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retirement savings

Supreme Court of Canada confirms pension benefits should not be deducted from damages for wrongful dismissal

In the recent decision of IBM Canada Limited v. Waterman 2013 SCC 70 (CanLII), the Supreme Court of Canada confirmed that an employee’s pension benefits should not be deducted from his/her common law entitlement to pay in lieu of notice arising from a wrongful dismissal.

 

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Canadian unretirement

With recent changes to Canada’s old age security pension, Canadians and retirement have been in the spotlight. According to Scotiabank’s annual investment poll, over 30 percent of Canadians plan to retire later, up from 27 percent in 2011. It’s not news that Canadians are retiring later than they did a decade ago, but why?

 

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