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After a delay, on Wednesday Federal Finance Minister Bill Morneau unveiled a largely status quo budget as the Liberal government attempts to prepare for policy changes in the U.S. Maternity leave top ups could be impacted Among the announcements that could impact employers were an option for parents to receive EI parental benefits over an… Read More >

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In the face of a public outcry against the Federal Government’s potential proposal of introducing a new tax on employer-sponsored health and dental benefit premiums, On February 1st Prime Minister Justin Trudeau stated that the federal government “will not be raising” the health and dental benefit taxes. His comment was in response to interim Conservative Leader Rona… Read More >

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January 23, 2017

Open letter to Federal Finance Minister Bill Morneau regarding potential tax on employee benefits

In December, the federal government announced that it was considering a new measure that would see the group health premiums you pay on behalf of employees taxable in their hands, like other employment income. This would have a substantial impact on every single one of your covered employees, and affect their ability to keep themselves… Read More >

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In March, Accompass reported that the waiting period for Employment Insurance (EI) claimants to receive benefits would be reduced to one week, down from two weeks, effective January 1, 2017. “The January 1 2017 date applies to new programs only,” said Accompass Associate Vice President Jan Foster. “Organizations who already have a Short Term Disability program… Read More >

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Get the Full Update On November 21, 2016, ISS released updates for its proxy voting guidelines for 2017. The changes will apply to voting recommendations annual meetings occurring on or after February 1, 2017. This summary provides an overview of the key elements of the changes to ISS’ proxy voting guidelines for Canadian companies. The… Read More >

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Organizations with employees that work in Quebec covered by the Act Respecting Labour Standards, who do not have access via payroll to a Registered Retirement Pension (RPP), a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA), are required to offer a retirement savings plan or a VRSP by year end.   What are… Read More >

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The federal government’s plan to expand the Canada Pension Plan received an additional boost with the announcement that after a period of consultation, British Columbia is supportive of the new plans to expand the national retirement plan, originally announced in June. This brings the total number of provinces in support of the expanded CPP to nine.… Read More >

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The potential Canada Post labour disruption may impact group plan sponsors this week, as early as Monday, July 11. Click on the link of your preferred provider below to see their communications regarding the looming postal strike: List last updated 10:20 EST Friday, July 8th, 2016. 1. Desjardins 2. Equitable 3. Great West 4. Green… Read More >

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