Latest news in Benefits Canada News

Managing the holiday party, bonus season during a pandemic

Managing the holiday party, bonus season during a pandemic

Usually, this time of year sees employers hosting holiday parties and handing out bonuses. But this isn’t a typical year. The ongoing coronavirus pandemic means many human resources…

Employees prioritizing fitness benefits during pandemic: survey

Employees prioritizing fitness benefits during pandemic: survey

As the coronavirus pandemic continues, employees are viewing fitness benefits with increased importance, according to a new survey by ClassPass Inc. The survey found 70…

  • By: Staff
  • November 12, 2020 November 12, 2020
  • 08:45
Telus Health, Canada Life, Innomar taking drug prior authorization online

Telus Health, Canada Life, Innomar taking drug prior authorization online

Telus Health is partnering with Canada Life Assurance Co. and Innomar Strategies Inc. to launch Canada’s an electronic drug prior authorization solution. The pilot program will test…

  • By: Staff
  • November 11, 2020 November 11, 2020
  • 15:00
GM Canada, Unifor agreement covers DB pension changes

GM Canada, Unifor agreement covers DB pension changes

The union representing General Motors of Canada Co. employees in Ontario have ratified a new three-year collective agreement that removes changes to a legacy defined…

  • By: Blake Wolfe
  • November 11, 2020 January 19, 2021
  • 09:00
Ontario DB pension solvency up again in third quarter: FSRA

Ontario DB pension solvency up again in third quarter: FSRA

The solvency ratio of Ontario’s defined benefit pension plans jumped four per cent in the third quarter of 2020, according to an update by the…

  • By: Staff
  • November 11, 2020 January 19, 2021
  • 08:45
Sun Life launching digital workplace diversity, inclusion platform

Sun Life launching digital workplace diversity, inclusion platform

Sun Life Financial is introducing a digital program to advance workplace diversity, inclusion and equity among its global workforce. The peer learning program, by Hive Learning…

  • By: Staff
  • November 10, 2020 November 10, 2020
  • 15:15
CPPIB, TPG Capital boosting investment in cruise company

CPPIB, TPG Capital boosting investment in cruise company

The Canada Pension Plan Investment Board and TPG Capital are increasing their investment in Viking Holdings Ltd. The CPPIB and the private equity platform were already…

  • By: Staff
  • November 10, 2020 January 19, 2021
  • 15:00
Pandemic threatens to undo gender equity progress in workforce: report

Pandemic threatens to undo gender equity progress in workforce: report

Soon after the beginning of the coronavirus pandemic, layoffs and the shift to remote working resulted in a 30-year low in female participation in the Canadian workforce, threatening…

  • By: Staff
  • November 10, 2020 November 10, 2020
  • 09:45
Feds releasing consultation on pension solvency relief measures, VPLAs

Feds releasing consultation on pension solvency relief measures, VPLAs

The federal government is publishing a consultation paper on potential solvency funding relief options for 2021 and measures to further strengthen the framework for federally regulated pension…

  • By: Staff
  • November 10, 2020 January 19, 2021
  • 09:05
Morneau Shepell expanding online CBT programs

Morneau Shepell expanding online CBT programs

Morneau Shepell Ltd. is expanding its internet-based cognitive behavioural therapy solution with a series of new programs, in response to a growing need for these services…

  • By: Staff
  • November 9, 2020 November 9, 2020
  • 15:00
Magna’s data-driven wellness strategy proving focus on analytics reduces costs

Magna’s data-driven wellness strategy proving focus on analytics reduces costs

Magna International Inc. is using data to personalize its wellness program, increase employee engagement and reduce costs. In 2012, the Canadian automobile parts manufacturer established…

Gallagher acquiring Quebec-based Optimum Talent

Gallagher acquiring Quebec-based Optimum Talent

Arthur J. Gallagher & Co. is acquiring integrated talent management firm Optimum Talent Inc. With this acquisition, the Quebec-based company will gain access to Gallagher’s resources,…

