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Research and Markets: Employee Benefits in Canada 2014

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/w87h5x/employee_benefits) has announced the addition of the "Employee Benefits in Canada" report to their offering.

The Canadian social security system covers various programs, many of which are run by the provinces and territories. In general, benefits are similar across all provinces and territories; however, Qu├ębec implements its own pension plan. The government provides financial support to provincial and territorial governments through four main transfer programs - the Canada Health Transfer (CHT), the Canada Social Transfer (CST), and Equalization and Territorial Formula Financing (TFF) - to help them provide social programs and services to citizens. Federal support to provinces and territories increased from CAD41.91 billion (US$40.55 billion) in 2005-2006 to CAD62.3 billion (US$60.29 billion) in 2013-2014. Private employee benefits are gaining popularity, and many companies offer private benefit plans for employees to supplement the government-sponsored hospital and medical plans.

Scope

  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits , death-in-service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Canada

Key Highlights

  • The Canadian social security system covers various programs, many of which are run by the provinces and territories
  • The Employment and Social Development Canada (ESDC) oversees the Canadian social security system
  • Employment Standards Legislation sets minimum terms and conditions of employment, and both employers and employees must strictly adhere to them
  • Private employee benefits in Canada are not uniform, as every province or territory has individual legislation
  • In Canada, increasing life expectancy is forcing many companies to offer a lump-sum amounts rather than monthly pensions, to keep benefit costs under control

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Country Statistics

4 Overview of Employee Benefits in Canada

5 Regulations

6 State and Compulsory Benefits

7 Private Benefits

8 Macroeconomic Indicators

9 Appendix

For more information visit http://www.researchandmarkets.com/research/w87h5x/employee_benefits

Research and Markets
Laura Wood, Senior Manager
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Source: Research and Markets