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Pensions and Benefits

Canada Day, statutory (public) holiday

In all provinces and territories, Canada Day is a statutory (public) holiday. This year, July 1 falls on a Monday, a regular working day for most.

 

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Canadian government introduces tax legislation applying to employee stock options granted on or after January 1, 2020

Under the Income Tax Act (Canada), when an employee exercises an employee stock option and acquires shares, the employee realizes a taxable employment benefit equal to the excess of the value of the shares at the time of acquisition over the exercise price paid for the shares.

 

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Celebrating Saint-Jean-Baptiste Day in Quebec

In Quebec, Saint-Jean-Baptiste Day, Fête nationale du Québec et de la Francophonie canadienne, is a statutory (public) holiday on June 24 each year. This year, June 24 falls on a Monday.

 

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Celebrating National Indigenous Peoples Day

Friday, June 21 is the longest day of the year and marks the changing of seasons. It is also a very important day for Indigenous Peoples (First Nations, Métis, Inuit). In 1982, this day was chosen to celebrate the land and the Indigenous Peoples and their cultures. It is also a public (statutory) holiday in the Northwest Territories and the Yukon.

 

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Three popular articles this week on HRinfodesk

The three popular articles this week on HRinfodesk deal with a Quebec Superior Court decision regarding annual salaries, the CRA improvements for small and medium sized businesses and the Saskatchewan minimum wage increase in October.

 

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Happy Tax Freedom Day!

Tax Freedom Day 2017

Happy tax freedom day (June 14) from the Fraser Institute. “Because governments impose a litany of taxes—some visible, some hidden—it’s very difficult for Canadians to get a clear sense of all the taxes they pay.

 

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Three popular articles this week on HRinfodesk

The three popular articles this week on HRinfodesk deal with a new employment standards online tool in Ontario, distressed employees and benefits during the notice period.

 

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Ontario amends pension legislation to address electronic beneficiary designations

While legislation existing prior to the introduction of section 30.1.1 (namely, the SLRA and Electronic Commerce Act (Ontario) (ECA)) may be reasonably interpreted to already permit electronic beneficiary designations in pension and certain other contexts, it did not contain an express provision addressing the point.

 

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Victoria Day, public (statutory) holiday in Canada

In Canada, Monday, May 20, 2019, is recognized as a public (statutory) holiday known as Victoria Day, except in the Atlantic provinces (New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island). In Quebec, the public holiday is referred to as National Patriots’ Day (Journée nationale des patriotes).

 

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Avoiding pitfalls in long-term disability claims

Employers often provide their employees with access to long-term disability benefits through a group benefit plan. Group benefits are an attractive incentive for employees but can result in increased risk for the employer.

 

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Three popular articles this week on HRinfodesk

The three popular articles this week on HRinfodesk deal with proposed OHIP changes for travel benefits, rising health benefit costs and expanding statutory leaves in Saskatchewan.

 

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Three popular articles this week on HRinfodesk

The three popular articles this week on HRinfodesk deal with the Ministry of Labour’s health and safety compliance plan, a new occupational health and safety strategy and the bill to implement the 2019 budget measures in Ontario.

 

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Class action lawsuit against RBC/Aviva

According to an April 23, 2019, CNW press release, an $80-million class action lawsuit has been filed against RBC Insurance and Aviva General Insurance alleging that the company’s practice of calculating vacation and public holiday pay for commissioned salespeople violated the Ontario Employment Standards Act.

 

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Target benefit plans – From New Brunswick to Ontario to the UK

In the most recent provincial budget, the Ontario government has signaled its willingness to expand its proposed target benefit framework outside the unionized environment.

 

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Good Friday, Easter and Passover in 2019

Good Friday and Easter Sunday coincide with the Jewish observance of Passover in 2019.

 

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