The federal government will seek additional funding from Canada’s pension funds as it looks to invest more than $120 billion in infrastructure over the next decade. In its bid to shore up the country’s infrastructure, the government plans to “engage public pension plans and other innovative sources of funding,” the budget noted. In its response […]
The federal government has committed to providing more flexibility in parental leave benefits and making compassionate care benefits easier to access and more inclusive for those who provide care for seriously ill family members. While it offered few details budget announcement on March 22, the government said it would pursue those objectives over the course of its mandate. Read: Will […]
In its first budget, presented on March 22, the federal government announced it would launch consultations in the coming months to give Canadians an opportunity to share their views on enhancing the Canada Pension Plan. The move got a positive reception from the Canadian Life and Health Insurance Association. “We believe that the CPP levels should be reviewed, […]
As confirmed last week, the federal budget has restored the age of eligibility for old-age security to 65, a move some in the industry are questioning. The government proposed to cancel the provisions in the Old Age Security Act that increase the age of eligibility for old-age security and guaranteed income supplement benefits from 65 to 67 and […]
The Liberal government has announced it will launch a consultative process on the investment rule that restricts pension plans from holding more than 30 per cent of the voting shares of a company. According to the 2016 budget, announced on March 22, the public consultation on the usefulness of the 30-per-cent rule will begin “shortly.” Read: Scrapping pension […]
In its 2016 budget, the federal government proposed changes to the agreement powers of the Pension Benefits Standards Act. The changes, according to the budget document, would “broaden the scope of its ability to enter into bilateral agreements with provinces under the PBSA, which will better allow the federal and provincial governments to work together to […]
In its budget announcement on March 22, the government said it would provide $39 million over three years, starting in 2016-17, to the Canadian Foundation for Healthcare Improvement. The aim is to support the foundation’s ongoing efforts to identify and introduce innovations in the health-care system. Read: National drug bulk-buying agreement should represent all Canadians “As […]
When the federal government presents its 2016 Budget on March 22, employers will be listening to hear more about the proposed changes to parental leave. Prime Minister Justin Trudeau’s Liberal government said it would introduce more flexible parental benefits, which would allow working parents to receive benefits in smaller blocks of time over a period of […]
The federal government is widely expected to make good on its election promise to restore OAS eligibility to age 65 for all Canadians, giving clients under age 58 reason to celebrate. “Somebody that’s in their 50s […] can possibly retire two years sooner, and their monthly or bi-weekly savings might not have to be as […]
According to a recent Broadbent Institute study, “the value of retirement assets of those aged 55 to 64 without an employer pension is wholly inadequate.” Since this is particularly true for private-sector workers across the country, Prime Minister Justin Trudeau’s young government has started to act, but the efforts fall short of what is urgently […]