Ontario pension administrative expenses
Feb 1, 2013In 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, 2013The Biggest Stories of The Quarter With Significant Ongoing Impact
Nova Scotia pension regulations
Jan 1, 2013The 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, 2013Every year, companies must establish an expense for their defined benefit pension plans.
Tax and pension changes effective January 1, 2013
Jan 1, 2013This 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, 2013On 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, 2013On 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, 2013There is a widespread perception that Canada is heading toward a retirement crisis.
Supreme Court ruling on surplus
Jan 1, 2013On 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 “...