Right to reduce pension benefits retroactively

Feb 1, 2013

On February 5, 2013, the Régie des rentes du Québec (the “Régie”) published Newsletter Number 29 regarding pension plan amendments that reduce benefits retroactively pursuant to the Quebec Supplemental Pension Plans Act (the “SPPA”).

As at January 31, 2013 - Impact on pension expense under international accounting

Feb 1, 2013

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

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.

New position of CRA on pension plan transfer agreements and recognition of past service

Feb 1, 2013

Plan sponsors and administrators have expressed concerns in the past that pensionable service rules in the Income Tax Regulations prohibited recognizing a member’s service under a former pension plan when there was a transfer from one defined...

Pension and Benefit Reference: New edition covers new topics

Feb 1, 2013

The Morneau Shepell Handbook of Canadian Pension and Benefit Plans, which was honoured as a Globe & Mail 2012 Business Book Bestseller, has now been published in its 15th Edition.

Discount cards for patented drugs: Could they harm private prescrip drug insurance plans?

Feb 1, 2013

Recently, discount cards have appeared on the Canadian market, offering partial refunds on the cost of patented drugs.

New accounting standard for not-for-profit organizations

Feb 1, 2013

In January 2012, the Canadian Accounting Standards Board (AcSB) issued an Exposure Draft, which proposed changes to the accounting for defined benefit plans for private enterprises and (private) not-for-profit organizations (NFPO).

30,000 Feet - Fourth quarter, 2012

Jan 14, 2013

The Biggest Stories of The Quarter With Significant Ongoing Impact

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 “...