Individual Pension Plans (IPPs) have long been viewed by advisors as more advantageous than Registered Retirement Savings Plans (RRSPs).
Every year, companies must establish an expense for their defined benefit pension plans.
Manitoba’s 2012 Budget applied the province’s 7% Retail Sales Tax (RST) to group insurance contracts that renew or come into effect after July 14, 2012.
The Financial Services Commission of Ontario (“FSCO”) has also issued some summaries of the changes on its Web site.
The Ontario Government has issued a regulation extending the deadline for submitting a valuation report to December 31, 2012.
The Regulation providing temporary relief measures for the funding of solvency deficiencies was released on May 30, 2012. It came into force on June 14, 2012, and has effect retroactively to December 31, 2011.
Pension and Benefits Statistics 2012
The Biggest Stories of The Quarter With Significant Ongoing Impact
As at June 30, 2012
Morneau Shepell Ltd. Releases the Results of its Performance Universe of Pension Managers' Pooled Funds for the Second Quarter of 2012Jun 30, 2012
A difficult second quarter for pension plans