legislation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Feds seeking to boost domestic investments by Canadian institutional investors: budget https://www.benefitscanada.com/news/cir-news-news/feds-seeking-to-boost-domestic-investments-by-canadian-institutional-investors-budget/ Wed, 17 Apr 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=154356 In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]

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]]> Liberals table bill paving way for future pharmacare program a day before deadline https://www.benefitscanada.com/news/bencan/liberals-table-bill-paving-way-for-future-pharmacare-program-a-day-before-deadline/ Thu, 29 Feb 2024 20:00:25 +0000 https://www.benefitscanada.com/?p=152559 Health Minister Mark Holland tabled a long-awaited bill Thursday meant to pave the way for national pharmacare and preserve a deal that secures the New Democratic Party’s support for the government in the House of Commons. The bill includes a program to cover birth control as well as diabetes drugs and supplies for anyone with […]

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]]> FSRA’s proposed guidance on retroactive adverse amendments inconsistent with case law, Pension Benefits Act: ACPM https://www.benefitscanada.com/pensions/governance-law/fsras-proposed-guidance-on-retroactive-adverse-amendments-inconsistent-with-case-law-pensions-benefits-act-acpm/ Mon, 05 Feb 2024 14:00:12 +0000 https://www.benefitscanada.com/?p=151552 The Financial Services Regulatory Authority of Ontario’s revised proposed guidance on retroactive adverse amendments for pension plan administrators is inconsistent with existing case law, the wording of the Pension Benefits Act and the principles of statutory interpretation, said the Association of Canadian Pension Management, in an open letter. The FSRA’s proposed guidelines aim to provide greater […]

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]]> Feds’ new tax exemption could drive more employers to leverage employee ownership trusts: expert https://www.benefitscanada.com/pensions/governance-law/feds-new-tax-exemption-could-drive-more-employers-to-leverage-employee-ownership-trusts-expert/ Fri, 01 Dec 2023 14:00:31 +0000 https://www.benefitscanada.com/?p=147900 A new federal tax exemption for employee ownership trusts could spur retiring business owners to sell their companies to workers, says Jon Shell, managing director of Social Capital Partners. The federal government’s 2023 budget introduced tax rules to facilitate the creation of EOTs, but the legislation was criticized by experts for its lack of incentives […]

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]]> 2023 Risk Management Conference: Canada’s ongoing housing crisis may spur regime change in next federal election https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-risk-management-conference-canadas-ongoing-housing-crisis-may-spur-regime-change-in-next-federal-election/ Wed, 18 Oct 2023 12:00:41 +0000 https://www.benefitscanada.com/?p=143170 Canadians could see a regime change in the next federal election if the current housing crisis holds tight, according to Chantal Hébert, political commentator, journalist, columnist and author, during the keynote session at the Canadian Investment Review’s 2023 Risk Management Conference. While health care and inflation are major concerns for Canadians, the one issue that keeps coming to the forefront […]

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]]> 2023 GIC coverage: Green buildings reaping attractive risk-adjusted returns for institutional investors https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-gic-coverage-green-buildings-reaping-attractive-risk-adjusted-returns-for-institutional-investors/ Tue, 06 Jun 2023 11:45:44 +0000 https://www.benefitscanada.com/?p=137800 There’s a distinct window of opportunity for institutional investors to generate attractive risk-adjusted returns through refurbishing brown buildings in Europe to make them operationally carbon neutral, said Lucy Swinton, investment director at Fidelity International, during the Canadian Investment Review’s 2023 Global Investment Conference. Environmental, social and governance — particularly the ‘E’ aspects — is increasingly becoming a disruptive […]

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]]> Why are individual pension plans poorly understood by the pension sector? https://www.benefitscanada.com/news/cir-news-news/why-are-individual-pension-plans-poorly-understood-by-the-pension-sector/ Thu, 01 Jun 2023 16:30:13 +0000 https://www.benefitscanada.com/?p=139228 While individual pension plans have been around since 1991, they aren’t being widely used by the people they’re designed to help and remain poorly understood by the traditional pension sector, says Jean-Pierre Laporte, chief executive officer of Integris Pension Management Corp. “There’s no published statistics, but the last number I heard from a [Canada Revenue […]

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]]> Wells Fargo agrees to pay $1BN to public retirement plan members to settle class action lawsuit https://www.benefitscanada.com/canadian-investment-review/public-equities/wells-fargo-agrees-to-pay-1bn-to-public-retirement-plan-members-to-settle-class-action-lawsuit/ Thu, 18 May 2023 16:30:32 +0000 https://www.benefitscanada.com/?p=138471 Wells Fargo has agreed to a pay US$1 billion to settle a lawsuit filed by its two public sector pension plans who alleged the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal came to light in 2016. The class action lawsuit was filed on behalf of members of […]

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]]> More U.S. employers offering fertility benefits, but care still out of reach for many workers https://www.benefitscanada.com/benefits/health-benefits/more-u-s-employers-offering-fertility-benefits-but-care-still-out-of-reach-for-many-workers/ Wed, 17 May 2023 19:00:11 +0000 https://www.benefitscanada.com/?p=138420 Jessica Tincopa may leave the photography business she spent 14 years building for one reason — to find coverage for fertility treatment. After six miscarriages, Tincopa and her husband started saving for in vitro fertilization, which can cost more than US$20,000. But the coronavirus pandemic wiped out their savings and they can’t find coverage for IVF in their state’s health insurance marketplace. So the California couple is saving again and […]

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]]> Top 5 HR, benefits and pension stories of the week https://www.benefitscanada.com/benefits/health-benefits/top-5-hr-benefits-and-pension-stories-of-the-week-22/ Fri, 21 Apr 2023 13:00:16 +0000 https://www.benefitscanada.com/?p=136898 An opinion piece on how certain aspects of the Quebec government’s rules and constraints on private drug plans affect pharmacy costs was the most-read story on BenefitsCanada.com this past week. 1. Sounding Board: Why do Quebec’s private drug plans pay higher pharmacy fees?  2. Custodial, maintenance workers at TMU striking over pension contribution increase 3. Half of Canadian benefits providers […]

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