federal government – Benefits Canada.com

Competition Bureau to speed development of guidance on new greenwashing rules

bmcgovern — Tue, 09 Jul 2024 19:00:05 +0000

The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]

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Canada’s missing navigation tool in the push to lower emissions

bmcgovern — Tue, 02 Jul 2024 19:00:10 +0000

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

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Mandating Canadian pension funds’ domestic investments could harm plan members: study

bmcgovern — Thu, 27 Jun 2024 13:00:19 +0000

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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Pharmacare bill passes in House of Commons, heads to Senate

lbailey — Tue, 04 Jun 2024 19:00:47 +0000

The federal government’s pharmacare bill is headed to the Senate after passing third reading in the House of Commons. The bill was the result of careful and lengthy negotiations between the Liberals and the New Democratic Party as a key element of their political pact to prevent an early election. Read: Liberals table bill paving way […]

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More work to be done on feds’ plan to encourage domestic pension investments: lawyers

bwolfe — Thu, 23 May 2024 13:00:16 +0000

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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Where do Canadian institutional investors stand on calls for increased domestic investments?

bmcgovern — Thu, 04 Apr 2024 13:00:53 +0000

A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]

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Federal tax for mental-health care a barrier for many Canadians: psychotherapist

bwolfe — Thu, 23 Nov 2023 20:00:42 +0000

The head of a group that represents psychotherapists and counsellors says Ottawa’s plan to lift federal taxes on those services is a good start to addressing barriers to mental-health support, but many people still can’t afford to pay for care that should be publicly funded. Carrie Foster, a couples and family therapist and president of […]

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Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds

bmcgovern — Thu, 23 Nov 2023 16:00:40 +0000

If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension plan sponsors and other investment organizations could increase their holdings in high-performing assets, have greater oversight and accountability of their assets and see a decrease in fees for private equity, according […]

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Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement

bwolfe — Wed, 22 Nov 2023 14:00:47 +0000

In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than 30 per cent of the voting shares of most corporations. The move is part of an effort “to create an environment that encourages and identifies more opportunities for investments in […]

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2023 Risk Management Conference: Canada’s ongoing housing crisis may spur regime change in next federal election

lbailey — Wed, 18 Oct 2023 12:00:41 +0000

Canadians could see a regime change in the next federal election if the current housing crisis holds tight, according to Chantal Hébert, political commentator, journalist, columnist and author, during the keynote session at the Canadian Investment Review’s 2023 Risk Management Conference. While health care and inflation are major concerns for Canadians, the one issue that keeps coming to the forefront […]

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