OSFI instruction guide: Authorization of amendments reducing benefits in defined benefit pension

Aug 1, 2012

In July 2012, the Office of the Superintendant of Financial Institutions (OSFI) adopted and published an Instruction Guide setting out factors and specific requirements that OSFI considers when reviewing an application seeking the Superintendent’s...

As at July 31, 2012 - Tracking the funded status of pension plans

Aug 1, 2012

This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.

As at July 31, 2012 - Impact on pension expense under international accounting

Aug 1, 2012

Every year, companies must establish an expense for their defined benefit pension plans.

Update: Ontario valuation report filing deadline extended

Jul 19, 2012

The Ontario Government has issued a regulation extending the deadline for submitting a valuation report to December 31, 2012.

Update: Quebec temporary relief measures for private sector pension plans

Jul 19, 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.

Voluntary Retirement Savings Plan: Bill 80 Tabled

Jul 19, 2012

On June 12, 2012, Quebec tabled Bill 80, entitled An Act respecting voluntary retirement savings plans.

Tracking the funded status of pension plans - As at June 30, 2012

Jul 19, 2012

The Evolution of the Financial Situation of Pension Plans since December 31, 2007

Individual Pension Plans can still provide significant contribution opportunities

Jul 19, 2012

Individual Pension Plans (IPPs) have long been viewed by advisors as more advantageous than Registered Retirement Savings Plans (RRSPs).

Impact on pension expense under international accounting - As at June 30, 2012

Jul 19, 2012

Every year, companies must establish an expense for their defined benefit pension plans.

Manitoba Imposes 7% RST on Group Insurance Contracts Related to Manitoba Residents

Jul 19, 2012

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.