Category Archives: Group Retirement Planning

Group Retirement Savings related measures

Pension Benefits Standards Act Budget 2016 proposes changes to the agreement powers of the Pension Benefits Standards Act (PBSA). The Government proposes to broaden the scope of its ability to enter into bilateral agreements with provinces under the PBSA, which … Continue reading

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Federal CPP and EI maximums effective January 1, 2016

2014 2015 2016 Employment Insurance Maximum weekly benefit 514.00 523.56 537.30 Maximum annual employee contribution 913.68 930.60 955.04 Maximum insurable earnings 48,600.00 49,500.00 50,800.00 Canada Pension Plan Maximum employee contribution to plan 2,425.50 2,479.95 2,544.30 Registered Retirement Savings Plan* 24,270.00 … Continue reading

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New BC Pension Legislation & Regulatory Framework

To help people save for retirement the BC government approved the new Pension Benefit Standards Regulation Act (PBSR) this past May. Pensions are required to be administered in accordance with the Act by Sept 30, 2015 and to be filed … Continue reading

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Company Pension shift reinforces need to plan for retirement

The growing shift away from  defined pension plans is reinforcing the need for Canadian to more actively plan for their  retirement, financial experts say.  For decades, most workers relied on a promise of how much they would receive in retirement … Continue reading

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Reminder: 2013 RRSP contribution reporting deadline

Monday, March 3, 2014, is the deadline for plan sponsors to submit their plan’s RRSP contributions for the 2013 tax year. You can contact your Group RRSP provider and/or our office for more information on deadline procedures to make sure … Continue reading

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New CRA Annual Maximums for 2014

Effective January 1, 2014, the Canada Revenue Agency changed the maximums as follows: 2012  2013  2014  Employment Insurance   Maximum weekly benefit          485.00          501.00          514.00 Maximum annual employee contribution          839.97          891.12          913.68 Maximum annual … Continue reading

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Today’s Benefits/Pension Education Session – Great Turnout!

The ENCOMPASS Team was pleased to see so many Okanagan organization’s attend today’s Breakfast Education Session. The speakers and topics were very informative. Topics included: Drugs – Are you ready for this freight train of change? – Presented by Harold Gutovich, … Continue reading

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Kelowna Benefits/Pension Breakfast Education Session – May 23, 2013

ENCOMPASS Benefits is pleased to announce our next Breakfast Education Session in Kelowna. DATE:  Thursday, May 23, 2013 TIME:  7:30-9:15am LOCATION:  Ramada Hotel, 2170 Harvcey Avenue, Kelowna, BC Agenda Drugs – Are you ready for this freight train of change? – … Continue reading

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Are you Working with the Right Benefits Broker?

Employee group benefits are a significant part of an employee’s total compensation – it’s only wise to fully understand what you are investing in. This is where an independent, professional benefits broker and consultant helps. A good benefits broker will help … Continue reading

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PRPP Introduced in B.C. but then Stalled

The Pooled Registered Pension Plan (aka PRPP) was getting closer to coming to fruition in British Columbia as per the February 28, 2013 announcement (see article below). However, on March 14, 2013, Bill 16 (the B.C. Pooled Registered Pension Plans Act) died on … Continue reading

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