Pension Benefits Standards Act Budget 2016 proposes changes to the agreement powers of the Pension Benefits Standards Act (PBSA). The Government proposes to broaden the scope of its ability to enter into bilateral agreements with provinces under the PBSA, which will better allow the federal and provincial governments to work together to oversee certain pension […]
The Compassionate Care Benefit is designed to provide temporary support to eligible individuals who must be away from work to care for a gravely ill family member at risk of death. Effective January 3, 2016, changes to the Employment Insurance (EI) Compassionate Care benefit program came into effect. Prior to January 3, 2016 a claimant […]
EI Premium Reduction Service Canada allows employers who provide their employees with a short-term disability plan (and if it meets certain requirements), a reduction in their Employment Insurance (EI) premiums from the standard rate of 1.4 times an employee’s EI premiums. Evidence of the employer’s commitment to provide a short-terms disability plan is required, typically in […]
Election Day is on Monday, October 19, 2015. This is a Federal Election By law, everyone who is eligible to vote must have three consecutive hours to cast their vote on Election Day. If your employee’s hours of work do not allow for three consecutive hours to vote, you as an employer must give them […]
To help people save for retirement the BC government approved the new Pension Benefit Standards Regulation Act (PBSR) this past May. Pensions are required to be administered in accordance with the Act by Sept 30, 2015 and to be filed before Jan 1, 2016. The purpose of these changes was to harmonize pension standards legislation […]
On September 11, 2014 Ottawa announced that they will be cutting Employment Insurance Premiums for small businesses for the next two years. Over the next few years of doing so, they will be saving employers more that $500 million dollars. The Small Business Job Credit will reduce EI premiums to $1.60 for every $100 earned […]
1. New Compassionate Care Leave in Alberta Since February 1, 2014, Albertans can take up to eight weeks of unpaid job-protected leave from work to care for gravely ill family members, and return to the same or similar position. How it Works: Employees must have worked at least 52 weeks for their employer Employees […]
The growing shift away from defined pension plans is reinforcing the need for Canadian to more actively plan for their retirement, financial experts say. For decades, most workers relied on a promise of how much they would receive in retirement from their company pensions, but that pension certainty is fading as many companies faced with […]
Alberta’s 2013 budget included a surprise announcement regarding a plan to introduce a new pharma-care model for the province by January 2014. New Alberta PharmaCare Model The new model will be based on the approach in B.C. and will likely include the following key design elements: income-based deductible and some form of co-pay; province is […]
The Pooled Registered Pension Plan (aka PRPP) was getting closer to coming to fruition in British Columbia as per the February 28, 2013 announcement (see article below). However, on March 14, 2013, Bill 16 (the B.C. Pooled Registered Pension Plans Act) died on the order paper leaving a newly elected B.C. government to reintroduce another PRPP Act after the upcoming May […]
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