Federal government issues draft tax relief for pension plans
Aug 24, 2020On 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.
Impact on pension expense under international accounting as at July 31, 2020
Aug 24, 2020Every year, companies must establish an expense for their defined benefit pension plans.
Quebec publishes draft regulation to provide temporary COVID-19 relief measures for pension plans
Aug 24, 2020The 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...
Ontario COVID-19 deemed leave of absence raises pension issues
Aug 24, 2020On 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).
Ontario introduces forms for DC plans offering variable benefits
Aug 24, 2020The 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...
Investing in a resilient Canadian workforce: 2020 Business Council of Canada Skills Survey
Aug 11, 2020This 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.
Performance universe of pension managers' pooled funds as at June 30, 2020
Jul 28, 2020Results of the Universe Performance survey for Q2 2020
FSRA releases draft guidance on missing members
Jul 20, 2020On June 23, 2020, the Financial Services Regulatory Authority of Ontario (FSRA) released a draft guidance document on the topic of missing members.
CRA temporarily ceases enforcements of requirements to pay
Jul 20, 2020As 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...
Tracking the funded status of pension plans as at June 30, 2020
Jul 20, 2020The evolution of the financial situation of pension plans since December 31, 2019