Advisory Council’s final report recommends universal, single-payer pharmacare
Jul 23, 2019In June 2019, the Advisory Council on the Implementation of National Pharmacare (the Advisory Council) issued its final report recommending universal public, single-payer pharmacare for all Canadians, with a phased implementation between 2022...
Tracking the funded status of pension plans as at June 30, 2019
Jul 23, 2019The evolution of the financial situation of pension plans since December 31, 2018
FSRA, Ontario’s new pension regulator, takes over from FSCO
Jul 23, 2019On June 8, 2019, the FSRA assumed the regulatory duties of the FSCO in respect to pension plan regulation in Ontario, as well as the duties of other financial regulators.
Impact on pension expense under international accounting as at June 30, 2019
Jul 23, 2019Every year, companies must establish an expense for their defined benefit pension plans.
Employee stock option deduction limits to take effect January 1, 2020
Jul 23, 2019On June 17, 2019, the federal Minister of Finance tabled a Notice of Ways and Means Motion that would limit the availability of deductions with respect to shares issued under certain employee stock options granted starting January 1, 2020.
Quebec issues draft regulation affecting the stabilization provision
Jul 23, 2019On July 3, 2019, a draft regulation amending the Regulation respecting supplemental pension plans was published in the Gazette officielle du Québec.
Draft employee life and health trust legislation released
Jul 23, 2019In May 2019 the federal Department of Finance released draft legislation with respect to employee life and health trusts (ELHTs).
FSCO issues spousal waiver form, FAQs for non-residency unlocking from a pension plan
Jul 23, 2019On May 28, 2019, the Financial Services Commission of Ontario (FSCO) released a new Form 4.2 and published a Frequently Asked Questions document (FAQ) on non-residency unlocking from a registered pension plan for Ontario members.
Impact on pension expense under international accounting as at May 31, 2019
Jun 26, 2019Every year, companies must establish an expense for their defined benefit pension plans.
Nova Scotia: Details on new rules for DB funding
Jun 26, 2019The Nova Scotia government recently released further details on its proposed funding framework for defined benefit DB pension plans and amendments that will be made to the regulations.