Despite the prorogation of the Ontario Legislature on October 15th, the Cabinet is continuing to meet, and the regulations related to the long-awaited further round of solvency funding relief for Ontario-registered underfunded pension plans were...
Every year, companies must establish an expense for their defined benefit pension plans.
Canadian pensioner mortality experience studies may result in a new mortality table and improvement scale that, if adopted in the actuarial standards of practice, will likely increase pension liabilities between 3% and 8% depending on the...
Defined benefit pension plans are currently looking for solutions to manage their risk. Oddly, buying annuities is seldom included in the strategies contemplated for this purpose.
As the New Year approaches, it is a prudent time to reiterate two changes announced earlier in 2012 that may impact group benefit programs and will take effect January 1, 2013.
How pension plans are valued impacts a plan sponsor’s cash contributions to the plan and the amount of pension expense reported in its financial statements.
The Alberta government has introduced Bill 10, the Employment Pension Plans Act, to replace its current pension legislation. Bill 10 closely follows British Columbia’s Bill 38, which was passed in June. Please see our News & Views article from...
On Thursday, October 18, 2012, the federal government introduced an omnibus budget legislation known as Bill C-45.
The Biggest Stories of The Quarter With Significant Ongoing Impact
Following its meeting on September 5-6, 2012, the Canadian Accounting Standards Board (AcSB) will extend again the existing deferral of the mandatory IFRS changeover date for entities with qualifying rate-regulated activities.