The federal government is extending several coronavirus pandemic aid measures as the pandemic rages on. During the economic and fiscal update on Tuesday, the government announced it’s extending the simplified rules for deducting home office expenses and increasing the temporary flat rate from $400 to $500 annually. In 2020, the government set out a temporary flat-rate […]
The City of Toronto is delaying recently announced return-to-office plans in the wake of the new Omicron coronavirus variant. All fully-vaccinated office-based employees with the City of Toronto were set to be back in the workplace, at least some of the time, starting on Jan. 4, 2022. That plan has now been put on ice […]
Countries with strong social and governance traditions are seeing fewer deaths and more economic stability during the coronavirus pandemic, according to a new report by FTSE Russell. “The analysis shows that investing in [environmental, social and governance] themes has overarching benefits, both for economies and investors,” wrote the report’s researchers. “While it results in more […]
The Healthcare of Ontario Pension Plan is appointing Lori Hall-Kimm as head of global private equity. In the new role, which takes effect on Jan. 24, 2022, Hall-Kimm will lead the development of a strategic and operational plan for private capital investments. She’ll join the HOOPP after five years at the Canada Pension Plan Investment […]
The Canada Pension Plan Investment Board is investing US$300 million in a British alternative energy company. According to the terms of the strategic partnership agreement, the CPPIB’s initial capital contribution will be used to fund the expansion of the Octopus Energy Group’s Kraken platform, a licensed software used to grow the company’s retail strength and […]
While nearly half (47 per cent) of global human resources leaders said their company supports employee well-being, just 24 per cent of employees agreed, according to a new survey by Achievers Workforce Institute. The global survey, which polled more than 2,000 employees and 950 HR leaders from Australia, Canada, the U.K. and the U.S., found […]
Pinterest is expanding its parental and fertility benefits offerings, including the addition of two rounds of in vitro fertilization and egg freezing. The social media company’s enhanced benefits — available to all employees worldwide — also include a minimum of 20 weeks of parental leave for all parents, while adoptive parents will now have 20 weeks […]
A new report by the Ontario government’s advisory committee on the future of work is recommending the introduction of a new portable benefits program. The Ontario Workforce Recovery Advisory Committee, which delivered its interim report this summer, set out 21 recommendations, including supporting workers who fall outside the purview of traditional benefits programs. The report […]
With many employers eyeing a return to the office in 2022, it’s no surprise a story looking at how the City of Toronto and a range of national banks are rolling out return-to-workplace plans took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. City […]
The Canada Pension Plan Investment Board is entering a joint venture to develop, acquire and manage rental communities in the U.S. The agreement, between the CPPIB and Greystar Real Estate Partners, involves a combined capital commitment of US$840 million. Profits from the joint venture will be unevenly split, with the CPPIB entitled to a 95 […]