  • By: Staff
  • November 6, 2020 November 6, 2020
  • 15:00
Caisse invests in aircraft leasing, Ontario Teachers’ in driverless vehicles

Caisse invests in aircraft leasing, Ontario Teachers’ in driverless vehicles

The Caisse de dépôt et placement du Québec is entering a US$300 million warehouse financing agreement with Titan Aircraft Investments Ltd. The warehouse facility will…

  • By: Staff
  • November 6, 2020 January 19, 2021
  • 15:00
What U.S. election uncertainty means for institutional investors

What U.S. election uncertainty means for institutional investors

Whether Joe Biden or Donald Trump ultimately wins the White House, the stock market is already a clear winner this week. While there were fears that…

Ontario’s 2020 budget highlights employer health tax, pension reviews

Ontario’s 2020 budget highlights employer health tax, pension reviews

In its 2020 budget on Thursday, the Ontario government said it plans to permanently extend the employer health tax payroll exemption from $490,000 to $1…

  • By: Staff
  • November 6, 2020 January 19, 2021
  • 08:45
LinkedIn, Microsoft embracing flex-work policy for post-pandemic life

LinkedIn, Microsoft embracing flex-work policy for post-pandemic life

As the coronavirus pandemic drags on, LinkedIn Corp. and its parent company Microsoft Corp. are removing the asterisk around what the 21st century workplace will look…

  • By: Staff
  • November 5, 2020 November 5, 2020
  • 15:15
CPPIB ups U.K. logistics allocation, PSP invests in Paris real estate

CPPIB ups U.K. logistics allocation, PSP invests in Paris real estate

The Canada Pension Plan Investment Board is allocating an additional £300 million of equity to investments in the U.K.’s logistics sector. The investment is taking…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 15:00
Canadian DB pensions return 3.13% as markets rebound

Canadian DB pensions return 3.13% as markets rebound

Canadian defined benefit pension plans posted a median 3.13 per cent return for the third quarter of 2020, following a strong market rebound, according to…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 09:15
B.C.-based janitors win benefits, wage boost in first collective agreement

B.C.-based janitors win benefits, wage boost in first collective agreement

Bee-Clean Building Maintenance janitors in British Columbia ratified their first collective agreement on Monday, winning employer-paid health and dental benefits, paid sick days and a wage boost. …

  • By: Staff
  • November 5, 2020 November 5, 2020
  • 09:00
Coalition of experts creating roadmap for implementing VPLAs

Coalition of experts creating roadmap for implementing VPLAs

The Global Risk Institute is bringing together experts from various institutions to build a roadmap for implementing variable payment life annuities to achieve lifetime income…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 08:45
BCI and partners’ real estate fund in $805M closing, PSP in insurance-linked strategy

BCI and partners’ real estate fund in $805M closing, PSP in insurance-linked strategy

A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million in equity…

  • By: Staff
  • November 4, 2020 November 4, 2020
  • 15:00
B.C.’s NDP developing benefits, pension supports for gig workers

B.C.’s NDP developing benefits, pension supports for gig workers

On the heels of winning re-election in British Columbia, the New Democratic Party’s work is just beginning, particularly in delivering on its promise to extend…

Employers focusing on engagement, mental health of remote workers

Employers focusing on engagement, mental health of remote workers

Employers are increasingly focusing on the engagement and mental health of employees working remotely as the coronavirus pandemic drags on, according to a webinar hosted…

  • By: Blake Wolfe
  • November 4, 2020 November 4, 2020
  • 09:00
CPP maximum pensionable earnings to rise in 2021

CPP maximum pensionable earnings to rise in 2021

The maximum pensionable earnings under the Canada Pension Plan for 2021 are increasing to $61,600, from $58,700 in 2020. The new ceiling was calculated according to a CPP…

  • By: Staff
  • November 4, 2020 November 4, 2020
  • 08:45
U.S. SEC proposing gig workers paid in company stocks

Uber, Lyft spend big, win in California vote about drivers, benefits

Uber Technologies Inc., Lyft Inc. and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the…