The Financial Services Regulatory Authority of Ontario is inviting stakeholders to provide their input on the proposed guidance in support of permanent target-benefit framework for multi-employer pension plan sponsors. The guidance explains how the FSRA will oversee and apply Ontario’s framework, which came into effect on Jan. 1. Read: FSRA monitoring target-benefit framework, pension risks in […]
An article on the Ontario government’s return-to-office mandate for provincial employees 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. My Take: Ontario’s latest return-to-work mandate is misinformed, short-sighted 2. Ontario Teachers’ investing US$40 million in HR platform, […]
The real estate investment arm of one of the country’s largest pension funds is worried about the value of its assets if a B.C. billionaire is able to buy Hudson’s Bay Co.’s leases at its properties. In documents filed with the Ontario Superior Court, Oxford Properties Group argues transferring leases to “an unvetted and unproven” […]
What’s a plan administrator to do when an individual makes a claim to a pension entitlement that goes back many years after their employment — or in some cases, the employment of a spouse, partner, parent or even grandparent — has ended and available pension records are inconclusive? In a perfect world, when pension inquiries […]
The global real estate arm of the Ontario Municipal Employees’ Retirement System is breaking ground in a purpose-built rental project located in Scarborough, Ont. As part of the project’s development, Oxford Properties Group received a $650 million rental housing construction loan through the Canada Mortgage and Housing Corporation’s apartment construction loan program. The development will […]
The median solvency ratio of Ontario’s defined benefit pension plans reached 119 per cent during the first quarter of 2025, according to a new report by the Financial Services Regulatory Authority of Ontario. The solvency ratio declined by three percentage points as at March 31, 2025, compared to the previous quarter. This is the first […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
New legislation in Ontario is signalling that the province is serious about addressing structural inefficiencies in its housing market and institutional investors could play a role, says Michael Tsourounis, managing partner and chief investment officer at Hazelview Investments. “The province’s goal on this is to enable developers to start building faster, . . . the […]
While pay transparency requirements differ across Canada, there are several best practices for employers to ensure equity in the workplace, says Caitlin Hurren, legal counsel at ADP Canada. Provincial pay transparency legislation is gradually being enacted across the country. On Jan. 1, 2026, Ontario-based employers will be required to include total compensation — including base […]
More than half (58 per cent) of Ontario employees say retirement planning should go beyond financial wellness and encompass physical and mental health and social connections, according to a new survey by the Ontario Municipal Employees Retirement System. The survey, which polled more than 750 workers and more than 750 retirees, found roughly eight in […]