At a meeting in Ottawa on Monday, Canada’s finance ministers agreed in principle to a number of additional features in the Canada Pension Plan enhancement that…
Despite coming improvements to public pension plans, Canada will still be about 10 percentage points behind the average net replacement rate for the typical worker…
Canadian xennials, those aged 34 to 40, are finding that the pressing expenses of daily life are getting in the way of saving for retirement, according…
Hiram Walker & Sons Ltd. and Unifor Local 2027 have ratified a four-year collective agreement that includes moving to a defined contribution plan for future…
The Workplace Safety and Insurance Board is taking a more holistic approach to workplace wellness by putting financial fitness on the same pedestal as physical…
More Canadians are working past age 65, according to the latest census data from Statistics Canada. Almost one in five (19.8 per cent) Canadians older than 65…
Poor financial well-being is a growing problem, impacting Canadian employees’ on-the-job performance, health and absenteeism rates, according to a new survey by Willis Towers Watson.…
In its sixth year of offering employees educational workshops during Financial Literacy Month, Western University has changed its approach this time by delivering information on a…
Compared to other high-income countries, Canada is doing very little to prepare for the “greying of society,” according to a new study by public policy think-tank…
A new report is recommending the immediate increase of the trigger age for drawing down registered retirement savings, suggesting it should continue to rise with longevity. The report,…
More than three-quarters (79 per cent) of Canadians aged 35 to 54 are worried about not having enough money to retire when they want to, according…
The days of working for one employer and contributing to a single pension plan for an entire career are long over. In fact, 28 per…
Nearly half (49 per cent) of Canadians don’t consider an inheritance part of their long-term financial future, according to a new survey by investment firm Edward…
While Allstate Insurance Co. of Canada provides several financial education and information sessions to employees throughout the year, it’s focusing on the importance of financial literacy this November to align…
Too much avocado toast isn’t the reason younger Canadians have a hard time getting a start on their retirement savings. Canadian millennials are “literally working and…
The Canada Revenue Agency has announced an increase of $600 to the year’s maximum pensionable earnings under the Canada Pension Plan for 2018. Contributors who…
More than 80 per cent of Canadian employees would be interested in an employer-provided financial education program, according to a new survey by the Canadian…
Nearly three-quarters (74 per cent) of Canadian employers feel they have a responsibility to help their employees with their financial wellness, according to a new survey by…
Macroeconomic trends such as longer lives, a lack of access to pensions and retirement supports, a low-growth environment, and persistent lack of financial literacy and…
The Canadian government will discontinue the Canada savings bond and Canada premium bonds program on Nov. 1, 2017. While existing bonds will continue as usual until they…
The federal government is currently reviewing the discount rates it uses for its pension and benefits obligations, Finance Minister Bill Morneau said in the fall economic statement…
Canada’s retirement system has maintained its B rating on the Melbourne Mercer Global Pension Index, as its overall score rose slightly from 66.4 in 2016 to 66.8…
For those who use the standard four per cent withdrawal rate for retirement savings, it’s time to reconsider the approach. “The four per cent withdrawal rate has…
Ted Rogers School of Management’s National Institute of Ageing has appointed Bonnie-Jeanne MacDonald as its inaugural senior research fellow. In the role, she will conduct…
The environment for pension plans in Canada has changed dramatically in recent years, and the challenges facing plan sponsors are multiplying. The good news is…