Canada set to implement new employee benefit reforms and more in 2024

These include dental care, CPP hikes, and pay equity reforms

Canada set to implement new employee benefit reforms and more in 2024

Several new laws and rules are set to come into effect in Canada in 2024, as reported by CTV News.

These measures, ranging from a dental care plan to enhancements in employee benefits, aim to address public safety, health, and human rights concerns.

  • Canadian Dental Care Plan Rollout: Beginning May 2024, this federal program aims to reduce financial barriers to dental care for the country’s eldest low-income, uninsured residents, covering services like cleaning, exams, and root canals. Eligible individuals will receive instructions for application via mail.
  • CPP Contribution Increase: Both employers and employees will contribute $3,867 to the Canada Pension Plan in 2024 due to increased maximum pensionable earnings. This is a $113 rise from the previous year. A second CPP contribution level will also apply to incomes between $68,500 and $73,200.
  • Pay Equity Plan Requirement: Federally regulated employers with 10 or more employees must publish their pay equity plan by September 3, 2024. The plan, based on the Pay Equity Act and Regulations, necessitates equal pay for work of equal value across gender-dominated job classes.
  • Expansion of Workers’ Compensation in Nova Scotia: Starting September 1, 2024, compensation coverage will extend to employees suffering from long-term work-related stress. Claims for gradual onset stress will be adjudicated by the Workers' Compensation Board of Nova Scotia.
  • Health Benefits Policy Enhancement in Northwest Territories: Effective April 1, 2024, this policy aims to make healthcare more equitable, focusing on vital drug therapies and preventive services for low-income residents. It includes an income assessment for eligibility and removes the requirement for a specified disease condition to access benefits.

Canada will implement these legislative changes aimed at addressing aspects of employee welfare and rights, potentially impacting the working environment and support systems for citizens.