People across Canada are stressed out about money. In fact, 41 per cent of Canadians say money is their No. 1 source of stress, according to Karrina Dusablon, vice-president of market development and strategic solutions at Canada Life, during a session at Benefits Canada‘s 2020 DC Plan Summit in Montreal in February. Overall well-being is […]
Wrapping up the 2020 DC Plan Summit with his customary flair, Zaheed Jiwani, principal and leader of the DC consulting group at Eckler Ltd., highlighted the pervasive themes through a selection of songs. With Joe Cocker’s “With a Little Help from My Friends,” he noted how the plan sponsor case studies shared real-life examples of […]
Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours and significant declines in investment portfolios. But some may also feel unease if they can’t access money from specific funds within their defined contribution pension plan. “Right now, we’re aware […]
A new report by the C.D. Howe Institute is urging the federal government to suspend taxes on registered retirement savings plan withdrawals during the coronavirus pandemic. The report said the current financial assistance measures are an excellent start, but may still leave certain individuals and households with immediate cash-flow problems. Indeed, even for those to whom government assistance […]
With a few days under their belts to digest the federal government’s proposed wage subsidy benefits, some Canadian employers are starting to rehire workers who were put on furlough or laid off entirely. In a press release on Monday, Air Canada said it’s rehiring about 16,500 employees who will receive the 75 per cent wage subsidy, which aims to […]
It’s the only story around these days. COVID-19 — the coronavirus — has broken out all over the world, leading to strain on health-care resources, uncertainty in capital markets and strict social distancing and lockdown measures from governments. The pandemic is naturally causing fear, anxiety and uncertainty, both among employees and among managers. But here’s […]
With the federal government easing the withdrawal requirements for registered retirement income funds in a bid to alleviate the harm to retirees’ portfolios caused by the coronavirus-spurred market crash, the industry is suggesting similar measures for other retirement arrangements. “Canadians who are about to turn money into income will be faced with the decision of […]
Employers that want to see their wellness programs pay dividends need to develop a strategy that’s rooted in behavioural science. “This idea of ticking a box on wellness is not working anymore,” said Cynthia Hastings-James, co-founder of BestLifeRewarded Innovations, during a webinar hosted by the Canadian Pension and Benefits Institute on Thursday. “It really needs […]
The British Columbia government says it will be deferring employer health tax payments until September 30. The measure, introduced on Monday, is for employers with a payroll over $500,000 since businesses with a payroll under this threshold are already exempt from the tax. The provincial government is also providing a tax-free $1,000 payment to people […]
IBM Canada Ltd.’s director of HR talks data and analytics, holistic employee health and playing the piano Q. What top challenges do you face in your role? A. I want to help employees understand and fully leverage all of our benefits offerings. IBM provides competitive retirement saving vehicles and financial management tools, but I always […]