Statistics on prescription drug use in 2011 reflect the effect of drug cost control measures implemented by several provinces and the impact of many new generic drugs introduced on the market. The following table compares how the average cost per certificate varied from province to province in the last quarter of 2011 compared to the same quarter in 2010.
As announced in 2010 and confirmed in the 2011 Ontario Budget, the Ontario government has increased the Pension Benefits Guarantee Fund (PBGF) assessment rate for defined benefit pension plans with Ontario members.
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.
The Government of Newfoundland and Labrador has launched a new dental program for adults, effective January 1, 2012. This new program is an expansion of the current provincial dental health plan, which is usually referred to as the Children's Dental Health Program.
The following table shows the Morneau Shepell monthly summary of returns from various market indices. It also includes returns from benchmark portfolios used by pension funds.
This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007. For this illustration, assets and liabilities of the plan were each arbitrarily set at $100 million as at December 31, 2007.
Every year, companies must establish an expense for their defined benefit pension plans.
Copyright 2013. Morneau Shepell Ltd.