Ontario pension administrative expenses

Feb 1, 2013

In January 2013, the Financial Services Commission of Ontario (FSCO) published Policy A200-101 (the “Policy”) concerning administrative expenses of pension funds.

30,000 Feet - Fourth quarter, 2012

Jan 14, 2013

The Biggest Stories of The Quarter With Significant Ongoing Impact

Nova Scotia pension regulations

Jan 1, 2013

The Nova Scotia Department of Labour and Advanced Education released Draft Regulations on December 7, 2012 which, if approved, will introduce new pension rules in Nova Scotia.

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

Jan 1, 2013

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

Tax and pension changes effective January 1, 2013

Jan 1, 2013

This article summarizes key changes to the Income Tax Act (Canada) and Pension Benefits Act (Ontario) that became effective January 1, 2013.

Pooled registered pension plans now available to federally regulated employers

Jan 1, 2013

On December 14, 2012, the federal Pooled Registered Pension Plans Act (the “PRPP Act”) and the accompanying regulations (the “PRPP Regulations”) came into force.

Amendments to individual pension plans

Jan 1, 2013

On December 18, 2012, the Canada Revenue Agency (CRA) announced that for the time being it will not require the amendments that it had been seeking for minimum payouts from Individual Pension Plans (IPPs) covering related persons, if a plan is...

New book defuses perceived retirement crisis

Jan 1, 2013

There is a widespread perception that Canada is heading toward a retirement crisis.

Supreme Court ruling on surplus

Jan 1, 2013

On December 19, 2012, in a unanimous decision, the highest court of Canada stated that members of the federal public service Plan, the RCMP Plan and the regular force of the Canadian Forces Plan were not entitled to an estimated $30 billion “...