Employee Benefits in Canada

NEW YORK, July 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Employee Benefits in Canada

http://www.reportlinker.com/p02183367/Employee-Benefits-in-Canada.html

Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in Canada, including:

• An overview of state and compulsory benefits in Canada
• Detailed information about private benefits in Canada
• Insights into the various central institutions responsible for the administration of the different branches of social security
• The regulatory framework and recent regulations relating to Canadian employee benefits

Summary

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, Québec 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

This report provides a detailed analysis of employee benefits in Canada:

• 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

Reasons To Buy

• Make strategic decisions using in-depth information related to Canadian employee benefits
• Assess the Canadian employee benefits market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in Canada
• Gain insights into key regulations governing Canadian employee benefits, and their impact on companies

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

Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in Canada
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of retirement plans
6.1.3 Eligibility
6.1.4 Age
6.1.5 Benefits
6.1.6 Payment options
6.1.7 Typical employer practice
6.1.8 Employee and employer contributions
6.1.9 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contributions
6.2.7 Taxation
6.3 Long-term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Typical employer practice
6.3.6 Employee and employer contributions
6.3.7 Taxation
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Typical employer practice
6.4.6 Employee and employer contributions
6.4.7 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contributions
6.5.7 Taxation
6.6 Workmen's Compensation
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Employee and employer contributions
6.6.6 Taxation
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Employee and employer contributions
6.7.6 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Payment options
6.8.5 Employee and employer contributions
6.8.6 Taxation
6.9 Unemployment
6.9.1 Introduction
6.9.2 Eligibility
6.9.3 Benefits
6.9.4 Payment options
6.9.5 Employee and employer contributions
6.9.6 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Disability Benefits
7.3 Death Benefits
7.4 Sickness Benefits
7.5 Medical and Health Benefits
7.6 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US dollars)
8.1.2 GDP per capita at constant prices (US dollars)
8.1.3 GDP at current prices (US dollars)
8.1.4 GDP per capita at current prices (US dollars)
8.1.5 GDP by key sector
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-CAD
8.1.8 Labor force
8.1.9 Unemployment rate
8.1.10 Total Population
8.1.11 Urban and rural populations
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables

Table 1: Definitions
Table 2: Canada - Country Statistics
Table 3: Canadian State and Compulsory Benefits - OAS Pensions and Benefits, April -June 2014
Table 4: Canadian State and Compulsory Benefits - CPP Pensions and Benefits, January-December 2014
Table 5: Canadian State and Compulsory Benefits - CPP Survivor Benefits
Table 6: Monthly Rates of Contributions to Provincial Health Insurance Premiums in British Columbia
Table 7: Canadian State and Compulsory Benefits - Workmen's Compensation Benefits, 2013
Table 8: Canadian State and Compulsory Benefits - QPIP Benefits, 2013
Table 9: Canadian State and Compulsory Benefits - Family Benefits for 2013 and 2014
Table 10: Canadian State and Compulsory Benefits - Hours of Insurable Employment Required to Qualify

List of Figures

Figure 1: Canadian GDP at Constant Prices, (US$ Billion), 2008-2012
Figure 2: Canadian GDP Per Capita at Constant Prices, (US$), 2008-2012
Figure 3: Canadian GDP at Current Prices, (US$ Billion), 2008-2012
Figure 4: Canadian GDP Per Capita at Current Prices, (US$), 2008-2012
Figure 5: Canadian GDP by Key Segments, (%), 2008-2012
Figure 6: Canadian Inflation Rate, (%), 2008-2012
Figure 7: Canadian Annual Average Exchange Rate US$-CAD, 2008-2012
Figure 8: Canadian Size of Labor Force, (Million), 2008-2012
Figure 9: Canadian Unemployment Rate, (%), 2008-2012
Figure 10: Canadian Total Population, (Million), 2008-2012
Figure 11: Canadian Urban and Rural Populations, (%), 2008-2012

To order this report: Employee Benefits in Canada
http://www.reportlinker.com/p02183367/Employee-Benefits-in-Canada.html

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker