Feds unveil job grant in 2013 budget

Flaherty also unveils some welcome news for pension plan sponsors
By Simon Laxon, Paul Timmins and Evan Shapiro
|Canadian HR Reporter|Last Updated: 04/08/2013

On March 21, Finance Minister Jim Flaherty unveiled the federal government’s 2013 budget — and there were a few nuggets HR professionals and employers need to pay attention to in its pages.

The biggest change, from an employment perspective, is the transformation of the current skills and development plan through the introduction of the Canada Job Grant.

And while there are no major proposals with respect to employment benefits or retirement savings arrangements, pension plan sponsors will welcome measures to simplify excise tax administration and allow for the correction of over-contributions.