On December 6, 2012, the Quebec National Assembly adopted Bill 15, which allows the creation of target benefit pension plans (TBPP) in certain companies in the pulp and paper sector, such as Resolute Forest Products and White Birch Paper.
The British Columbia government has announced that new generic drug pricing regulations will come into effect on April 1, 2013.
As at December 31, 2013
Morneau Shepell Ltd. Releases the Results of its Performance Universe of Pension Managers' Pooled Funds for the Fourth Quarter of 2012Dec 31, 2012
An excellent year for pension plans
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.
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.