On June 17, 2019, the federal Minister of Finance tabled a Notice of Ways and Means Motion that would limit the availability of deductions with respect to shares issued under certain employee stock options granted starting January 1, 2020.
On July 3, 2019, a draft regulation amending the Regulation respecting supplemental pension plans was published in the Gazette officielle du Québec.
In May 2019 the federal Department of Finance released draft legislation with respect to employee life and health trusts (ELHTs).
Every year, companies must establish an expense for their defined benefit pension plans.
The Nova Scotia government recently released further details on its proposed funding framework for defined benefit DB pension plans and amendments that will be made to the regulations.
On May 21, 2019, the government of Ontario filed O. Reg. 105/19, which makes some clarifications, technical corrections and adjustments in the new funding framework for defined benefit (DB) pension plans that took effect on May 1, 2018.
On May 8, 2019, the Canadian Association of Pension Supervisory Authorities (CAPSA) released the revised Guideline No. 2 – Electronic Communications in the Pension Industry (the Guideline).
On April 10, 2019, the Quebec National Assembly assented to Bill 10, An Act to amend the Pay Equity Act mainly to improve the pay equity audit process.
The evolution of the financial situation of pension plans since December 31, 2018
Benefits and Pensions Monitor: Are you wondering when to start receiving your CPP/QPP/OAS #retirement benefits? For a balanced view, read what Nic Peterson and Peter Gorham had to say...