Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension Plan. However, thousands of citizens got their say or tuned in to five recent telephone town hall consultations, she said during a house question period last week, noting nearly 100,000 […]
An article on the federal government’s 2023 fall economic statement was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement 2. Former federal finance minister defends ‘sustainably successful’ CPP amid Alberta pension […]
Former federal finance minister Bill Morneau is standing up for the Canadian Pension Plan, calling it a uniquely successful investment organization that won’t be easily recreated by the Alberta provincial government if it’s successful in its attempt to leave the federal plan. Speaking at the Portfolio Management Association of Canada’s national conference last week, he […]
As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing its benefits. John Graham, chief executive officer of the CPPIB, made the pitch to a business crowd at a luncheon event. In his speech, he said there’s a strong business […]
An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Fidelity Canada wins award for focusing on flexibility amid return-to-office rollout 2. CPP maximum pensionable earnings increasing to $68,500 […]
Federal Finance Minister Chrystia Freeland says if Alberta were to quit the Canada Pension Plan it would require a “complex and multi-year process” of negotiating international social security agreements to deal with contributors who work abroad. Freeland said Friday that would be among the steps the Alberta and federal governments would have to take if […]
The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall economic statement on Thursday, the province said it will provide $3 billion in initial funding to the Ontario Infrastructure Bank, which will support the development of new long‐term care homes, […]
An article on Lululemon Athletica Inc.’s win in the Financial wellness category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Lululemon’s retirement savings plans, financial literacy initiatives lead to award win 2. Telus Communications’ commitment to psychologically safe workplace leads to […]
Finance Minister Chrystia Freeland has agreed to convene a meeting with provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the Canada Pension Plan. The agreement comes after Ontario Finance Minister Peter Bethlenfalvy called for the meeting in a letter to Freeland, saying Alberta’s withdrawal could cause “serious harm.” Freeland says any province […]
Prime Minister Justin Trudeau entered the Alberta pension-exit debate Wednesday, saying the federal government will fight any threat to the stability of the Canada Pension Plan. In an open letter to Alberta Premier Danielle Smith, the prime minister also took her to task for launching the debate in the first place. Smith’s office didn’t immediately […]