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TD Bank is bringing employees together to mark Emancipation Day, the country’s first national holiday commemorating the end of slavery in the British Empire. This spring, the federal government voted unanimously to officially recognize August 1 as a day to reflect on when the Slavery Abolition Act came into effect across the British Empire on Aug. 1, […]

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Canada’s new employee stock option tax rules are raising a number of questions for employers, says David Crawford, a partner at Hugessen Consulting Inc. The new rules — part of the 2021 federal budget signed into law on June 29 — include an annual limit of $200,000 that will apply on stock option grants that […]

For the third time in a row, the federal government is delaying long-awaited changes to Canada’s drug pricing regime for a further six months. In an effort to give pharmaceutical companies more time to prepare for the impending changes, Health Minister Patty Hajdu announced Tuesday the regulations changing how the Patented Medicine Prices Review Board […]

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While a recent dispute between the Canadian National Railway Co. and the surviving same-sex partner of a deceased plan member will likely inspire other plan sponsors to ensure pension benefits are correctly distributed, the amount of new claimants coming forward will likely be relatively small, says Jill Wagman, managing principal at Eckler Ltd. “It may […]

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Nova Scotia is allowing residents to apply directly to their financial institution to access their retirement savings when facing financial challenges. Under amendments to provincial pension legislation effective July 1, a person may be approved to access part of a locked-in retirement account or life income fund if they expect less than $41,067 in income […]

  • By: Staff
  • June 15, 2021 June 16, 2021
  • 09:00

The head of the country’s largest private sector union says Parliament should raise the federal minimum wage to $15 per hour and possibly put future increases into the hands of an independent commission. Unifor president Jerry Dias says an independent commission could be comprised of key stakeholders to research the effects of minimum wage policy […]

Employees affected by the coronavirus in British Columbia will qualify for up to three days of paid sick leave under proposed legislation that Premier John Horgan expects will plug holes in a federal plan and lay the groundwork for a permanent program. Horgan says the program will bridge the gap for workers between the time they first feel […]

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Tucked away in the federal budget are proposals that will lighten the load for defined contribution pension plan administrators confronted with historical under and over contributions. “These errors are usually inadvertent system or software issues or new regulatory guidance or rulings that have retroactive effect,” says Mark Firman, a pensions and benefits lawyer with Stikeman […]

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While the debate over paid sick days intensifies across Canada, only two provinces currently offer this benefit on a permanent basis. On April 30, Ontario passed a three-day sick leave policy — to be administered through the Workplace Insurance and Safety Board — retroactive to April 19 and ending on Sept. 25. Employers will be […]

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Workers in Ontario will soon be able access three paid sick days to help them self-isolate during the coronavirus pandemic, but critics said the policy announced April 28 falls far short of what’s required to curb the spread of the coronavirus. Ontario Premier Doug Ford’s government had for months resisted intense pressure from health experts and advocates […]