The Federal Government has released a consultation paper titled Toward a National Strategy for Financial Literacy, Phase 3: Young Canadians and Adults.
The Ontario Ministry of Finance released, for public comments a proposed amendment to the Regulations under the Ontario Pension Benefits Act (the “PBA”) that would exempt pension plans from the “30% Rule” for investments in local infrastructure.
This estimate of the solvency liabilities reflects the new CIA guidance published in October 2014 for valuations effective September 30, 2014 or later. ...
The Alberta Superintendent of Pensions has issued draft Interpretive Guideline #07, Solvency Reserve Account.
Every year, companies must establish an expense for their defined benefit pension plans.
The City of Regina and the Pension & Benefits Committee, representing the employer and employees of the Civic Pension Plan, have reached a negotiated agreement to address concerns regarding the long term sustainability of the Plan.
Bill 3 was adopted by the Quebec National Assembly on December 4, 2014.
The Actuarial Standards Board released an “initial communication” regarding the promulgation of a new mortality table to be used in the calculation of pension commuted values in Canada.
On November 17, 2014, the Ontario government published the 2014 Ontario Economic Outlook and Fiscal Review (the “Economic Statement”).
Effective January 1, 2015, income tax must be withheld at source for taxable short and long term disability benefit payments to align with new requirements from the Canada Revenue Agency.