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.

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.

Tracking the funded status of pension plans as at May 31, 2017

Jun 19, 2017

The evolution of the financial situation of pension plans since December 31, 2016

Impact on pension expense under international accounting as at May 31, 2017

Jun 19, 2017

Every year, companies must establish an expense for their defined benefit pension plans.

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.

Letter of credit limits for federally regulated DB plans

May 11, 2017

On April 29, 2017, the Federal government posted draft regulations to amend the Pension Benefits Standards Regulations 1985 (the “PBSR”).

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”).

Tracking the funded status of pension plans as at April 30, 2017

May 11, 2017

The evolution of the financial situation of pension plans since December 31, 2016

Ontario budget: Pension announcements

May 11, 2017

On April 27, 2017, Ontario released its 2017 Budget. The Budget includes a number of important announcements of future changes to Ontario pension legislation and regulation.