The Morneau Shepell Handbook of Canadian Pension and Benefit Plans, which was honoured as a Globe & Mail 2012 Business Book Bestseller, has now been published in its 15th Edition.
Nine provinces and all three territories announced in January 2013 that they will work together in a volume purchasing arrangement to acquire the six most prevalent generic drugs, thereby driving down costs and generating savings.
In January 2012, the Canadian Accounting Standards Board (AcSB) issued an Exposure Draft, which proposed changes to the accounting for defined benefit plans for private enterprises and (private) not-for-profit organizations (NFPO).
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The British Columbia government has announced that new generic drug pricing regulations will come into effect on April 1, 2013.
On December 11, 2012, the New Brunswick government announced further proposed amendments to the Pension Benefits Act (“PBA”) via the introduction of Bill 20.
This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.
The Nova Scotia Department of Labour and Advanced Education released Draft Regulations on December 7, 2012 which, if approved, will introduce new pension rules in Nova Scotia.
Every year, companies must establish an expense for their defined benefit pension plans.