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Ontario pension bill includes changes to e-communications, missing members

With the introduction of Bill 132 in the Ontario legislature last week, pension plan sponsors should be aware of a number of amendments coming to the Pension Benefits Act. If passed, the changes will affect sections of the act that cover electronic communications, missing plan members and the conversion of single-employer pensions into a jointly […]

  • By: Staff
  • November 6, 2019 November 30, 2020
  • 15:15
FSRA stakeholder advisory committee for pensions appoints members

The Financial Services Regulatory Authority of Ontario has appointed members to its stakeholder advisory committee for the pension sector. The committee, which was introduced in July 2019, will provide advice and feedback to the regulator on sector-related matters and will form part of its stakeholder engagement process going forward. The committees members represents a cross-section of views and backgrounds. Read: FSRA […]

  • By: Staff
  • November 4, 2019 November 30, 2020
  • 10:15
A look at how the legal landscape for DC pension plans is changing

Defined contribution plan sponsors are facing challenges that will shape the nature of their legal obligations to employees. Member communication is a key challenge, said Jon Marin, an associate in pension and benefits at Osler, Hoskin & Harcourt LLP, during Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27. “In the vast […]

Canadian employers want more information about cannabis in the workplace: survey

The vast majority (87 per cent) of Canadian business owners said they haven’t had any cannabis-related incidents in the workplace since recreational cannabis was legalized last October, according to a new survey by the Canadian Federation of Independent Business. Just eight per cent said they had experienced an incident, while five per cent were unsure. Employers with […]

  • By: Staff
  • October 21, 2019 November 12, 2020
  • 10:00
PIAC calling for tighter link to asset allocation for PfAD in B.C. solvency funding framework

While the Pension Investment Association of Canada is generally supportive of British Columbia’s proposed solvency funding framework, when it comes to requirements around funding the provision for adverse deviations, the organization is suggesting B.C. takes a page from Ontario and Quebec. With many governments across Canada looking to make defined benefit plans more sustainable, the […]

  • By: Staff
  • September 20, 2019 November 12, 2020
  • 09:23
Liberals promising tax-free parental benefits, increased CPP survivor’s benefit

The Liberal Party announced a number of campaign promises this week, including making maternity and parental benefits tax-free, introducing a 15-week leave for adoptive parents, strengthening the old-age security benefit and increasing the Canada Pension Plan and Quebec Pension Plan survivor’s benefit. If re-elected, the Liberal government said it will work to establish guaranteed paid family […]

  • By: Staff
  • September 19, 2019 November 30, 2020
  • 15:00
Manitoba NDP, Liberals pledge to hike minimum wage

Manitoba’s New Democratic Party and Liberal Party announced a host of worker-friendly campaign promises over the Labour Day weekend, with both parties committing to raise the minimum wage to $15 an hour. The province’s minimum wage, one of the lowest in Canada, is currently $11.35 an hour. It’s set to increase to $11.65 on Oct. 1, […]

  • By: Staff
  • September 4, 2019 November 12, 2020
  • 09:15
Feds update appeals process for EI, CPP and OAS

The federal government is reforming the tribunal that handles appeals related to employment insurance, Canadian Pension Plan and old-age security payments. Currently, Canadians who disagree with decisions by Employment and Social Development Canada or the Canada Employment Insurance Commission relating to these payments, as well as CPP disability benefits, can appeal to the tribunal’s general division. […]

  • By: Staff
  • August 21, 2019 November 12, 2020
  • 09:30
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On Sept. 1, federally regulated employers will see the impact of several changes to the Canada Labour Code, including the new right for employees to request flexible working arrangements, as well as new leaves and other measures supporting workplace flexibility. “The changes to the code . . . will support employees in achieving better work-life […]

Liberal leadership hopeful proposing basic group benefits plan for all Ontario workers

Ontario Liberal leadership contender Steven Del Duca is proposing the creation of a basic group benefits package for workers in the province who are currently without one. As part of his so-called Economic Dignity Charter, the former Member of Provincial Parliament for Vaughan promised to create a portable, government-backed benefits program for the self-employed, contract employees and people […]

  • By: Staff
  • August 14, 2019 November 12, 2020
  • 09:00