Many Canadians prefer TFSAs to RRSPs
As the RRSP contribution deadline approaches, many Canadians are debating whether to invest in an RRSP or a tax-free savings account (TFSA). A BMO study…
- By: Staff
- January 21, 2013 September 13, 2019
- 09:32
As the RRSP contribution deadline approaches, many Canadians are debating whether to invest in an RRSP or a tax-free savings account (TFSA). A BMO study…
A new survey from Desjardins Insurance has found that an overwhelming number—86% of respondents—intend to gradually transition into retirement rather than leaving the workforce abruptly,…
Changing rules in China around social security participation for foreign workers and maternity pay requirements have implications for employers operating in the country, according to…
With DC pension plans continuing to gain prominence as a leading tool for employee retirement saving, Mercer has offered a list of steps plan sponsors…
Historically, Canadian pension accounting standards were viewed as one of the barriers encountered by employers wishing to reduce pension risk. These barriers included the ability…
A new CIBC poll suggests that a majority of Canada’s retirees feel they are currently living the retirement they hoped for today. However, some are…
Due to recent gun violence in the U.S., the California State Teachers’ Retirement System (CalSTRS) Investment Committee made a socially responsible investment decision to divest…
When the federal government introduced legislation to create pooled registered pension plans (PRPPs) for federally regulated employees in November 2011, it confidently predicted that the…
Many pension plan sponsors hear from members that one of their biggest challenges is finding room in their finances to make regular plan contributions. Canadians…
Industry Insight What political/legal developments will be most influential to Canada’s pension and benefits landscape in 2013? Mike Sullivan, president, Cubic Health: “In July 2012,…
The target benefit plan (TBP) is a new pension model gaining both attention and momentum in Canada for its potential to provide plan members with…
What is the leading advice Canadian retirees would offer to working Canadians who expect to retire in their 60s? Start saving now. Results from the…
Jim Keohane, president of the Healthcare Ontario Pension Plan (HOOPP), is credited with reducing the organization’s investment risks, which helped the plan weather the financial…
An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story…
While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities,…
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the…
The International Centre for Pension Management is celebrating 20 years of promoting strong pension governance practices by regularly engaging plan sponsor members, says Sebastien Betermier, the organization’s…
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of…
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s…
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism…
Going through a divorce can be an extremely stressful and emotional experience and, unsurprisingly, the impacts can spill into the workplace. “[Employees may be] at…
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…