first home savings account – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 How CAPSA’s updated CAP guideline will impact plan sponsors, members https://www.benefitscanada.com/pensions/governance-law/how-capsas-updated-cap-guideline-will-impact-plan-sponsors-members/ Tue, 24 Sep 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=160449 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, smaller plan sponsors may face administrative challenges in applying the guidance, says Jordan Fremont, a partner at Stikeman Elliott LLP’s pensions and benefits group. “Because [the guideline] is so detailed, I […]

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]]> 2023 CAP Suppliers Report: How are CAPs evolving to meet the financial needs of different generations? https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-suppliers-report-how-are-caps-evolving-to-meet-the-financial-needs-of-different-generations/ Fri, 15 Dec 2023 13:57:38 +0000 https://www.benefitscanada.com/?p=148466 With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]

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]]> 2023 DC Plan Summit: How PepsiCo Canada is making its savings plan more flexible https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-how-pepsico-canada-is-making-its-savings-plan-more-flexible/ Fri, 12 May 2023 12:45:12 +0000 https://www.benefitscanada.com/?p=137359 PepsiCo Canada’s enhanced defined contribution pension plan is supporting the retirement goals of a very diverse employee population. The company, which employs roughly 11,000 people across its food and beverage divisions, has a wide range of roles, from drivers and warehouse workers to sales employees. While the organization offers multiple pension plans, the majority of […]

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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-33/ Fri, 05 May 2023 13:00:56 +0000 https://www.benefitscanada.com/?p=137375 An article on Bill C-228 receiving royal assent was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Controversial super-priority pension bill receives royal assent 2. PSAC, government tentative agreement includes new protections around remote work, wage increases 3. FHSA may work best in conjunction with group […]

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]]> FHSA may work best in conjunction with group RRSP, TFSA https://www.benefitscanada.com/pensions/cap/fhsa-may-work-best-in-conjunction-with-group-rrsp-tfsa/ Wed, 03 May 2023 13:00:04 +0000 https://www.benefitscanada.com/?p=137207 The new first home savings account may work better in conjunction with a group registered retirement savings plan or group tax-free savings account rather than as a stand-alone product, says Eric Monteiro, senior vice-president of group retirement services at Sun Life Financial Inc. “The [FHSA] limit is kind of low — it’s a $40,000 lifetime maximum […]

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