first home savings account – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 13 May 2024 21:25:08 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 2023 CAP Suppliers Report: How are CAPs evolving to meet the financial needs of different generations? https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-suppliers-report-how-are-caps-evolving-to-meet-the-financial-needs-of-different-generations/ Fri, 15 Dec 2023 13:57:38 +0000 https://www.benefitscanada.com/?p=148466 With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]

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]]> 2023 DC Plan Summit: How PepsiCo Canada is making its savings plan more flexible https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-how-pepsico-canada-is-making-its-savings-plan-more-flexible/ Fri, 12 May 2023 12:45:12 +0000 https://www.benefitscanada.com/?p=137359 PepsiCo Canada’s enhanced defined contribution pension plan is supporting the retirement goals of a very diverse employee population. The company, which employs roughly 11,000 people across its food and beverage divisions, has a wide range of roles, from drivers and warehouse workers to sales employees. While the organization offers multiple pension plans, the majority of […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-33/ Fri, 05 May 2023 13:00:56 +0000 https://www.benefitscanada.com/?p=137375 An article on Bill C-228 receiving royal assent was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Controversial super-priority pension bill receives royal assent 2. PSAC, government tentative agreement includes new protections around remote work, wage increases 3. FHSA may work best in conjunction with group […]

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]]> FHSA may work best in conjunction with group RRSP, TFSA https://www.benefitscanada.com/pensions/cap/fhsa-may-work-best-in-conjunction-with-group-rrsp-tfsa/ Wed, 03 May 2023 13:00:04 +0000 https://www.benefitscanada.com/?p=137207 The new first home savings account may work better in conjunction with a group registered retirement savings plan or group tax-free savings account rather than as a stand-alone product, says Eric Monteiro, senior vice-president of group retirement services at Sun Life Financial Inc. “The [FHSA] limit is kind of low — it’s a $40,000 lifetime maximum […]

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