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The office of the chief actuary is seeking an external peer review panel for its next actuarial report on the Canada Pension Plan. The external peer review is intended to ensure the report — to be released in December 2022 — meets high professional standards and is based on reasonable methods and assumptions, according to […]

  • By: Staff
  • May 20, 2022 May 18, 2022
  • 09:00
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The Pension Investment Association of Canada is urging the federal government to allow for tax-free mergers of maturing target-date funds. In a letter to the Department of Finance Canada, the PIAC said current tax rules don’t permit tax-free mergers of a target-date fund series into a terminal fund — where a target-date fund provider will […]

  • By: Staff
  • May 4, 2022 May 4, 2022
  • 09:00
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A ruling by the Supreme Court of British Columbia on the B.C. Credit Union Employers’ Pension Plan’s normal retirement date was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C. court upholds pension plan’s decision to increase retirement age 2. Ontario NDP platform includes dental […]

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00

The government is open to amending legislation that would provide 10 days of paid sick leave for federally regulated workers. Federal Labour Minister Seamus O’Regan acknowledged that at least two provisions in the legislation, Bill C-3, could undermine the objective, which is to ensure ill workers don’t have to choose between going to work sick or staying home without […]

ACPM calling on feds to streamline pension overpayment recovery

The federal Liberal Party is following through on an election campaign promise by introducing legislation that would provide 10 paid sick days per year to employees in the federally regulated private sector. In a press release, the government said it will consult with federally regulated employers and workers toward the implementation of this legislation. Prime […]

  • By: Staff
  • November 30, 2021 November 30, 2021
  • 15:00
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The 17 pension-qualified members of parliament who stood down or were ousted during last week’s federal election will receive $1.4 million per year in payments, according to a new report by the Canadian Taxpayers Federation. The think tank, which tracks government expenditure in Canada, says that, should the MPs each live to 90 years old, […]

  • By: Staff
  • September 29, 2021 September 28, 2021
  • 15:00

Transat A.T. Inc., like competitors Air Canada and WestJet Airlines, is requiring all of its employees to be fully vaccinated in accordance with a federal mandate for Canada’s air, rail and marine transportation sectors. “Everyone must do their part to ensure that we eventually overcome the virus,” said Annick Guerard, Transat’s chief executive officer and […]

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If elected, the Conservative Party is promising it will encourage employers to add mental-health coverage to their benefits plans by offering a tax credit for 25 per cent of the cost of this additional coverage for the first three years. Meanwhile, the Liberal Party is promising Canadians increased access to free mental-health services through a new […]

  • By: Staff
  • September 2, 2021 September 2, 2021
  • 09:00
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If elected, New Democratic Party Leader Jagmeet Singh is pledging to begin working with provinces immediately to deliver a single-payer, public pharmacare program for all Canadians. The NDP say millions of people can’t afford to take the medications they need and must skip doses, cut their pills in half or even go without them. “We […]

Air Canada is requiring all employees to be fully vaccinated against the coronavirus and to report their vaccination status by Oct. 30. While the company will accommodate employees who have valid exceptions, such as medical conditions, that prevent them from being vaccinated, failure to be fully vaccinated by Oct. 30 will have consequences — including unpaid leave or […]

  • By: Staff
  • August 27, 2021 September 3, 2021
  • 09:00