GIS – Benefits Canada.com

How will federal election platforms impact HR, benefits and pensions?

Jennifer Paterson — Mon, 20 Sep 2021 13:00:58 +0000

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 […]

The post How will federal election platforms impact HR, benefits and pensions? appeared first on Benefits Canada.com.

Conservatives promise gig workers access to CPP, EI; Liberals look to raise GIS, lower retirement age

mdunne — Fri, 27 Aug 2021 19:00:04 +0000

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 […]

The post Conservatives promise gig workers access to CPP, EI; Liberals look to raise GIS, lower retirement age appeared first on Benefits Canada.com.

East coast companies among early adopters of new retirement savings platform

bwolfe — Tue, 29 Jun 2021 13:00:50 +0000

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 […]

The post East coast companies among early adopters of new retirement savings platform appeared first on Benefits Canada.com.

Head to head: Is there a right time to take CPP benefits?

mschmit — Fri, 15 May 2020 04:59:44 +0000

While many Canadians can’t wait to start drawing down Canada Pension Plan benefits when they turn 65, it’s important to consider whether that’s the right move Bonnie-Jeanne MacDonald, director of financial security research at Ryerson University’s National Institute on Ageing Delaying CPP is the safest, most inexpensive approach to receiving more secure retirement income. Yet […]

The post Head to head: Is there a right time to take CPP benefits? appeared first on Benefits Canada.com.

CPP enhancements good start, but more needed to ensure retirement readiness: report

mschmit — Wed, 12 Feb 2020 05:30:25 +0000

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a new report from Ryerson University’s National Institute on Ageing. The paper — authored by Keith Ambachtsheer, director emeritus of the International Centre for Pension Management, and Michael Nicin, executive director of […]

The post CPP enhancements good start, but more needed to ensure retirement readiness: report appeared first on Benefits Canada.com.

Editorial: Will Canadians ever really retire?

mschmit — Fri, 22 Nov 2019 05:00:23 +0000

I think it’s fair to say that retirement security is top of mind for the majority of Canadians. And politicians are listening: it was constructive to see all the major parties coming up with measures to deal with the issue during the most recent election campaign. In my last editorial, I summarized the various election […]

The post Editorial: Will Canadians ever really retire? appeared first on Benefits Canada.com.

What’s next for Canada’s retirement income system?

mschmit — Fri, 22 Nov 2019 04:56:28 +0000

In the coming decade, the median retirement age could increase from 65 to 68, though the exact timing and extent of this rise can’t be predicted with complete confidence. However, Canadians are staying in the workforce longer, so if Canada continues to pay pension benefits at age 65, it’s certain that a significant and growing […]

The post What’s next for Canada’s retirement income system? appeared first on Benefits Canada.com.

Head to head: Is it time to change the retirement age?

mschmit — Fri, 18 Oct 2019 04:59:53 +0000

As the pension industry faces shifting demographics and rising longevity, and both the former and current federal governments have taken opposite positions on changing the retirement age, the issue is still up for debate. Carly Wybrow, spokesperson for the Canadian Institute of Actuaries When the Canada Pension Plan and Quebec Pension Plan were established in […]

The post Head to head: Is it time to change the retirement age? appeared first on Benefits Canada.com.

What pension issues are parties highlighting in run-up to federal election?

mschmit — Tue, 15 Oct 2019 11:15:32 +0000

As the federal Conservative Party finally introduced its election platform last week, it included a number of provisions around pension plan solvency and retirement security. If elected, the party said it will mandate that all federally regulated companies report on the solvency of their pension funds. “This will give seniors the confidence that their hard-earned […]

The post What pension issues are parties highlighting in run-up to federal election? appeared first on Benefits Canada.com.

Federal election platforms include health-care, pension policy proposals

mschmit — Tue, 17 Sep 2019 05:40:00 +0000

With the federal election about a month away, Canada’s political parties are rolling out their election platforms, making a host of promises to improve health care, employment insurance, the minimum wage and pension legislation. If elected, the Liberal Party of Canada, New Democratic Party and Green Party of Canada are all promising to implement a national pharmacare program. […]

The post Federal election platforms include health-care, pension policy proposals appeared first on Benefits Canada.com.