Effective January 1, 2012, any private-sector organization in Ontario that provides goods or services and with 20 or more employees will need to comply with The Accessibility for Ontarians with Disabilities Act, 2005 (AODA) (the “Act”).
Recent amendments to Canada Pension Plan (CPP) legislation affect employer-sponsored disability benefit programs handled on an administrative services only (ASO) basis.
Newfoundland and Labrador has amended the Solvency Funding Relief Regulations effective December 20, 2011.
Many taxpayers do not fully benefit from the tax credit for medical expenses to which they are entitled.
The Government of Newfoundland and Labrador has launched a new dental program for adults, effective January 1, 2012.
Statistics on prescription drug use in 2011 reflect the effect of drug cost control measures implemented by several provinces and the impact of many new generic drugs introduced on the market.
The evolution of the financial situation of pension plans since December 31, 2007
As announced in 2010 and confirmed in the 2011 Ontario Budget, the Ontario government has increased the Pension Benefits Guarantee Fund (PBGF) assessment rate for defined benefit pension plans with Ontario members.
Every year, companies must establish an expense for their defined benefit pension plans.
In 2011, the Accounting Standards Board (AcSB) indicated that it was reviewing the pension and benefit accounting standards for private enterprises, as well as those for not-for-profit-organizations.