CPP – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 75% of older Canadians worrying about financial security: survey https://uat-cumulus.benefitscanada.com/pensions/retirement/75-of-older-canadians-worrying-about-financial-security-survey/ Fri, 05 Nov 2021 13:00:56 +0000 https://www.benefitscanada.com/?p=110938 Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]

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]]> CPP maximum pensionable earnings rising to $64,900 in 2022 https://uat-cumulus.benefitscanada.com/pensions/retirement/cpp-maximum-pensionable-earnings-rising-to-64900-in-2022/ Tue, 02 Nov 2021 13:00:56 +0000 https://www.benefitscanada.com/?p=110693 The maximum pensionable earnings under the Canada Pension Plan for 2022 is increasing to $64,900 from $61,600 in 2021. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada, according to a press release from the Canada Revenue Agency. Contributors who earn more than $64,900 in 2022 […]

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]]> Helping employees understand the benefits of delaying CPP/QPP https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/helping-employees-understand-the-benefits-of-delaying-cpp-qpp/ Fri, 15 Oct 2021 12:54:56 +0000 https://www.benefitscanada.com/?p=109168 The old adage “good things come to those who wait” is especially true of Canada and Quebec Pension Plan benefits. A $1,000 monthly CPP/QPP benefit in today’s dollars at age 60 increases to $1,112.50 if the individual delays until age 61 and to $2,218.75 if they wait until age 70, equivalent to more than $100,000 […]

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]]> New surveys highlight discrepancies in retirement readiness https://uat-cumulus.benefitscanada.com/pensions/retirement/new-surveys-highlight-discrepancies-in-retirement-readiness/ Tue, 28 Sep 2021 13:00:20 +0000 https://www.benefitscanada.com/?p=108517 About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]

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]]> Liberals unlikely to pursue super-priority for pension plan members: expert https://uat-cumulus.benefitscanada.com/pensions/governance-law/liberals-unlikely-to-pursue-super-priority-for-pension-plan-members-expert/ Fri, 24 Sep 2021 13:00:40 +0000 https://www.benefitscanada.com/?p=108387 While a re-elected Liberal government may introduce some measures to protect private pension plan members, it’s unlikely to pursue super-priority similar to what was proposed by the Conservative Party and the New Democratic Party on the federal election trail, according to a pension lawyer. “I think that there may be some measures to address the […]

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]]> How will federal election platforms impact HR, benefits and pensions? https://uat-cumulus.benefitscanada.com/news/bencan/how-will-federal-election-platforms-impact-hr-benefits-and-pensions/ Mon, 20 Sep 2021 13:00:58 +0000 https://www.benefitscanada.com/?p=107683 As Canadians head to the polls today, Benefits Canada takes a look at how the federal parties’ campaign promises could impact the human resources, benefits and pension industries. Read: Conservatives, NDP pension promises include super-priority for members The Conservative Party is proposing a plan that would put pension plan members first when the company sponsoring […]

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]]> Conservatives promise gig workers access to CPP, EI; Liberals look to raise GIS, lower retirement age https://uat-cumulus.benefitscanada.com/pensions/retirement/conservatives-promise-gig-workers-access-to-cpp-ei-liberals-look-to-raise-gis-lower-retirement-age/ Fri, 27 Aug 2021 19:00:04 +0000 https://www.benefitscanada.com/?p=106449 The Conservative Party is promising to create tax-free savings accounts that provide gig workers with access to the Canada Pension Plan and employment insurance benefits. While out on the federal election campaign trail on Thursday, Conservative Leader Erin O’Toole said the coronavirus pandemic has demonstrated the need for these accounts because gig workers currently can’t pay […]

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]]> East coast companies among early adopters of new retirement savings platform https://uat-cumulus.benefitscanada.com/pensions/cap/new-retirement-savings-plan-offers-options-to-not-for-profit-sector/ Tue, 29 Jun 2021 13:00:50 +0000 https://www.benefitscanada.com/?p=103076 Two East coast companies are among the early adopters of a retirement savings platform for employers in the not-for-profit sector. Prince Edward Island Family Violence Prevention Services Inc. and Newfoundland-based Thrive previously offered their employees group registered retirement savings plans. Danya O’Malley, executive director of the PEI Family Violence Prevention Services, says lower fees was […]

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]]> Alberta looking at next steps to pull out of the CPP: Kenney https://uat-cumulus.benefitscanada.com/pensions/governance-law/alberta-looking-at-next-steps-to-pull-out-of-the-cpp-kenney/ Fri, 12 Mar 2021 05:00:31 +0000 https://www.benefitscanada.com/?p=96270 Alberta Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan. But Kenney says even if the United Conservative government proceeds, Albertans will have the final say through a referendum on whether to create an Alberta Pension Plan. Treasury Department officials […]

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]]> Canadians taking CPP at 60 losing $100,000+ in retirement income: study https://uat-cumulus.benefitscanada.com/pensions/retirement/canadians-taking-cpp-at-60-losing-100000-in-retirement-income-study/ Fri, 11 Dec 2020 11:30:40 +0000 https://cumulus.benefitscanada.com/uncategorized/canadians-taking-cpp-at-60-losing-100000-in-retirement-income-study/ The average Canadian taking  Canada/Quebec Pension Plan benefits at age 60 instead of waiting until 70 can expect to lose more than $100,000 of secure lifetime income, according to a new research paper by Ryerson University’s National Institute on Ageing and the FP Canada Research Foundation. The paper found a $1,000-monthly benefit in today’s dollars at […]

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