federal budget – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Wed, 14 Aug 2024 19:00:42 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Mandating Canadian pension funds’ domestic investments could harm plan members: study https://www.benefitscanada.com/canadian-investment-review/research-markets/mandating-canadian-pension-funds-domestic-investments-could-harm-plan-members-study/ Thu, 27 Jun 2024 13:00:19 +0000 https://www.benefitscanada.com/?p=157443 A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]

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]]> More work to be done on feds’ plan to encourage domestic pension investments: lawyers https://www.benefitscanada.com/canadian-investment-review/alts/more-work-to-be-done-on-feds-plan-to-encourage-domestic-pension-investments-lawyers/ Thu, 23 May 2024 13:00:16 +0000 https://www.benefitscanada.com/?p=155907 The federal government’s promise to encourage Canadian institutional investors to invest more domestically is taking shape with two key initiatives found in the 2024 budget. The first involves the creation of a working group led by Stephen Poloz, former Governor of the Bank of Canada, to explore domestic opportunities for Canadian institutional investors in various […]

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]]> How will crypto disclosure rules impact federally regulated pension plans? https://www.benefitscanada.com/pensions/governance-law/how-will-crypto-disclosure-rules-impact-federally-regulated-pension-plans/ Thu, 20 Apr 2023 13:00:58 +0000 https://www.benefitscanada.com/?p=136812 In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of the Superintendent of Financial Institutions. The government has yet to announce how the pension disclosure requirements will be implemented. “Just how these guidelines will affect standards of governance or regulatory […]

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]]> Canada Growth Fund emphasizing ‘over-hyped’ transition technologies, says watchdog https://www.benefitscanada.com/pensions/governance-law/canada-growth-fund-emphasizing-over-hyped-transition-technologies-says-watchdog/ Tue, 04 Apr 2023 16:30:23 +0000 https://www.benefitscanada.com/?p=136029 A watchdog organization is criticizing a government fund dedicated to attracting investments in green technologies. “The government seems to be saying this is concessional finance,” says Adam Scott, executive director of Shift Action for Pension Wealth and Planet Health. “The goal [of the Canada Growth Fund] is to put the first money into higher risk investments […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-30/ Fri, 31 Mar 2023 13:00:30 +0000 https://www.benefitscanada.com/?p=135909 An article on a 2023 budget proposal to require employers to report dental coverage as part of the national dental-care program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Enhanced national dental plan to require reporting of employer-provided coverage: budget 2. CAAT raising DBplus […]

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]]> What’s in the federal budget for DB pension plans, institutional investors? https://www.benefitscanada.com/canadian-investment-review/cir-news/whats-in-the-federal-budget-for-db-pension-plans-institutional-investors-2/ Thu, 30 Mar 2023 16:00:20 +0000 https://www.benefitscanada.com/?p=135861 The 2023 federal budget, which was announced on Tuesday, includes several initiatives related to defined benefit pension plans and the broader institutional investment sector. The government said it would entrust the administration of a new federal investment fund to the Public Sector Pension Investment Board. “By partnering with PSP Investments, the Canada Growth Fund will […]

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]]> Coalition seeking to bring employee ownership trusts to Canada https://www.benefitscanada.com/news/bencan/coalition-seeking-to-bring-employee-ownership-trusts-to-canada/ Fri, 10 Feb 2023 14:00:40 +0000 https://www.benefitscanada.com/?p=133718 The Canadian Employee Ownership Coalition is urging the federal government to introduce an employee ownership trust in the next federal budget and to remove tax barriers to employee ownership by adopting the U.K.’s approach to a capital gains tax exemption. The federal government pledged to study the barriers to employee ownership in its 2021 budget and committed […]

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]]> Feds’ proposed change to METC could expand workplace coverage of fertility services https://www.benefitscanada.com/benefits/health-benefits/feds-proposed-change-to-metc-could-expand-workplace-coverage-of-fertility-services/ Mon, 25 Apr 2022 13:00:35 +0000 https://www.benefitscanada.com/?p=120016 With the federal government’s 2022 budget proposing to allow expenses related to fertility and surrogacy to be claimed by a wider range of individuals under the medical expense tax credit, will the move lead to increased coverage under workplace benefits plans? The government’s proposal would expand the definition of a patient to include the taxpayer, […]

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]]> CLHIA calling for increased access to VPLAs, prescription drugs https://www.benefitscanada.com/pensions/governance-law/clhia-calling-for-increased-access-to-vplas-prescription-drugs/ Mon, 09 Aug 2021 19:00:32 +0000 https://www.benefitscanada.com/?p=105272 The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all registered retirement plans. In its 2022 federal budget submission, the CLHIA said VPLAs, as enacted, will only be available to members of very large defined contribution pension plans, excluding Canadians […]

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]]> CFIB, Unifor clashing over proposed $15 federal minimum wage https://www.benefitscanada.com/human-resources/hr-other/cfib-unifor-clashing-over-proposed-15-federal-minimum-wage/ Fri, 14 May 2021 19:00:47 +0000 https://www.benefitscanada.com/?p=100547 The head of the country’s largest private sector union says Parliament should raise the federal minimum wage to $15 per hour and possibly put future increases into the hands of an independent commission. Unifor president Jerry Dias says an independent commission could be comprised of key stakeholders to research the effects of minimum wage policy […]

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