The Ontario Ministry of Finance has released a summary of a proposed regulation to restructure the financial hardship unlocking program for locked‑in funds. The summary follows up on an announcement in the 2012 Ontario Budget.
Early in the new year, the National Standard of Canada for Psychological Health and Safety (PHS) in the workplace will be unveiled. Developed by the Mental Health Commission of Canada (MHCC) and in collaboration with CSA Standards (Canadian...
On November 20, 2012, Quebec Finance Minister Nicolas Marceau tabled Quebec’s 2013-2014 budget. The following are excerpts from budget documents outlining Minister Marceau’s announcements regarding retirement and health.
A recent split decision of the Ontario Court of Appeal in Carrigan v. Carrigan Estate delivered an unexpected and unsettling interpretation of spousal entitlement to a pre-retirement death benefit under the Pension Benefits Act (the “Act”).
In January 2012, the Canadian Accounting Standards Board (AcSB) issued an Exposure Draft entitled “Employee Future Benefits” proposing changes to the accounting for defined benefit plans for private enterprises and not-for-profit organizations (...
On May 30, 2012, Dwight Duncan, Ontario’s Minister of Finance, appointed Bill Morneau as the independent Pension Investment Advisor, in order to determine the advantages of pooled asset management for Ontario’s public sector pension funds...
This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.
On November 15, 2012, the Ontario Government filed O. Reg. 364/12 (the “Regulation”), which sets out the terms for the use of letters of credit (“LOC”) in Ontario.
Every year, companies must establish an expense for their defined benefit pension plans.
On November 2, 2012, Regulation 329/12, amending Regulation 909 made pursuant to the Ontario Pension Benefits Act, R.S.O. 1990, as amended, was published on e-Laws.