On July 2, 2020, the federal government released new draft regulations aimed at providing relief for registered pension plans, as part of the government of Canada’s COVID-19 Economic Response Plan.
Every year, companies must establish an expense for their defined benefit pension plans.
The draft regulation titled “Regulation respecting measures related to supplemental pension plans to reduce the consequences of the public health emergency declared on 13 March 2020 due to the COVID-19 pandemic” was published on July 15, 2020 in...
On May 29, 2020, the Government of Ontario enacted O. Reg 228/20: Infectious Disease Emergency Leave (the Regulation) which expanded the scope of the Infectious Disease Emergency Leave under the Employment Standards Act, 2000 (the ESA).
The Financial Services Regulatory Authority of Ontario (FSRA) has introduced various variable benefit forms, which will enable Ontario members of defined contribution (DC) plans and their spouses to access variable benefits and access various...
This report is not a definitive look at Canada’s changing labour market; instead, it explores how employers are responding to rapid change and attempting to prepare for an uncertain future.
Results of the Universe Performance survey for Q2 2020
On June 23, 2020, the Financial Services Regulatory Authority of Ontario (FSRA) released a draft guidance document on the topic of missing members.
As part of the Canadian government’s response to the COVID-19 pandemic, the Canada Revenue Agency (CRA) instructed employers and banks in March 2020 that they are not required to comply with or to make remittances based on existing “requirements...
The evolution of the financial situation of pension plans since December 31, 2019