The percentage of Canadians taking all of their allotted vacation time increased to 27 per cent in 2021, compared to 2020 when 20 per cent said they used all of their vacation days, according to a new survey by Maru Public Opinion for ADP Canada Co. For the first time since 2017, the “time-off tax” — an […]
The Caisse de dépôt et placement du Québec is co-financing $100 million in credit for a remote area monitoring company. The Caisse is joining fellow investors, including the Business Development Bank of Canada and Export Development Canada, to provide credit for quasi-equity, subordinated debt and revolving credit for Vosker. The majority of the funding will […]
Almost all (94 per cent) small- to medium-sized Canadian employers offer a benefits plan, according to a new survey by Humi. The survey, which polled the organization’s employer clients, found slightly more than a third (42 per cent) of respondents said they’re paying for the full cost of benefits premiums. However, when it comes to […]
A story on the federal government’s economic and fiscal update took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Federal government extending pandemic aid for employers, employees 2. Ontario recommending introduction of new portable benefits program 3. Toronto’s Juno College planning to move to 100% employee-ownership […]
The Caisse de dépot et placement du Québec is entering a co-investment collaboration targeting ventures in the sustainable energy sector. The three-year agreement between the Caisse and the BP-owned investment firm BP Ventures has already resulted in an investment in Bridge to Renewables Inc., which is developing software infrastructure to enable electric vehicles to interact with […]
Both employees and human resources executives are seeing the impact of personal financial stress on work productivity and performance during the coronavirus pandemic, according to a new survey by Morgan Stanley at Work. While 82 per cent of employer respondents said they’re worried that personal financial issues are affecting employees’ work productivity, 64 per cent of […]
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 […]