2023 Federal Budget: Selected Pensions, Benefits and Executive Compensation Measures
On March 28, 2023, the federal government tabled its 2023 budget (2023 Budget), which included a number of provisions related to pensions, benefits and executive compensation, as summarized below. Here is an overview […]
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Termination Provisions (Again): Court Decides New Avenue For Rendering Termination Clauses Unenforceable
Confidentiality and conflict-of-interest clauses can render employment agreement termination clauses unenforceable. In a recent decision, the Ontario Superior Court of Justice found that the confidentiality and conflict-of-interest clauses of an employment agreement […]
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Things To Consider When Retiring From A Business You Own
For years, you've worked hard by putting in long hours and building up your business. You've felt a sense of satisfaction, knowing that your hard work has led to your […]
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Offer Your Employees Twice The Retirement Income
The competition for top talent is fierce. Give yourself a hiring advantage by offering a pension plan that pays employees more money in retirement. THE NUMBERS DON'T LIE Research has shown that […]
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FSRA Proposes Interpretation Level Guidance On Pension Benefits Guarantee Fund Assessment Calculations And Deadlines
On February 14, 2022, the Financial Services Regulatory Authority of Ontario (FSRA) proposed guidance on: the acceptable valuation dates for actuarial valuation reports used to calculate a Pension Benefits Guarantee […]
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Is Asking an Older Employee About Retirement Discrimination? – Ask The Expert
It depends on how you ask and what you do after the employee responds. QUESTION One of our senior employees is approaching the age where people typically at least start thinking about […]
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Asking Senior Employee about His Retirement Plans Isn’t Age Discrimination
When his manager asked him when he was going to retire, a 65-year-old sales rep replied that he didn’t know. Three weeks later, the manager repeated the question and told […]
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Employee Resignation Procedure
Resignation procedures can prevent surprises, employment standards violations and constructive dismissal. Establishing procedures for voluntary resignation can minimize surprises and the disruption of resignations, ensure compliance with employment standards violations and […]
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Temporary Layoff Rules Across Canada – Know The Laws Of Your Province
Temporary business slowdowns and short-term financial challenges may force you to let go of employees you really want to keep. Layoffs are also expensive because you have to shell out […]
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