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 has amended the Solvency Funding Relief Regulations effective December 20, 2011.
Many taxpayers do not fully benefit from the tax credit for medical expenses to which they are entitled.
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.
The Quebec National Assembly adopted Bill 41 amending the Pharmacy Act.
The federal government released for consultation their proposed amendments to the Income Tax Act that would accommodate Pooled Registered Pension Plans (PRPPs).
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.
Quebec published two draft regulations proposing relief measures for the funding of actuarial deficiencies for defined benefit plans.
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.
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.