Nearly three-quarters (74 per cent) of Canadians say rising inflation has increased concerns about having enough money saved for retirement, according to a new survey by the Bank of Montreal. It found 47 per cent estimated they’re spending an additional $100 to $300 per month on necessities, while 34 per cent said their monthly expenses […]
Canadian small- and medium-sized employers lose an average of 31 working days annually due to stress, according to a new survey by One Picture on behalf of Xero Ltd. The survey, which polled 300 Canadian employers with less than 200 employees, found they spend an average of nine hours a week feeling stressed, concerned or […]
An Ontario court approved Wednesday the creation of a $250,000 hardship fund for former employees of Hudson’s Bay Co. as well as $5 million in collective payments to ex-HBC staff who were set to lose their long-term disability benefits. The hardship fund is targeted at workers and retirees who have been having trouble paying expenses […]
Ontario’s Superior Court is scheduled to decide next week whether to approve a fund the insolvent company will set up to help former Hudson’s Bay Co. workers with expenses. The more than 9,300 workers who lost their jobs last year when the company collapsed weren’t paid severance and some lost access to long-term disability and […]
It took Peter Deitz eight years to figure out the best way to sell his business. But it wasn’t until the federal government opened up a new option for succession planning that he found the right buyer: his own employees. Deitz — co-founder of Grantbook, a Toronto-based firm that supports organizations doling out grants to […]
A proposed retirement plan tax credit for small- and medium-sized employers could reduce cost barriers to offering employer-sponsored retirement programs, according to a new report by the C.D Howe Institute. It noted more than nine million working Canadians lack access to a workplace retirement plan, with the gap most pronounced among employees of SMEs. As […]
An article on the suspension of the board chair at the Colleges of Applied Arts and Technology pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT pension plan’s board chair suspended following senior executives’ departure […]
Just 48 per cent of working Canadians say they have an employer-sponsored pension plan, according to a new survey by IG Wealth Management. The survey, which polled more than 1,300 workers, found just 11 per cent of non-retired Canadians know how much annual income they’ll need in retirement and nearly half saying they don’t know. […]
Canadian gig workers now earn more than a third (38 per cent) of their income from gig work, up from 15 per cent last year, according to a new survey by Securian Canada. The survey, which polled more than 2,000 gig workers in Canada, found 18 per cent reported relying on gig work for their […]
Montrusco Bolton Investments Inc. has transitioned to a majority employee-ownership structure, with more than 70 per cent of employees now holding equity in the firm. The decision reflects a desire to more closely align employees with clients as the firm enters a new phase of scale and maturity, says Sylvain Boulé, the firm’s president and […]