The C$31 billion increase in net assets in 2022 was the result of C$23 billion in net transfers from the Canada Pension Plan and C$8 billion in net income. The larger-than-normal net cash flow was attributed to higher employment rates, an increased limit to 2022’s maximum pensionable e...
Operating expenses of$5.658 billionincreased$562 millionor 11%. The increase was largely due to a$490 millionone-time charge in Q4 2024 for pension plan amendments linked to the new collective agreement with theAir Line Pilots Association(ALPA). Higher labour and maintenance costs also con...
Operating expenses of$5.658 billionincreased$562 millionor 11%. The increase was largely due to a$490 millionone-time charge in Q4 2024 for pension plan amendments linked to the new collective agreement with the Air Line Pilots Association (ALPA). Higher labour and maintenance costs...
Canadian Tax Change Highlights for 2023 Feb. 1, 2024 Making payments to CRA, Advanced Canada Workers Benefit, Climate Action Incentive Payment rural supplement increase, increased deduction for eligible tools, COVID-19 benefit repayments, First Home Savings Account, Multigenerational Home Renovation Tax...
(15%) and Prince Edward Island (15%). The HST is federally administered and applies in the HST provinces with the same basic operating rules as the GST, with certain exceptions. Each of the participating provinces has the ability to decrease or increase the provincial component of the ...
19 Some Canadian industries have also addressed similar challenges by creating federally anchored solutions, including the Canadian Pension Plan Investment Board; public-sector organizations such as the Transportation Safety Board of Canada; and private-sector solutions such as Interac and the insur...
Employees in Canada are subject to eligibility requirements for the country’s old-age retirement pension, the Canada Pension Plan (CPP). The CPP is a monthly benefit that retirees receive for the rest of their life. Qualifying conditions for the CPP include the following: Being at least 60 ...
The Old Age Security (OAS) pension is a taxable monthly benefit available to most Canadians 65 years or over who meet the eligibility requirements. Much like the Canada Pension Plan (CPP), it’s designed to help bolster senior Canadians’ retirement income. However, you don’t have to pay ...
The CPP or Canada Pension Plan is one of three levels of the retirement income system responsible for paying retirement or disability benefits.
including a mid-year 3% salary increase for certain employees2, enhancements to our defined contribution pension plan and a greater level of family planning benefits for employees in Canada, and more support for career development as well as flexible work arrangements for all employees globally Govern...