Vestcor Inc. is the target of a class action lawsuit alleging a specific transaction ended up costing a group of Canadian investors significant financial losses. “Our legal team is currently evaluating the merits of the lawsuit; the claims have not been tested in court,” the investment organization said in a statement. “We have confidence in […]
An article on the legal considerations for employers requiring cross-border travel was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What are the legal considerations for Canadian employers requiring cross-border travel in the Trump era? 2. Financial Literacy […]
As new pay transparency legislation comes into effect in British Columbia and Ontario, it’s important for small- and medium-sized employers to ensure they’re complying with provincial, territorial and federal regulations, says Mohamed Basma, general manager for small business services at ADP Canada. “This is pressing now more than ever as remote work is so much […]
Alberta is moving to insulate its Crown investment corporation from potential legal liabilities and protect companies in the province from lawsuits accusing them of greenwashing. The wide-ranging legislation proposed Tuesday by Premier Danielle Smith’s government aims to protect the Alberta Investment Management Corp. — which manages public sector pensions — after it recorded about $2 […]
With travel to the U.S. becoming anxious, if not risky, for many Canadians, employers are facing the prospect of employees refusing to travel south of the border. But can employers require employees to do so, and do employees have a basis on which to refuse? “My advice to employers is not to assume that employees […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026-27, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
An article on Nova Scotia’s updated workplace harassment legislation was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What Nova Scotia employers need to know about province’s updated workplace harassment legislation 2. Who are the winners of the […]
Some former Hudson’s Bay Co. employees have filed a class-action lawsuit seeking a share of the defunct retailer’s pension surplus. The court filing was made on behalf of workers who were enrolled in a pension plan offered by Simpsons, a rival department store HBC bought in the 1970s. The takeover made HBC the administrator of […]
Nova Scotia’s government is formally recognizing workplace harassment as a health and safety issue with the introduction of new regulations to its Occupational Health and Safety Act. “All employers in Nova Scotia have an obligation to ensure workers’ health and safety — and that obligation now specifically includes a duty to address workplace harassment and […]
Dutch authorities are summoning the Healthcare of Ontario Pension Plan on alleged evasion of dividend withholding tax worth more than €200 million. Last week, the Netherlands Public Prosecution Service confirmed it was calling on a foreign pension fund based on the suspicion of evasion of dividend withholding tax. The agency didn’t name the Ontario pension […]