Should Canadian employers consider offering emergency savings plans?

Benefits Canada: With Canadian employees feeling the toll the coronavirus pandemic is taking on the economy, should policy-makers facilitate the use of workplace emergency savings plans?

 

“We know from data that 28 per cent of Canadian households who are financially impacted by COVID in August were drawing down on their [tax-free savings accounts] and [registered retirement savings plans] just to make ends meet,” said Elizabeth Mulholland, chief executive officer of Prosper Canada, during a webinar hosted by the Healthcare of Ontario Pension Plan and Common Wealth on Tuesday.

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