With just about a month to go until the federal government’s long-awaited Canada Pension Plan enhancements kick in on Jan. 1, 2019, Scott Perkin is relaxed about the prospect. Although the changes have been billed as one of the biggest shakeups to the CPP since its introduction in the mid-1960s, Perkin, the director of pension […]
Ontario’s smallest companies will be saving on their employer health tax come Jan. 1, 2019. The province’s 2018 economic outlook and fiscal review, presented by Finance Minister Vic Fedeli on Thursday, proposed an increase to the amount of payroll eligible for exemption from the employer health tax from $450,000 to $490,000 for organizations with 10 or […]
The Constitution allows Ottawa and the provinces to set up a national securities regulator, the Supreme Court says in a ruling that could help advance a plan for countrywide oversight of capital markets. In its unanimous ruling Friday, the high court also found that federal draft legislation for national regulation of the trade in stocks, […]
An accounting indexation error by Veterans Affairs Canada has deprived thousands of veterans of indexation increases to their monthly disability pension, according to Canada’s veterans Ombudsman. The office of the veterans ombudsman uncovered the error, which could total around $165 million for the period of 2003 and 2010, when it analyzed the math behind the implementation […]
The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2019 will be $57,400, up from $55,900 in 2018. Contributors who earn more than $57,400 won’t be permitted to make additional contributions to the CPP. The basic exemption amount for 2019 remains $3,500. The registered retirement savings plan […]
Although the landscape is set to change dramatically with the legalization of marijuana for recreational use, plan sponsors and members can expect a distinct system for medical cannabis to continue, said Aurora Cannabis Inc.’s Jonathan Zaid. Speaking at the Pharmacy Solutions in Drug Plan Management forum in Mississauga, Ont. on Sept. 25, Zaid, the organization’s director, advocacy and […]
The Trudeau government is seeking to give federally regulated workers more paid personal leave days in a proposal that arrives as Ontario moves to cut workers’ time-off entitlements. Federal budget legislation, if passed, would let workers take up to five days off each calendar year for reasons such as the care of relatives, children’s educations […]
As part of the Ontario government’s new bill amending the Employment Standards Act, it’s bringing back the option for employers to request a medical note from employees taking sick leave, family responsibility leave or bereavement leave. As legislation currently stands, employers may require evidence classified as “reasonable in the circumstances” to prove an employee is eligible to […]
A week after publishing the results of a consultation on the topic, the federal government is introducing pay equity legislation for federally regulated workplaces. Under the pay equity regime, employers will be required to examine their compensation practices to ensure women who work in federally regulated workplaces receive equal pay for work of equal value. This includes the federal […]
Ontario’s Premier Doug Ford is pledging his support for Ontario steelworkers and their pensions in the wake of the United States’ government’s 25 per cent tariff on Canadian steel. In an announcement last week to Algoma Steel Inc. employees in Sault Ste. Marie, Ont., Ford said the provincial government would be helping in the form of regulatory relief from […]