Human Resources 101

Phased RetirementThe Income Tax Regulations currently prohibit phased retirement arrangements by preventing employees from accruing pension benefits under a defined benefit registered pension plan if they receive a pension from the plan of the same or a related employer.
The Budget proposes to permit an employer to simultaneously pay a partial pension to an employee and […]

The head of Home Depot Inc. left the home improvement chain on Wednesday in a mutual agreement, taking with him a severance package worth about $210 million US.
The surprise departure of Bob Nardelli from the role of chief executive officer after six years came amid investor unhappiness over Home Depot’s share price performance. Nardelli also […]

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The Financial Hardship Application Form and the Instructions and Policies has been amended to reflect legislative changes effective August 10, 2006, and to provide additional clarification related to the program requirements - December 11, 2006.
Policy Bulletin #2 is updated to indicate that Trust documents submitted for filing with the Superintendent must be […]

Federal and provincial Ministers of Finance, as joint stewards of the Canada Pension Plan (CPP), today announced the conclusion of their triennial financial review of the CPP.
The review confirms that the CPP is on sound financial footing. “Our analysis suggests that the 9.9 per cent contribution rate will be sufficient to sustain the Plan into […]

Did you know?
……that you can access your Canada Pension information on-line?
By visiting the Government of Canada’s website you are able to request a statement of your CPP contributions which will show both your annual contributions as well as your estimated CPP income at age 65.
Simply access the site, enter “Statement of Contributions” in the search box. […]