On March 28, 2023, the federal government tabled its 2023 budget, “A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future.” The Budget covers a wide array of initiatives. While health and dental care, efforts to make life more affordable, and investments in green energy are key areas of focus, the Budget includes several proposals…
Tag: Federal Budget
Amendments to the Canada Labour Code Tabled in Budget Bill
On April 30, 2021, the federal government tabled Bill C-30, the Budget Implementation Act, 2021, No. 1 (Bill C-30). If passed, Bill C-30 would give effect to certain initiatives proposed in the government’s Spring Budget, discussed in our FTR Now dated April 23, 2021 “Key Highlights of Federal Budget 2021.” In this Federal Post, we…
Federal Budget 2021 Tabled
On April 19, 2021, the federal government tabled its Budget 2021, “A Recovery Plan for Jobs, Growth and Resilience”. We are currently reviewing the Budget and an FTR Now detailing initiatives of interest to employers, human resources professionals and pension plan administrators will be available in the coming days.
ACPM Ontario Council: Decumulate or Bust?
Overview Employees are working and living longer than ever before. Decumulation affects both Defined Benefit and Defined Contribution plan members, with both fixed life income products and flexible decumulation products having their advantages and disadvantages. Retirement age and the options for decumulation affect employee behaviour and ultimately the workplace. Our panel will discuss the recent…
Federal Budget 2019 – Something for (Almost) Everyone?
On March 19, 2019, the federal government tabled its 2019 Budget, “Investing in the Middle Class.” This is an election year, and there is a wide array of initiatives sprinkled throughout the Budget, covering many groups and sectors. There is something for (almost) everyone. In this FTR Now, we focus on the key employment, labour, executive compensation, pension and employee benefits announcements of most interest to employers, human resources professionals, plan sponsors and administrators.
Early Effective Date Announced for New Federal Parental Sharing Benefit
The government has announced that the new federal Parental Sharing Benefit will launch on March 17, 2019. As we previously reported, the 2018 federal Budget (Budget) proposed to establish an additional Parental Sharing Benefit with the goal of encouraging parents to share Employment Insurance (EI) benefits. The intended goal of this reform was to allow…
2018 Federal Budget Bill Passes
On June 21, 2018, Bill C-74, the Budget Implementation Act, 2018, No. 1, received Royal Assent. Bill C-74 is omnibus legislation enacting some of the measures outlined in the 2018 Federal Budget. Among other things, it includes amendments to the following: Employment Insurance Act, to permanently implement the Working While on Claim pilot project; Canada…
FTR Now on Federal Budget 2018 Mentioned in Benefits and Pensions Monitor
An FTR Now written by Hicks Morley’s Natasha Monkman was mentioned in the March 5, 2018 Benefits and Pensions Monitor Daily News Alert. The alert summarizes the FTR Now titled “Federal Budget 2018“, which discusses the Budget key initiatives…
Federal Budget 2018
On February 27, 2018 the federal government tabled its 2018 Budget, Equality & Growth: A Strong Middle Class (Budget). The Budget contains several key initiatives, including a new Employment Insurance parental sharing benefit, the permanent extension and expansion of the Employment Insurance Working While on Claim pilot project…
2018 Federal Budget Tabled
On February 27, 2018, the federal government tabled its Budget 2018, Equality + Growth: A Strong Middle Class. We are currently reviewing the Budget and an FTR Now which highlights initiatives of particular interest to employers, human resource professionals and pension plan administrators will be available shortly on our website. (Editor’s Note: Our FTR Now,…