Latest news in Benefits Canada Archive

Canadian DB pensions return 3.13% as markets rebound: report

Canadian defined benefit pension plans posted a median 3.13 per cent return for the third quarter of 2020, following a strong market rebound, according to…

  • By: Staff
  • November 5, 2020 November 5, 2020
  • 09:23
Canadian DB pensions return 3.13% as markets rebound

Canadian DB pensions return 3.13% as markets rebound

Canadian defined benefit pension plans posted a median 3.13 per cent return for the third quarter of 2020, following a strong market rebound, according to…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 09:15
BCI and partners’ real estate fund completes $805 million closing, PSP invests in insurance-linked strategy

BCI and partners’ real estate fund completes $805 million closing, PSP invests in insurance-linked strategy

A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 09:10
B.C.-based janitors win benefits, wage boost in first collective agreement

B.C.-based janitors win benefits, wage boost in first collective agreement

Bee-Clean Building Maintenance janitors in British Columbia ratified their first collective agreement on Monday, winning employer-paid health and dental benefits, paid sick days and a wage boost. …

  • By: Staff
  • November 5, 2020 November 5, 2020
  • 09:00
Coalition of experts creating roadmap for implementing VPLAs

Coalition of experts creating roadmap for implementing VPLAs

The Global Risk Institute is bringing together experts from various institutions to build a roadmap for implementing variable payment life annuities to achieve lifetime income…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 08:45
BCI and partners’ real estate fund in $805M closing, PSP in insurance-linked strategy

BCI and partners’ real estate fund in $805M closing, PSP in insurance-linked strategy

A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million in equity…

  • By: Staff
  • November 4, 2020 November 4, 2020
  • 15:00
B.C.’s NDP developing benefits, pension supports for gig workers

B.C.’s NDP developing benefits, pension supports for gig workers

On the heels of winning re-election in British Columbia, the New Democratic Party’s work is just beginning, particularly in delivering on its promise to extend…

Caisse invests in fence and railing products company

Caisse invests in fence and railing products company

The Caisse de dépôt et placement du Québec is partnering with private equity firm TorQuest Partners to invest in fence and railing products company Barrette…

  • By: Staff
  • November 4, 2020 January 19, 2021
  • 09:02
Employers focusing on engagement, mental health of remote workers

Employers focusing on engagement, mental health of remote workers

Employers are increasingly focusing on the engagement and mental health of employees working remotely as the coronavirus pandemic drags on, according to a webinar hosted…

Stock markets wobble on uncertainty in U.S. election

U.S. stock futures and markets around the world are mostly holding steady or ticking higher in early Wednesday trading, but only after spinning through an…

CPP maximum pensionable earnings to rise in 2021

CPP maximum pensionable earnings to rise in 2021

The maximum pensionable earnings under the Canada Pension Plan for 2021 are increasing to $61,600, from $58,700 in 2020. The new ceiling was calculated according to a CPP…

  • By: Staff
  • November 4, 2020 November 4, 2020
  • 08:45
U.S. SEC proposing gig workers paid in company stocks

Uber, Lyft spend big, win in California vote about drivers, benefits

Uber Technologies Inc., Lyft Inc. and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the…

Equitable Life upgrading online benefits enrolment for new employees

Equitable Life upgrading online benefits enrolment for new employees

The Equitable Life Insurance Co. of Canada is enhancing its online enrolment tool for group benefits plan members. New employees will now be able to…

  • By: Staff
  • November 3, 2020 November 3, 2020
  • 15:00
Employers can reimburse $500 tax-free for home office furniture

Employers can reimburse $500 tax-free for home office furniture

With so many Canadian employees working from home due to the coronavirus pandemic, the Canada Revenue Agency is adding home office furniture to the list…

  • By: Staff
  • November 3, 2020 November 3, 2020
  • 09:00
Five lessons for employers to apply to the pandemic’s second wave

Five lessons for employers to apply to the pandemic’s second wave

As coronavirus cases rise across the country and some return-to-work plans become return-to-home plans, many employers are wondering how to help their employees adapt once again…

Caisse investing further in electric vehicle charging network

Caisse investing further in electric vehicle charging network

The Caisse de dépôt et placement du Québec is part of a $53-million round of Series C funding for AddEnergie Technologies Inc., a Quebec-based operator…

  • By: Staff
  • November 2, 2020 January 19, 2021
  • 15:00
CAP income replacement levels up from all-time lows in March: report

CAP income replacement levels up from all-time lows in March: report

The average gross income replacement ratio for a typical defined contribution plan member was up at the end of September, according to Eckler Ltd.’s latest…

  • By: Staff
  • November 2, 2020 January 19, 2021
  • 15:00
Supreme Court decision aggravates termination clause problems for employers

Supreme Court decision aggravates termination clause problems for employers

A recent decision from the Supreme Court of Canada suggests the test for employers seeking to limit recovery for unlawful termination damages related to long-term…

Canadian DB pension plans post 3% return, buoyed by equities: report

Canadian DB pension plans post 3% return, buoyed by equities: report

Canadian defined benefit pension plans posted a median three per cent return in 2020’s third quarter, buoyed by positive performance in equity markets, according to…

  • By: Staff
  • November 2, 2020 January 19, 2021
  • 08:45
EQ Care launching free pandemic support program

EQ Care launching free pandemic support program

EQ Care is offering free access to its on-demand mental-health support program to help people cope as Canada endures a second wave of the coronavirus pandemic. “Being committed…

Canada Infrastructure Bank names new CEO

Canada Infrastructure Bank names new CEO

The Canada Infrastructure Bank is appointing Ehren Cory as chief executive officer. In the new role, Cory’s first priorities will include implementing the bank’s $10-billion growth plan and drawing…

  • By: Staff
  • October 30, 2020 January 19, 2021
  • 15:30
UTAM making progress toward goals on climate change

UTAM making progress toward goals on climate change

The University of Toronto Asset Management Corp. is making significant progress toward its goals on climate change, according to its fourth annual responsible investing report.…

  • By: Staff
  • October 30, 2020 January 19, 2021
  • 15:15
Ehren Cory appointed as new Canada Infrastructure Bank CEO

Ehren Cory appointed as new Canada Infrastructure Bank CEO

The Canada Infrastructure Bank has appointed Ehren Cory as its new chief executive officer. Cory previously served as Infrastructure Ontario’s president and chief executive and…

Survey finds 80% of employees want remote work to continue post-pandemic

Survey finds 80% of employees want remote work to continue post-pandemic

While the shift from driving to an office in a suit to shuffling to a laptop in slippers was supposed to be a temporary reaction…

  • By: Staff
  • October 30, 2020 November 12, 2021
  • 08:45
Group health plan costs expected to rise in 2021: report

Group health plan costs expected to rise in 2021: report

The costs of employer-provided health plans in Canada are expected to rise seven per cent next year, outpacing general inflation by more than five per cent,…

  • By: Staff
  • October 29, 2020 October 29, 2020
  • 15:15