While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent in 2025 to 34 per cent, the percentage that describe it as significantly worse or somewhat worse has also dropped, from 26 per cent last year to 22 per cent, […]
Canadians believe they’ll need an average of $1.7 million to retire comfortably, up from $1.54 million in 2024, and more than a third say they’re unlikely to reach that goal, according to a new survey by BMO Financial Group. It found retirement expectations vary significantly by region, with British Columbia reporting the highest average savings […]
An article on the impact of a discrimination lawsuit against a bureau of the Canadian Broadcasting Corp. was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Discrimination lawsuit underscores reputational, accommodation risks for employers: expert 2. Heated rivalry […]
Nearly half (48 per cent) of Canadian employees are contributing as much as they can afford to their workplace retirement plans, but only 41 per cent believe their contributions — including employer matches — will be enough to ensure a comfortable retirement, according to a new survey by T. Rowe Price. The Canadian portion of […]
Nearly three-quarters (74 per cent) of Canadians say rising inflation has increased concerns about having enough money saved for retirement, according to a new survey by the Bank of Montreal. It found 47 per cent estimated they’re spending an additional $100 to $300 per month on necessities, while 34 per cent said their monthly expenses […]
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan and ensure they’re on track to retire comfortably and on time. This year’s campaign is focusing on the FSRA’s three keys to retirement security: employees’ understanding of workplace pension plans, […]
UAP Inc. is supporting employee financial well-being and retirement readiness with an enhanced retirement toolkit. The toolkit contains a range of information for employees approaching retirement, from financial preparation — including information on the company’s pension and budgeting tips — to the potential impact on mental health that can take place after exiting a full-time […]
A survey of older Canadian employees by the National Institute on Ageing at Toronto Metropolitan University 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. 22% of older Canadians have saved $5,000 or less for retirement: survey 2. […]
Older Canadians’ retirement confidence is dropping amid longer life expectancies and a rising percentage of employees who continue to work past age 65, according to a new survey by the National Institute on Ageing at Toronto Metropolitan University. The survey, which polled more than 6,000 Canadians aged 50 and older, found one in five (22 […]
Half (50 per cent) of Canadian employers are now offering financial planning services and 42 per cent are providing financial literacy resources, according to a new report by Arthur J. Gallagher & Co. This is a significant increase from 2024, notes Pat Leo, vice-president of Toronto retirement at Gallagher. “With carriers in Canada now offering some […]