Alberta’s move to enter the captive insurance market could have significant benefits for employers in the province. On Dec. 2, 2021, the province’s proposed Bill 76, the Captive Insurance Companies Act, received royal assent, taking it one step closer to becoming law. If passed, the legislation will make Alberta the second province, after British Columbia, to […]
Ontario is eyeing a new system to provide “portable benefits” for workers in the gig economy, retail and hospitality sectors who don’t currently have health, dental or vision coverage. Under the plan, workers would be able to keep their benefits even if they change jobs, said the province in a press release. If the plan […]
In 2020, members of the Canadian Life and Health Insurance Association spent $650 million on drugs for rare diseases for more than 13,000 patients. Rare diseases affect one in 12 Canadians and between 6,000 and 8,000 rare diseases are known globally. In addition, roughly 80 per cent of these diseases occur in children and only […]
How the City of Toronto is continuing to support employee mental health in these uncertain times took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. How the City of Toronto is supporting employee mental health in 2022 and beyond 2. Why CPP premiums are getting […]
Federal Health Minister Jean-Yves Duclos has put a six-month pause on new regulations designed to lower the cost of patented medicines in Canada. Health Canada first announced in 2019 that the Patented Medicine Prices Review Board would change how it sets a price cap on medicines in Canada in an effort to lower excessively expensive […]
The second year since the onset of the global coronavirus pandemic was a significant one for the human resources, benefits, pension and investment industries, particularly when it came to stories about vaccines. With more than three million page views on BenefitsCanada.com in 2021, here are the year’s most popular stories. What can employers do if […]
It’s no secret there’s a looming retirement savings gap among Indigenous and racialized Canadian seniors and their white counterparts. Indeed, a June 2021 study by the Canadian Centre for Policy Alternatives found data from the 2016 census showed white seniors’ income from private pension sources — such as registered pension plans and registered retirement savings […]
However long the social, political and economic fallout of the coronavirus pandemic may last, humanity and its economic systems have weathered the storm exceptionally well, said David Frum, a political commentator and senior editor at The Atlantic, during the keynote address at the Canadian Investment Review‘s 2021 Investment Innovation Conference. “We just put the entire world […]
The Senate gave quick approval Thursday to a new round of coronavirus pandemic aid after federal Finance Minister Chrystia Freeland made a pre-holiday plea to rubber-stamp the help and promised that benefits would flow quickly to employers and employees in need. Bill C-2 would provide targeted aid to businesses that are ordered closed and to […]
Juno College is planning to move to a 100 per cent employee-ownership model. The Toronto-based college, formerly known as Hacker U, was established by Heather Payne (pictured) nearly 10 years ago to transition workers into careers in the technology sector. Over the next decade, the school will focus on repaying the college’s investors and becoming a […]