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”).
Every year, companies must establish an expense for their defined benefit pension plans.
In January 2013, the Financial Services Commission of Ontario (FSCO) published Policy A200-101 (the “Policy”) concerning administrative expenses of pension funds.
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...
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.
Recently, discount cards have appeared on the Canadian market, offering partial refunds on the cost of patented drugs.
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).
The Biggest Stories of The Quarter With Significant Ongoing Impact
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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 “...