermine existing incentives that enable…

  • By: Staff
  • June 29, 2023 June 29, 2023
  • 09:00
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Ontario Teachers’ appointing Bruce Crane as executive managing director, head of Asia-Pacific

The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and…

  • By: Staff
  • June 28, 2023 June 28, 2023
  • 15:00

Toyota Motor Manufacturing Canada providing employees, dependants with $10K in gender affirmation coverage

Toyota Motor Manufacturing Canada Inc. is providing employees and their dependants with $10,000 in lifetime gender affirmation coverage. The additional coverage complements existing benefits that…

Fewer U.S. employees working from home in 2022: report

Roughly a third (34 per cent) of U.S. employees say they worked from home at least part of the week in 2022, down from 2021…

  • By: Staff
  • June 28, 2023 June 28, 2023
  • 09:00
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BCI’s net assets grow 3.5% in fiscal 2023, led by alternatives

The British Columbia Investment Management Corp. saw a return of 3.5 per cent and increased its assets under management from $228.6 billion to $233 billion…

  • By: Staff
  • June 27, 2023 June 27, 2023
  • 12:30
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Ivanhoé Cambridge entering self storage partnership, Ontario Teachers’ backing telecom tower acquisition

The real estate arm of the Caisse de dépôt et placement du Québec is making its first investment in alternative industrial assets through a partnership…

  • By: Staff
  • June 27, 2023 June 27, 2023
  • 12:30

Accenture supporting LGBTQ2S+ employees with leadership training, mentoring

Accenture Canada is reinforcing its commitment to diversity, equity and inclusion during Pride Month and beyond by offering leadership training and mentorship opportunities for all of…

57% of employees considering quitting jobs for roles with more well-being support: survey

More than half (57 per cent) of employees say they’re seriously considering quitting their current jobs for one that’s more supportive, while nearly seven out…

  • By: Staff
  • June 27, 2023 June 27, 2023
  • 09:00

Canada ranks 52 out of 146 countries for gender wage equality: report

While Canada ranks No. 21 out of 146 countries for women’s labour force participation, its wage equality ranking sits at No. 52, according to a…

  • By: Staff
  • June 27, 2023 June 26, 2023
  • 09:00
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Survey finds 47% of Canadian workers worry about running out of money in retirement

Nearly half (47 per cent) of Canadian employees say they’re very worried about running out of money in retirement, according to a new survey by…

  • By: Staff
  • June 26, 2023 June 26, 2023
  • 15:00

38% of Canadian workers don’t feel supported by their employer: survey

Nearly two-fifths (38 per cent) of Canadian workers say they don’t feel — or have never felt — supported by their employer, according to Telus…

  • By: Staff
  • June 26, 2023 June 26, 2023
  • 09:00
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ACPM urging feds to retain definition of DB provision, expand PRPP access

The Association of Canadian Pension Management is asking the federal government to consider changes in proposed amendments to the Pension Benefits Standards Act and Pooled…

  • By: Staff
  • June 26, 2023 June 23, 2023
  • 09:00

U.S. workers believe they need $1.27 million to retire comfortably: survey

While U.S. workers believe they’ll need roughly $1.27 million in savings to retire comfortably, employees have, on average, just $89,300 in retirement savings, according to…

  • By: Staff
  • June 23, 2023 June 23, 2023
  • 15:00

Meet the 2023 Workplace Benefits Awards judges

With the 2023 Workplace Benefits Awards’ nomination process soon drawing to a close, Benefits Canada is pleased to announce this year’s panel of judges. The…

  • By: Staff
  • June 23, 2023 July 4, 2023
  • 09:05

Editorial: Speaking up on DEI must go beyond policies and programs

As employers continue to ramp up their focus on diversity, equity and inclusion, Benefits Canada is returning with its sophomore DEI issue. In my editorial…

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Top 5 HR, benefits, pension and investment stories of the week

An article on Canadians’ retirement readiness was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the…

  • By: Staff
  • June 23, 2023 June 22, 2023
  • 09:00

Changes to tax rules can improve Canadians’ retirement security: report

Changes to tax rules can improve Canadians’ retirement security and make the retirement system more equitable, according to a new report by the C.D. Howe…

  • By: Staff
  • June 23, 2023 June 22, 2023
  • 09:00
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Woodbridge Foam, Unifor agreement includes CAAT DBplus pension membership

The union representing more than 250 employees at Woodbridge Foam Corp. in Woodbridge, Ont. has ratified a three-year agreement that includes pension and benefits gains.…

Head to head: Should employers speak out on diversity issues?

While many organizations are joining the conversation around diversity, equity and inclusion, it’s about more than just saying the right things and having the right…

How employers are using data to integrate DEI into their benefits plans

Like other large employers, Ontario Power Generation Inc. has a diverse workforce that embodies the broader Canadian population across multiple demographics. The Crown corporation uses…