group TFSA – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 02 May 2024 20:20:47 +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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]]> ACPM reiterating support for automatic features in Ontario retirement savings plans https://www.benefitscanada.com/pensions/cap/acpm-reiterating-support-for-automatic-features-in-ontario-retirement-savings-plans/ Fri, 17 Nov 2023 14:00:56 +0000 https://www.benefitscanada.com/?p=147292 The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered retirement savings plans and group tax-free savings accounts. In a letter to the Ontario government, the association said the province’s employers want to implement automatic features that reduce red tape […]

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]]> 2023 CAP Member Survey: How CAPs are evolving to address changing financial priorities https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-member-survey-how-caps-are-evolving-to-address-changing-financial-priorities/ Fri, 11 Aug 2023 12:55:33 +0000 https://www.benefitscanada.com/?p=141784 With Canadians’ financial priorities shifting alongside a turbulent economic climate, including inflation levels not seen in decades and a never-ending rise in the cost of living, it isn’t surprising capital accumulation plan members’ commitment to retirement savings is taking a hit. Benefits Canada’s 2023 CAP Member Survey found just 41 per cent of respondents rated […]

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]]> 2023 BPS coverage: Preparing CAP members for retirement in a challenging economic environment https://www.benefitscanada.com/events/conference-coverage/2023-bps-coverage-preparing-cap-members-for-retirement-in-a-challenging-economic-environment/ Wed, 05 Jul 2023 11:59:07 +0000 https://www.benefitscanada.com/?p=140082 High inflation and interest rates are having a real impact on people’s finances, according to Benefits Canada‘s 2023 CAP Member Survey, which found 76 per cent of capital accumulation plan members say inflation is negatively impacting their financial situation, while 59 per cent say the same about interest rates. For many people, the day-to-day cost […]

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]]> 2023 BPS coverage: Millennials expect more from employers, group benefits plans https://www.benefitscanada.com/events/conference-coverage/2023-bps-coverage-millennials-expect-more-from-employers-group-benefits-plans/ Wed, 05 Jul 2023 11:57:49 +0000 https://www.benefitscanada.com/?p=140090 Since 2016, millennials have made up a larger share of the working population than baby boomers — and today, one in three Canadians of working age is a millennial, according to Charmaine Alexander, senior advisor in disability management at Desjardins Insurance, speaking during Benefits Canada’s 2023 Benefits & Pension Summit in June. A recent survey […]

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]]> 2023 BPS coverage: How Fluor Canada is prioritizing plan members’ financial wellness https://www.benefitscanada.com/events/conference-coverage/2023-bps-coverage-how-fluor-canada-is-prioritizing-plan-members-financial-wellness/ Wed, 05 Jul 2023 11:55:05 +0000 https://www.benefitscanada.com/?p=140374 Citing a variety of surveys, Terry-Lynn Levy (pictured left), manager of human resources, benefits, wellness and HR information systems at Fluor Canada, said more than a third of Canadians cite money as their biggest financial concern and people experiencing financial stress are twice as likely to report poor overall health. These individuals are also more prone […]

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]]> 2023 Top 100 Pension Funds Report: How to improve retirement outcomes across diverse plan member groups https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-top-100-pension-funds-report-how-to-improve-retirement-outcomes-across-diverse-plan-member-groups/ Fri, 23 Jun 2023 12:56:55 +0000 https://www.benefitscanada.com/?p=139798 At the beginning of April, the OPSEU Pension Trust made a change to a definition in its plan text that will have meaningful implications for plan members with disabled children who need to continue to rely on their parents into adulthood. The organization expanded the definition of a child eligible for survivor benefits to include […]

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]]> Coverage of the 2023 DC Plan Summit https://www.benefitscanada.com/archives_/benefits-canada-archive/coverage-of-the-2023-dc-plan-summit/ Fri, 12 May 2023 12:52:36 +0000 https://www.benefitscanada.com/?p=137304 At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought leadership about innovative pension plan design, financial wellness programs, decumulation solutions and investment opportunities to support their DC plan members. Indeed, alongside high inflation and interest rates, members are facing […]

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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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]]> 2023 DC Plan Summit: Tips for getting more retirement income with less risk https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-tips-for-getting-more-retirement-income-with-less-risk/ Fri, 12 May 2023 12:44:42 +0000 https://www.benefitscanada.com/?p=137549 Even though it sounds obvious, maximizing retirement income and making it last for life isn’t what drives most retirees when it comes to making decisions — which is contributing to the challenges around decumulation, said Fred Vettese, an author and pension expert, during Benefits Canada‘s 2023 Defined Contribution Plan Summit. “The hurdles we have to […]

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