Latest news in Benefits Canada News

Canadian DB pensions’ funding positions improve in June as bond returns level off: report

The funded position for an average Canadian defined benefit pension plan improved slightly on both a solvency and accounting basis in June, according to a new…

  • By: Staff
  • July 9, 2021 July 9, 2021
  • 15:00

Pay equity law taking effect in August aims to close gender wage gap

The federal government says legislation meant to help close the gender wage gap will come into effect on Aug. 31 and be phased in over…

Employers grappling with unvaccinated employees upon return to office

Unvaccinated workers returning to the office could be required to continue wearing masks, steer clear of common areas and face a staggered workday or may…

Vale mine workers in Sudbury striking over cuts to drug coverage, retiree health benefits

More than 2,000 workers at a Vale nickel mine in Sudbury, Ont., are continuing their strike after their union, United Steelworkers Local 6500, rejected the…

Copyright_Wang Aizhong_123RF

CPPIB sells energy company stake to Ontario Teachers’, Caisse enters joint venture to finance real estate developments

The Canada Pension Plan Investment Board has reached a deal to sell half of its shares of a Washington-based energy company to the Ontario Teachers’…

  • By: Staff
  • July 8, 2021 July 9, 2021
  • 11:00

Webinar coverage: Tackling barriers and increasing access to mental-health care

While there seems to be a light at the end of the tunnel with respect to the coronavirus pandemic and the return to normal life,…

AIMCo names James Barber as EVP, public equities

The Alberta Investment Management Corp. is appointing James Barber as executive vice-president of public equities, effective July 14. He joins the AIMCo from AMP Investment…

  • By: Staff
  • July 8, 2021 July 8, 2021
  • 09:00

Uberflip improving company culture, employee retention through CSR initiatives

Toronto-based technology firm Uberflip is shaping its company culture by giving back to worthwhile causes. “When you give people an opportunity to be charitable, they’re…

Copyright_yavdat1_123RF

Pension membership on the rise in Canada: StatsCan

More than 125,000 Canadians became active members in a registered pension plan in 2019, according to a new report by Statistics Canada. It found the number…

  • By: Staff
  • July 7, 2021 July 7, 2021
  • 15:00

B.C. hospitality workers’ layoffs affecting critical benefits during pandemic

A labour dispute between hospitality workers and two Vancouver hotels is affecting the employees’ health benefits and pension plan. More than 50 hospitality workers at…

RCMP rolling out new digital benefits, insurance platform for 40,000 plan members

The Royal Canadian Mounted Police group life insurance and disability income insurance plans are now available to members via a secure, self-service digital platform. When…

UTAM naming Chuck O’Reilly as new president, CIO

The University of Toronto Asset Management Corp. is appointing Chuck O’Reilly as its next president and chief investment officer. O’Reilly, the UTAM’s senior portfolio manager…

  • By: Staff
  • July 6, 2021 July 6, 2021
  • 15:00

Colleges and Institutes Canada joining CAAT’s DBplus pension

Colleges and Institutes Canada is the latest employer to join the Colleges of Applied Arts and Technology’s DBplus pension plan. The organization, which is the…

  • By: Staff
  • July 6, 2021 July 5, 2021
  • 09:00

43% of Canadians fear contracting coronavirus when they return to office: survey

Although vaccinations have been ramping up across the country, almost half (46 per cent) of Canadians who are working from home are anxious about contracting…

  • By: Staff
  • July 6, 2021 July 5, 2021
  • 09:00
Copyright_serezniy_123RF

Sun Life completes acquisition of U.S. health-care provider

Sun Life Financial Inc. has completed its acquisition of PinnacleCare International Inc., a U.S. health-care navigation and medical intelligence provider. Based in Maryland, PinnacleCare has more…

  • By: Staff
  • July 5, 2021 July 5, 2021
  • 15:30
Copyright_vchalup_123RF

Reliance Home Comfort, Unifor deal increases paid sick days, employer RRSP match

The 830 locked-out employees at Reliance Home Comfort sites in Ontario are heading back to work after their union ratified a new contract with the…

  • By: Staff
  • July 5, 2021 July 5, 2021
  • 15:00

Half of Canadians would leave job if flexibility isn’t extended post-pandemic: survey

More than half (54 per cent) of Canadian employees said they’d leave their employer if current flexibility in schedule and work location isn’t extended post-coronavirus…

  • By: Staff
  • July 5, 2021 July 2, 2021
  • 09:00

Canadian DB pensions see improved funded position, investment returns: reports

The aggregate funded ratio for Canadian defined benefit pension plans in the S&P/TSX composite index increased from 94.8 per cent in the first quarter of…

  • By: Staff
  • July 5, 2021 July 2, 2021
  • 09:00
Copyright_TEA_123RF

Lululemon supporting employee well-being amid pandemic

Lululemon Athletica Inc. is helping employees maintain physical and mental well-being amid the coronavirus pandemic with a series of wellness initiatives. In an emailed statement…

Pandemic impacting American employees’ attitudes toward finances, retirement, savings: surveys

Almost half (40 per cent) of American workers said the coronavirus pandemic’s made them more concerned about planning for retirement, according to a survey by…

  • By: Staff
  • July 2, 2021 July 2, 2021
  • 15:00

People Corporation acquiring B.C.-based Burton Financial

People Corporation Inc. is acquiring British-Columbia-based group benefits, retirement and insurance consulting company Burton Financial Ltd. Burton’s principals, Sean and Darla Trimble, will continue to…

  • By: Staff
  • July 2, 2021 July 15, 2021
  • 15:00

University Pension Plan launches multi-employer DB pension plan

The University Pension Plan is launching its jointly sponsored pension plan, providing management services to the Queen’s University, the University of Guelph and the University…

  • By: Staff
  • July 2, 2021 July 2, 2021
  • 09:00
Copyright_bondd_123RF

New stock option rules raising questions for employers, says consultant

Canada’s new employee stock option tax rules are raising a number of questions for employers, says David Crawford, a partner at Hugessen Consulting Inc. The…

Insecure finances, physical health affecting well-being during lockdown: study

Insecure financial situations, worsening physical health and boredom in both work and free time were the biggest factors affecting British and French employees’ well-being during…

  • By: Staff
  • June 30, 2021 June 30, 2021
  • 15:00

Health Canada delaying new drug pricing regulations another six months

For the third time in a row, the federal government is delaying long-awaited changes to Canada’s drug pricing regime for a further six months. In…