Changes in the financial position of a typical defined benefit plan since December 31, 2007.
New Brunswick filed a new regulation with two important changes affecting defined benefit pension plans registered in New Brunswick.
Company expenses for their defined benefit pension plans.
Manitoba has amended its pension regulations to provide for additional solvency funding relief, the use of letters of credit to cover solvency funding obligations, and increased fines for plan administrators.
The Quebec National Assembly adopted Bill 41 amending the Pharmacy Act.
The federal government released for consultation their proposed amendments to the Income Tax Act that would accommodate Pooled Registered Pension Plans (PRPPs).
The Ontario government has introduced a new Family Caregiver Leave, which will expand an employee’s entitlement to a leave to care for an ill or injured family member.
Quebec published two draft regulations proposing relief measures for the funding of actuarial deficiencies for defined benefit plans.
Pension and Benefits Statistics 2012
The Accounting Standard Board (AcSB) recently indicated that it is reviewing pension and benefit accounting for private enterprises (CICA Handbook, Part II, Section 3461).