Wealthsimple Inc. is marking Financial Literacy Month with a two-part series of information sessions on how women can build financial confidence. The sessions cover estate planning, individual and joint money management, investing, wealth building and pre-retirement strategies, says Diana McLachlan, the organization’s chief people officer. She notes the company’s overall approach to financial literacy emphasizes […]
For a typical middle-income Canadian without a workplace pension, the Canada Pension Plan is projected to provide roughly 50 per cent to 70 per cent of their retirement income, according to a new study by the Canada Pension Plan Investment Board and the National Institute on Ageing. It reinforced that CPP benefits aren’t intended to […]
During Financial Literacy Month, Arc’teryx Equipment is hosting a series of information sessions on the company’s savings plans, geared toward the outerwear company’s diverse employee population. An in-person session will be held at the company’s Vancouver headquarters, while virtual and pre-recorded sessions will be available for employees based across Canada, covering the group registered retirement […]
While earlier generations of Canadian retirees fared well despite limited financial literacy thanks to simpler pension systems, today’s employees face a more complicated journey through a self-directed financial landscape, according to a new report by the C.D. Howe Institute. It found Canadian employees, especially those in the private sector, are partially left to their own […]
Many women approaching and entering retirement are seeking clearer financial guidance and more supportive environments for financial decision-making, according to a new survey by HomeEquity Bank. It found confidence in financial decision-making tends to increase with age, yet many women continue to encounter barriers rooted in literacy, confidence and cultural expectations. While 63 per cent […]
Improving participation and engagement in pension savings is a constant challenge for the retirement industry, but experts point to more insistent and consistent tactics around member behaviour. Derek Messacar, associate professor of applied economics, Memorial University Programs that offer tax deductions on savings in designated accounts have, for a long time now, been contested as […]
When CSA Group rolled out its global wellness incentive program in April, it was aiming to see whether cash rewards could kick start healthier habits and keep employees motivated. “We noticed a significant uptick in participation whenever we ran global step challenges with prizes,” says Aaron Snaith, director of total rewards at CSA Group. “That […]
In stock ownership, Scotiabank employees have the combined heft of a large institutional investor: more than 30,000 active members in the bank’s employee share ownership plan own 20 million shares between them — or about 1.5 per cent of the institution’s total outstanding shares. “It’s a flagship benefit we have here,” says Simon Cabral, the […]
A continued rally in equity markets in the third quarter of 2025 strengthened retirement income outcomes for capital accumulation plan members, according to a new report by Eckler Ltd. Optimism around trade negotiations, a U.S. Federal Reserve rate cut and steady enthusiasm for artificial intelligence supported markets through the period. As a result, the consultancy’s […]
Pratt & Whitney Canada’s extensive support for employee well-being was recognized with a win in the Health/Wellness Program category for employers with more than 1,000 employees at Benefits Canada’s 2025 Workplace Benefits Awards. The company’s well-being program addresses employee wellness across four pillars: mental, physical, financial and social health. This all-encompassing approach helped the company […]