Prince Edward Island (PEI), one of two provinces currently without a catastrophic prescription drug program, has announced plans to make available provincial funding for prescription drug costs which exceed a threshold based on family income.
The May 2012 edition of News & Views outlined the 2012 Federal Budget’s impact on the taxability of critical illness and accidental death and dismemberment (AD&D) premiums.
This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.
Every year, companies must establish an expense for their defined benefit pension plans.
A draft regulation that would allow a new separate component to be created within municipal or university pension plans was published in the Gazette officielle du Québec on May 15, 2013. This draft would also simplify administration of cost...
In late 2011, at the request of the Liberal government, the Régie des rentes du Québec (the “Régie”) set up an expert committee chaired by Alban D’Amours.
On May 2, Ontario’s Government brought forward its 2013 Budget, including a few items relevant to pensions and employee benefits.
Video Counselling Compares Well to In-person Counselling
Alberta introduced legislation on April 18, 2013, for Pooled Registered Pension Plans (PRPPs), following Saskatchewan and BC,1 as reported in our News & Views of April 2013.
In March 2013, the International Accounting Standards Board (“IASB”) issued an Exposure Draft that proposes changes to the IAS 19 accounting rules for defined benefit plans.