RRSP – Benefits Canada.com

Employees want more comprehensive benefits coverage: survey

lbailey — Fri, 19 Nov 2021 14:05:37 +0000

Canadian employees want more comprehensive coverage under their benefits plans, according to a survey by the Conference Board of Canada and Telus Health. The survey, which polled more than 1,500 Canadian workers, found a majority (82 per cent) of respondents want basic dental services (such as preventative and minor restorative) covered by their benefits plans, […]

The post Employees want more comprehensive benefits coverage: survey appeared first on Benefits Canada.com.

75% of older Canadians worrying about financial security: survey

lbailey — Fri, 05 Nov 2021 13:00:56 +0000

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 […]

The post 75% of older Canadians worrying about financial security: survey appeared first on Benefits Canada.com.

2021 Top 50 DC Plans Report: Refreshing pension plans to boost engagement, outcomes

mdunne — Fri, 15 Oct 2021 12:57:08 +0000

While renovation shows on television tend to take a sledgehammer to every surface in a house for dramatic effect, there’s another way. Defined contribution pension plans don’t need to be completely gutted to stay current. Something akin to painting an accent wall, like tweaking contribution rates, can be just as impactful and way more cost-effective. […]

The post 2021 Top 50 DC Plans Report: Refreshing pension plans to boost engagement, outcomes appeared first on Benefits Canada.com.

Health benefits claims paid out to support mental health rose 24% in 2020: CLHIA

Jennifer Paterson — Wed, 15 Sep 2021 13:00:53 +0000

Canadian insurers paid out more than $97 billion in benefits from life and health insurance products in 2020, according to the Canadian Life and Health Insurance Association’s annual fact book. The period, which included the first nine months of the coronavirus pandemic, included $420 million paid out for psychology-related claims to support mental health, up 24 […]

The post Health benefits claims paid out to support mental health rose 24% in 2020: CLHIA appeared first on Benefits Canada.com.

Uber Canada sharing details of self-directed benefits fund for gig workers

mdunne — Tue, 31 Aug 2021 13:00:29 +0000

Uber Technologies Inc. is revealing more details of a labour model it’s pitching to Canadian provinces and territories, a model that’s drawn opposition from some worker groups. The Flexible Work+ model the San Francisco-based tech giant has pushed since March asks provinces and territories to force Uber and other app-based companies to create a self-directed […]

The post Uber Canada sharing details of self-directed benefits fund for gig workers appeared first on Benefits Canada.com.

Majority of Canadian workers willing to take less pay for a workplace pension plan: survey

lbailey — Fri, 18 Jun 2021 19:00:37 +0000

A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data. The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build […]

The post Majority of Canadian workers willing to take less pay for a workplace pension plan: survey appeared first on Benefits Canada.com.

Indigenous, racialized seniors have less retirement security: report

bwolfe — Wed, 16 Jun 2021 13:00:39 +0000

Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian Centre for Policy Alternatives. Based on data from the 2016 census, the report found Indigenous seniors have an average income of $32,200 and a poverty rate of 21.5 per cent, […]

The post Indigenous, racialized seniors have less retirement security: report appeared first on Benefits Canada.com.

CLHIA calling for flexible annuity options, changes to TFSA rules

bwolfe — Mon, 01 Mar 2021 11:00:35 +0000

The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission to the 2021 federal budget, the CLHIA recommended that Canadians in and approaching retirement have access to flexible annuity options within registered pensions, registered retirement savings plans, registered retirement income […]

The post CLHIA calling for flexible annuity options, changes to TFSA rules appeared first on Benefits Canada.com.

32% of Canadians delaying retirement due to coronavirus pandemic: survey

mschmit — Mon, 25 Jan 2021 05:00:00 +0000

While the rollout of vaccines has the world cautiously optimistic about an economic recovery, a Scotiabank survey shows the coronavirus pandemic has Canadians concerned about their retirement future. According to the survey, 72 per cent of Canadians said they’re worried they’re not saving enough for retirement, while one-third (32 per cent) said they won’t be able to […]

The post 32% of Canadians delaying retirement due to coronavirus pandemic: survey appeared first on Benefits Canada.com.

Arthritis Society focusing on responsive approach to financial education

mschmit — Mon, 16 Nov 2020 05:00:54 +0000

With the ongoing coronavirus pandemic raising economic concerns, the Arthritis Society is taking a responsive approach with its Financial Literacy Month initiatives during the month of November. “We’re reading the pulse,” says Cheryl McClellan, the organization’s chief operating officer. “We haven’t seen a lot of people stressed directly in our organization, but generally, we understand […]

The post Arthritis Society focusing on responsive approach to financial education appeared first on Benefits Canada.com.