Dallas, TX (PRWEB) June 20, 2014
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.
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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.
This report provides a detailed analysis of employee benefits in Canada:
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