Update: Pension and benefit accounting to private enterprises

Feb 6, 2012

In 2011, the Accounting Standards Board (AcSB) indicated that it was reviewing the pension and benefit accounting standards for private enterprises, as well as those for not-for-profit-organizations.

Newfoundland and Labrador extends solvency funding relief

Feb 6, 2012

Newfoundland and Labrador has amended the Solvency Funding Relief Regulations effective December 20, 2011.

Benefitting fully from the medical expense tax credit

Feb 6, 2012

Many taxpayers do not fully benefit from the tax credit for medical expenses to which they are entitled.

Manitoba regulations: solvency funding relief and more

Jan 18, 2012

Manitoba has amended its pension regulations to provide for additional solvency funding relief, the use of letters of credit to cover solvency funding obligations, and increased fines for plan administrators.

Amendments to the Quebec pharmacy act

Jan 18, 2012

The Quebec National Assembly adopted Bill 41 amending the Pharmacy Act.

Pooled registered pension plans: amendments to the income tax act proposed

Jan 18, 2012

The federal government released for consultation their proposed amendments to the Income Tax Act that would accommodate Pooled Registered Pension Plans (PRPPs).

Proposed amendment to the Ontario employment standards act: family caregiver leave

Jan 18, 2012

The Ontario government has introduced a new Family Caregiver Leave, which will expand an employee’s entitlement to a leave to care for an ill or injured family member.

Temporary relief measures for pension plans in Quebec

Jan 18, 2012

Quebec published two draft regulations proposing relief measures for the funding of actuarial deficiencies for defined benefit plans.

Update! - CAPSA finalizes guidelines on prudent investment practices and funding policies

Jan 18, 2012

CAPSA released the final versions of Guideline No. 6: Pension Plan Prudent Investment Practices Guideline and the Self-Assessment Questionnaire on Prudent Investment Practices as well as Guideline No. 7: Pension Plan Funding Policy Guideline.

Financial statements for Quebec pension plans: RRQ allows special purpose financial statements

Jan 18, 2012

The Régie des rentes du Québec issued a press release in which it announced that pension plan administrators in Quebec will now have two options for producing plan financial statements after December 30, 2011.