Ontario confirms new temporary solvency funding relief

Jul 10, 2017

As promised in the solvency funding reform measures that were announced on May 19, 2017, the Government of Ontario released interim funding relief measures on June 29, 2017.

Ontario announces target benefit framework for collectively bargained multi-employer pension plans

Jul 10, 2017

On June 29, 2017, the government of Ontario announced a target benefit framework for collectively bargained Ontario multi-employer pension plans (MEPPs).

Ontario update: expansion of superintendent powers and creation of FSRA

Jul 10, 2017

Ontario Bill 127, which includes several pension measures, has received royal assent. Bill 127 was discussed as part of our summary of the 2017 Ontario Budget.

British Columbia: Guideline on records retention

Jun 19, 2017

In April 2017 the British Columbia Financial Institutions Commission (FICOM) released a draft Records Retention Guideline (the “draft Guideline”) for consultation.

Saskatchewan clarifies tax on insurance premiums

Jun 19, 2017

The government of Saskatchewan announced changes to Saskatchewan’s provincial sales tax (PST) affecting insurance premiums in its 2017-2018 budget.

Ontario announced new solvency funding framework

Jun 19, 2017

On May 19, 2017, the Ontario government announced a new defined benefit (DB) pension plan funding framework, expanded coverage under the Pension Benefits Guarantee Fund (PBGF), and a number of related measures.

Ontario: Proposed regulations on administrative penalties

Jun 19, 2017

On May 9, 2017, the Ontario Government released proposed regulatory changes stipulating the procedures and proposed amounts relating to administrative penalties.

Ontario announces new Solvency Funding Framework

May 25, 2017

On May 19, 2017, the Ontario government announced a new defined benefit (“DB”) pension plan funding framework and expanded coverage under the Pension Benefits Guarantee Fund (“PBGF”).

Alberta: Draft guideline on governance, investment and funding policies

May 11, 2017

On March 28, 2017, the Alberta Treasury Board and Finance (the “regulator”) released a new draft of Interpretive Guideline #12 – Governance, Investment and Funding Policies (“IG-12”).