Comparing the costs of a retirement plan to employee turnover
With employers under pressure to stay on budget and reduce expenses, it may seem counterintuitive to consider adding a group retirement plan …
Workplace Plans
The most impactful cost to cut in 2023: Employee turnover
By now, most experts agree that Canada is headed for an economic cooldown in 2023, but it’s likely to be short-lived – and it probably won’t take the heat off the ongoing talent shortage. When times get lean, businesses depend on a skilled and engaged workforce to help them stay resilient. But, as new reports …
The most impactful cost to cut in 2023: Employee turnover Read More »
Pay raise or retirement plan: how to retain staff without breaking the budget
A modest salary increase doesn’t always result in a big impact to take-home pay and may have little impact on retention. A workplace retirement plan can boost compensation and inspire employees to stay. Are your salary conversations with employees feeling a bit… extra this year? As 2022 winds down, both Canadian employers and employees are …
Pay raise or retirement plan: how to retain staff without breaking the budget Read More »
Recruit, retain & reward staff with retirement benefits
The hybrid workplace has removed geographic boundaries and expanded the talent pool exponentially. To successfully recruit candidates and retain skilled workers…
Year-end tax reporting deadlines for 2022
To help make sure that all of your 2022 payroll contributions are counted for this tax year, and your employees get the tax documents they need…
Setting up a 401(k) equivalent in Canada
A guide to Canadian group retirement plans Canadian employer-sponsored retirement plans work in similar ways to plans in the US, but there are some key differences to be aware of. In general, Canada’s retirement savings system is easier to navigate than in the US, with less regulatory burden thanks to a single set of …
How to update your Common Wealth plan when employees leave
When employees move on from your organization, whether it’s to a new role or into retirement, you want the transition to be as smooth as possible.
Common Wealth integrates with QuickBooks
We’re excited to announce that Common Wealth retirement plans now integrate with QuickBooks Online Payroll to automate all plan administration!
DPSPs are now available in Common Wealth retirement plans
You’re the owner of a for-profit business, and you’re considering a new group retirement benefits plan, or making changes to your current plan. But what’s the best way to set it up for the greatest benefit to your business? To help employers save on taxes and boost employee retention, Common Wealth now supports DPSPs. …
DPSPs are now available in Common Wealth retirement plans Read More »
Myth vs Fact: Workplace Financial Wellness
The need for workplace financial wellness Work culture has changed. Hybrid work-from-home models and greater financial stress have created an unsettled workforce and a competitive labour market. This has many employers looking for workplace financial wellness programs that will help attract and retain top talent. A new HOOPP commissioned report by Common Wealth shows that …
