canada Archives - Word on Benefits

Employment Insurance Benefits: What You Need to Know for 2025

Eli Argueta

07 Jan 202507 Jan 2025

Understanding how government sponsored programs operate is essential to communicating benefits to all employees. Here is what you need to know regarding Employment Insurance benefits in 2025. The Employment Insurance (EI) program provides temporary income support to unemployed workers while they look […]

Canada Compliance Employee Benefits Health Care Legislative Regulatory

Cross-Country Benefits Update

Eli Argueta

24 Jul 202424 Jul 2024

The 2024 Canadian Legal and Legislative Update kicked off with a comprehensive cross-country benefits update delivered by Kiersten Amos, counsel at McInnes Cooper, and Michael Wolpert, partner at Fasken Martineau DuMoulin. These updates covered a range of legislation affecting benefit plans across […]

Canada Compliance Employee Benefits Legislative Regulatory

Cross-Country Pensions Update

Eli Argueta

15 Jul 202415 Jul 2024

Here is a quick overview of legislative and regulatory updates including Income Tax Act, Office of the Superintendent of Financial Institutions (OSFI) and province-specific updates presented at the 2024 Canadian Legal and Legislative Update in Halifax, Nova Scotia. Income Tax Act (ITA) […]

Canada Employee Benefits Pensions

Target Benefit Plans: An Update on Where They Stand

Amanda Wilke, CEBS

14 Dec 2023

Although target benefit pension plans have been in a state of unknown for a while, they are now closer to having a permanent funding model with several new proposals currently under consideration. In 2015, the Office of the Superintendent of Financial Institutions […]

Canada Employee Benefits Flexible Work Options U.S.

Remote Work and Global Mobility: Top Four Employer Considerations

Amanda Wilke, CEBS

25 Aug 202325 Aug 2023

Employers today are dealing with labor and retention challenges like never before, including an increasing demand for flexible work from employees. In response, some employers have opted to create remote work arrangements allowing employees to reside and work from a country separate […]

Canada Employee Benefits

Cross-Country Benefits Check-Up

Eli Argueta

25 Jul 202325 Jul 2023

Over the last few months, the Government of Canada has made some significant changes impacting benefits and employee life and health trust (ELHT) plans. It is important for labour and management trustees, public service trustees, professional advisors and corporate plan sponsors to […]

Canada Employee Benefits Webcast

What Plan Sponsors Should Know About Cancer in the Workplace

Jenny Gartman, CEBS

20 Jul 202325 Jul 2023

Over 1.5 million Canadians are living with and beyond cancer up to 25 years after a cancer diagnosis, per the Canadian Cancer Society. Working-age Canadians account for more than one-third of all new cancer cases in men and more than 40% of […]

Canada Defined Benefit (DB) Plans Employee Benefits Financial Education Financial Education (Canada) Financial Wellness

Decumulation Challenges and Solutions for Plan Members: Three Takeaways

Amanda Wilke, CEBS

29 Jun 202329 Jun 2023

Decumulation, the concept of income for life, can be considered “the nastiest, hardest problem in finance,” according to William Sharpe, a Nobel prize winner in Economics. The concept is challenging because the uncertainty of someone’s lifespan makes it difficult to know what […]

Canada Employee Benefits Financial Education Financial Wellness Pensions

Protecting Pensions and ESG Risks

Tim Hennessy

04 Aug 202204 Aug 2022

As the global impact of climate change grows, environmental, social and governance (ESG) factors have become a core consideration for pension funds. ESG issues and concerns can no longer be relegated to debates among pension fiduciaries about values investing or investment returns […]

Canada Communication Coronavirus (COVID-19) Employee Benefits Health Care HIPAA Insurance

The Perfect Storm Facing Canada’s Rapidly Aging Population: An Interview with Bonnie-Jeanne MacDonald, Ph.D.

Tim Hennessy

09 Jun 202209 Jun 2022

In an interview in the March/April issue of Plans & Trusts, actuary Bonnie-Jeanne MacDonald, Ph.D., FCIA, FSA, called for new policies and practices to address the multiple challenges and opportunities facing Canada’s long-term care model. MacDonald, the director of financial security research […]