Provincial Budgets 2017: Revised BC Budget

Provincial Budgets 2017: Revised BC Budget

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On September 11, 2017, British Columbia’s new Finance Minister Carole James presented a revised budget. Budget 2017 Update (the “Budget”) remains a balanced budget while including new programs and additional spending focused on education, social assistance, the opioid crisis, and housing affordability.  The revised Budget also includes changes to the previously announced MSP premium reduction and elimination plan.  This memo highlights a number of items that may be of interest to plan administrators, employers, and members.

Please click on the following link to download the article in PDF format:

Notes on the 2017 Revised BC Budget

2017 Federal Budget Highlights

2017 Federal Budget Highlights

Federal Government

On March 22, 2017, Minister of Finance Bill Morneau presented the 2017 Canada Federal Budget titled Building a Strong Middle Class.  The second budget from the Liberal federal government focuses on working middle-class families with children with changes to federal government benefits and tax credits.

Budget 2017 provides additional details about investments promised in the previous budget and includes additional investments in infrastructure, housing, skills training, improving the socio-economic conditions of Canada’s Indigenous peoples, mental health, home care, child care, and changes to tax credits.

Please click on the following link to download the article in PDF format:

Federal Budget 2017

Notes on the British Columbia and Alberta Provincial Budgets

Notes on the British Columbia and Alberta Provincial Budgets

Western Canada Provincial Budgets

On Tuesday, February 21, 2017, Finance Minister Michael De Jong delivered British Columbia’s fifth consecutive balanced budget.  On Thursday, March 16th, Alberta Finance Minister Joe Ceci delivered the 2017 Provincial Budget, which contains a number of provisions aimed at providing relief for Albertans despite a projected $10.3 billion deficit.   Both budgets highlighted a number of initiatives aimed at providing support to provincial residents in the form of improved health care funding and tax credits designed to aid small and medium businesses, employment, and economic recovery.  This memo presents some of the main features of these budgets that may be of interest to employers, plan sponsors, and employees.

Download the PDF of the publication here:

Notes on the British Columbia and Alberta Provincial Budgets

BC Budget 2017: MSP Changes & Implications

BC Budget 2017: MSP Changes & Implications

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On Tuesday, February 21, 2017, Finance Minister Michael De Jong delivered British Columbia’s fifth consecutive balanced budget.  One of the key items of this pre-election budget was the announcement of reductions to Medical Services Plan (MSP) premiums.

The Budget promises that MSP premiums will be cut in half for British Columbians with annual family net incomes of up to $120,000 beginning January 1, 2018.  The reduction was presented as the first step in a plan towards eliminating the MSP premiums entirely.  The Budget also proposes raising the income threshold below which households are exempt from MSP premiums by $2,000.  Individuals with an annual net income up to $26,000 and couples with two children and an annual net income up to $35,000 will be exempt from MSP premiums.

In order to benefit from this reduction, individuals will be required to register with MSP and apply for the reduction.

Download the PDF of the publication here:

2017 BC Budget’s MSP Changes & Implications

 

Summary of Avinash Maniram’s Presentation on Coping with Sedentary Lifestyles Published on the IFEBP’s Blog

Summary of Avinash Maniram’s Presentation on Coping with Sedentary Lifestyles Published on the IFEBP’s Blog

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Avinash Maniram, Group Benefits Consultant at PBI,  presented “Is Sitting the New Smoking? Coping With Sedentary Lifestyles” at the 2016 Canadian Health and Wellness Innovations Conference. A summary of his presentation was published on the blog of the International Foundation of Employee Benefits Plans (IFEBP).

Please click on the following link to view the article as published in WORD on benefits:

Seven Ways to Combat Sitting at Work

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