group TFSA – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Head to head: Are employers’ financial literacy initiatives translating into reality? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-are-employers-financial-literacy-initiatives-translating-into-reality/ Fri, 15 Nov 2024 13:59:53 +0000 https://www.benefitscanada.com/?p=162361 One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy is helping to do just that. Roland Chiwetelu (pictured right), associate director of financial wellness, Eckler Ltd. One expert suggests employers bridge their knowledge gap by finding ways to turn […]

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]]> 2024 DC Investment Forum: Panel: How employers are supporting plan members’ investment decisions amid rising cost of living https://www.benefitscanada.com/events/conference-coverage/2024-dc-investment-forum-panel-how-employers-are-supporting-plan-members-investment-decisions-amid-rising-cost-of-living/ Wed, 06 Nov 2024 12:51:23 +0000 https://www.benefitscanada.com/?p=161887 The rising cost of living in the post-pandemic era has impacted all aspects of employees’ financial wellness, including retirement savings. In 2023, Hofmann-La Roche Ltd. examined the savings needs of its multigenerational workforce and determined more flexibility was required to encourage employees to set aside retirement savings, said Rana Kassab (pictured right), the company’s director […]

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]]> CAA Club Group wins award for holistic, data-driven wellness approach https://www.benefitscanada.com/benefits/health-wellness/caa-club-group-wins-award-for-holistic-data-driven-wellness-approach/ Thu, 31 Oct 2024 13:00:44 +0000 https://www.benefitscanada.com/?p=161333 CAA Club Group’s holistic and data-driven approach to employee well-being led to a win in the Health/Wellness Program category for employers with more than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. This is the second year in a row that CAA has won the award. “We know that we do […]

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]]> 2024 CAP Member Survey: How CAPs are supporting employee financial wellness amid growing economic uncertainty https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-cap-member-survey-how-caps-are-supporting-employee-financial-wellness-amid-growing-economic-uncertainty/ Fri, 13 Sep 2024 12:56:03 +0000 https://www.benefitscanada.com/?p=159902 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 that their retirement is on track declined to 56 per cent from 63 per cent in 2022, while three-quarters (73 per cent) said they’re worried they won’t have enough saved […]

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]]> What should employers know about Quebec’s pension legislation? https://www.benefitscanada.com/pensions/governance-law/what-should-employers-know-about-quebecs-pension-legislation/ Fri, 02 Aug 2024 13:00:48 +0000 https://www.benefitscanada.com/?p=158693 Businesses that are planning to establish themselves in Quebec by way of expansion or acquisition should be aware of some unique aspects of the province’s pension and benefits laws. Employers are required to make a voluntary retirement savings plan available to their employees. In addition, provincial legislation prohibits ‘orphan’ or ‘grandfathering’ clauses that distinguish pension […]

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]]> 2024 Vancouver Benefits Summit: How Telus is making well-being, mental health a cultural priority https://www.benefitscanada.com/events/conference-coverage/2024-vancouver-benefits-summit-how-telus-is-making-well-being-mental-health-a-cultural-priority/ Mon, 08 Jul 2024 11:52:03 +0000 https://www.benefitscanada.com/?p=156945 Telus Communications Inc. is ensuring employees bring their best self to the job by supporting their well-being both in the workplace and at home, said Wade Domries, the company’s vice-president of global total rewards, during a session at Benefits Canada’s 2024 Vancouver Benefits Summit in May. The organization’s current approach to well-being started taking shape […]

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]]> Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options https://www.benefitscanada.com/events/conference-coverage/association-of-ontario-midwives-benefits-trust-supporting-employees-with-financial-literacy-dc-plan-options/ Fri, 10 May 2024 11:56:25 +0000 https://www.benefitscanada.com/?p=154784 Financial literacy initiatives and a wide range of capital accumulation plan options are key components in supporting the financial health of midwives, said Nicole Mellin, executive director of the Association of Ontario Midwives Benefits Trust (pictured left), during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. The association provides its roughly […]

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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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]]> ACPM reiterating support for automatic features in Ontario retirement savings plans https://www.benefitscanada.com/pensions/cap/acpm-reiterating-support-for-automatic-features-in-ontario-retirement-savings-plans/ Fri, 17 Nov 2023 14:00:56 +0000 https://www.benefitscanada.com/?p=147292 The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered retirement savings plans and group tax-free savings accounts. In a letter to the Ontario government, the association said the province’s employers want to implement automatic features that reduce red tape […]

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]]> 2023 CAP Member Survey: How CAPs are evolving to address changing financial priorities https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-member-survey-how-caps-are-evolving-to-address-changing-financial-priorities/ Fri, 11 Aug 2023 12:55:33 +0000 https://www.benefitscanada.com/?p=141784 With Canadians’ financial priorities shifting alongside a turbulent economic climate, including inflation levels not seen in decades and a never-ending rise in the cost of living, it isn’t surprising capital accumulation plan members’ commitment to retirement savings is taking a hit. Benefits Canada’s 2023 CAP Member Survey found just 41 per cent of respondents rated […]

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