Latest news in Benefits Canada News

Majority of Canadian employers investing in salary increases: survey

Majority of Canadian employers investing in salary increases: survey

The majority of Canadian organizations are continuing to invest in salary increases, with just six per cent reporting a salary freeze for executives and 4.8…

  • By: Staff
  • August 22, 2019 November 12, 2020
  • 16:35
What Argentina’s historic market crash means for institutional investors

What Argentina’s historic market crash means for institutional investors

On Aug. 13, after Argentina’s primary elections took a different direction than markets expected, the country’s stocks suffered one of the most dramatic crashes in…

Shopify launches re-training program for developers who took extended leaves of absence

Shopify launches re-training program for developers who took extended leaves of absence

Shopify Inc. is putting out the welcome mat for software developers who’ve taken leave from work with its new training program. The three-month paid program…

TFSA savers on the rise but plans misunderstood: survey

TFSA savers on the rise but plans misunderstood: survey

More Canadians are using tax-free savings accounts than registered retirement savings accounts, at 57 per cent compared to 52 per cent, according to a new…

  • By: Staff
  • August 21, 2019 November 30, 2020
  • 14:00
California State Teachers’ Retirement System wants to join lawsuit against Facebook

California State Teachers’ Retirement System wants to join lawsuit against Facebook

The California State Teachers’ Retirement System says it wants to join a lawsuit seeking to change Facebook Inc.’s corporate governance practices. The pension fund said Tuesday it…

Ontario Teachers’ posts 6.3% for first half of 2019

Ontario Teachers’ posts 6.3% for first half of 2019

The Ontario Teachers’ Pension Plan increased its net assets by $10.3 billion in the first half of the year, reaching a total of $201.4 billion…

Federal Conservatives propose tax-free EI maternity, parental benefits

Federal Conservatives propose tax-free EI maternity, parental benefits

The federal Conservative Party is promising to make employment insurance maternity and parental benefits tax-free. The party is proposing a 15 per cent tax credit…

  • By: Staff
  • August 21, 2019 November 12, 2020
  • 10:00
Feds update appeals process for EI, CPP and OAS

Feds update appeals process for EI, CPP and OAS

The federal government is reforming the tribunal that handles appeals related to employment insurance, Canadian Pension Plan and old-age security payments. Currently, Canadians who disagree…

  • By: Staff
  • August 21, 2019 November 12, 2020
  • 09:30
A look at the landscape for pension solvency funding reform across Canada

A look at the landscape for pension solvency funding reform across Canada

With Canadians living longer, the country’s pension landscape continuing to evolve and more private sector companies struggling to fund their defined benefit plans, governments across…

  • By: Staff
  • August 21, 2019 November 30, 2020
  • 09:00
Employees don’t know enough about accessing benefits programs: survey

Employees don’t know enough about accessing benefits programs: survey

While North American employers agree it’s important to provide health benefits to employees, many say their workers don’t know enough about what they offer, according to a…

  • By: Staff
  • August 20, 2019 November 12, 2020
  • 15:45
Why old savings standards for CAPs just don’t cut it anymore

Why old savings standards for CAPs just don’t cut it anymore

Canadians looking to replace their working income with benefits from capital accumulations plans and the government are facing a grim reality. Indeed, pre-retirement income replacement from…

  • By: Staff
  • August 20, 2019 November 30, 2020
  • 09:30
States moving to DC pension saw higher taxpayer costs, less retirement security: report

States moving to DC pension saw higher taxpayer costs, less retirement security: report

A new report looking at four U.S. states that moved new employees from defined benefit to defined contribution or cash balance pension plans found the changes…

  • By: Staff
  • August 20, 2019 November 30, 2020
  • 09:20
Study finds health issues linked to older workers’ reasoning abilities, job demands

Study finds health issues linked to older workers’ reasoning abilities, job demands

Older workers whose reasoning abilities no longer permit them to meet the demands of their jobs are more likely to develop chronic health conditions and retire…

  • By: Staff
  • August 19, 2019 November 12, 2020
  • 15:30
Caisse investing in Mexican pharmaceutical company

Caisse investing in Mexican pharmaceutical company

The Caisse de dépôt et placement du Québec is investing US$500 million in Laboratorios Sanfer, an independent Mexican pharmaceutical company. The company, which currently maintains…

  • By: Staff
  • August 19, 2019 November 11, 2020
  • 15:00
Winnipeg eliminating police overtime from pensionable income by 2020

Winnipeg eliminating police overtime from pensionable income by 2020

Winnipeg city administrators are going forward with plans to eliminate police overtime from pensionable income and require that police officers work longer before receiving their pension benefits, according…

  • By: Staff
  • August 19, 2019 November 12, 2020
  • 09:00
League, Vector Institute partner on AI applications for health care

League, Vector Institute partner on AI applications for health care

Digital benefits platform League Inc. is partnering with the Vector Institute for Artificial Intelligence to improve the application of artificial intelligence and machine learning in…

  • By: Staff
  • August 19, 2019 November 12, 2020
  • 08:45
CPPIB increases stake in 407 toll highway

CPPIB increases stake in 407 toll highway

A company controlled by the Canada Pension Plan Investment Board has acquired a 10.01 per cent equity stake in the 407 International Inc. The 407 International holds…

  • By: Staff
  • August 16, 2019 November 12, 2020
  • 15:00
How Accenture supports transitioning employees with customizable benefits plan

How Accenture supports transitioning employees with customizable benefits plan

When employees at Accenture begin a gender transition, they have access to a comprehensive suite of benefits. In 2011, the global consulting firm became one of the…

Poor punctuation underpins $150-million pension class action

Poor punctuation underpins $150-million pension class action

The Oxford comma strikes again. In a case that turned on a dispute over number rounding and comma placement, an Ontario court has dismissed a…

Third of employees have left job for flexible working options

Third of employees have left job for flexible working options

A third (30 per cent) of employees said they’ve left a job because it didn’t offer flexible working options, according to a new survey by…

  • By: Staff
  • August 16, 2019 November 12, 2020
  • 09:15
Financial Horizons Group combining forces with two other managing general agencies

Financial Horizons Group combining forces with two other managing general agencies

Three managing general agencies in the benefits, pension and investment industries are combining forces. The firms — Financial Horizons Group, headquartered in Kitchener, Ont.; Torce Financial…

  • By: Staff
  • August 16, 2019 November 12, 2020
  • 09:10
Foyston, Gordon & Payne appointing new credit analyst to fixed income team

Foyston, Gordon & Payne appointing new credit analyst to fixed income team

Foyston, Gordon & Payne Inc. is appointing Brooke Biscoe as a credit analyst on its fixed income team. Biscoe’s career began in 2013 at Standard & Poor’s…

  • By: Staff
  • August 16, 2019 November 12, 2020
  • 09:05
Editorial

Editorial: Ensuring benefits, pension communications ring true

In the wise words of George Bernard Shaw, “the single biggest problem with communication is the illusion that it has taken place.” When it comes…

Head to head: Do hedge funds make sense for Canadian pension plans?

Head to head: Do hedge funds make sense for Canadian pension plans?

While some pension fund managers swear by hedge funds, others would never sink in a single cent. After the 2008 financial crisis turned some investors…

How KPMG Canada flexed its benefits program with a plan redesign

How KPMG in Canada flexed its benefits program with a plan redesign

In 2016, KPMG Canada’s benefits program was facing a perfect storm: the company was starting to see a change in its workforce’s needs; employees didn’t…