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...
While a number of factors have contributed to this rise -- from the growing cost of specialty drugs to the increase in use of medications to treat chronic diseases such as mental health, diabetes and other metabolic disorders -- plan sponsors can also lean on a number of cost-containment str...
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 ...
Every year, employees pay into EI until they hit the income threshold —known as Maximum Insurable Earnings (MIE). But in 2024, that number is also rising. It will increase from $61,500 to $63,200 in 2023. This means the maximum annual EI contribution for an employer goes up by $65.3...
Goodman and Canada Pension Plan Investment Board increase China equity commitment by US$1.25 billion and acquire nine projectsGreg GoodmanJimmy Phua
ASM capacity 6 to 8 % increase versus 2023 Adjusted CASM 2.5 to 4.5 % increase versus 2023 Adjusted EBITDA $3.7 to $4.2 billion Major Assumptions Air Canada made assumptions in preparing its guidance — including moderate Canadian GDP growth for 2024. As part of its assumptions, Air Canad...
(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 ...
SHANGHAI, Nov. 20, 2014 /PRNewswire/ -- Goodman and Canada Pension Plan Investment Board Increase Equity Commitment to Their Joint Venture in China by US$500 million to US$2 billion
These enhancements to the Canada Pension Plan will be fully funded, meaning that benefits will slowly accrue each year as individuals work and make contributions. Additionally, the enhancement of the Canada Pension Plan will be phased over a period of seven years, which began in 2019. When fully...
A crucial step is to urge our Canadian pension funds (our own money) to actively invest in our tech and innovation sectors, which will create tomorrow’s global champions and generate the wealth we aspire to. The truth is that with the notable exceptions of Quebec and Alberta, most larg...