The results presented in this report are an analysis of responses collected from a broad cross-section of industries representing approximately 900 Canadian organizations on their expected changes in compensation for 2021.
On July 29, 2020, the Newfoundland and Labrador (NL) government announced that it was considering amendments to the Pension Benefits Act regarding the unlocking of pension benefits for situations of financial hardship.
The evolution of the financial situation of pension plans since December 31, 2019
Every year, companies must establish an expense for their defined benefit pension plans.
On August 31, 2020, the OSFI announced it has revised its Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985 (the Directives) to lift the freeze on commuted value transfers and buy-out annuity purchases effective...
The Ontario Superior Court recently decided in Calmusky v. Calmusky that the beneficiary of a Registered Retirement Income Fund (RRIF) was holding the benefits in trust for the estate of the deceased RRIF owner.
On July 24, 2020, the Registered Plans Directorate of the Canada Revenue Agency (CRA) released Newsletter 20-1 on the topic of buy-out annuity contracts and, in particular, the question of what constitutes a “material difference” between an...
HR Reporter: Forty per cent of front-line workers feel pressured to go into work during COVID-19, found a survey.
Human Resources Director Magazine: While the COVID-19 outbreak continues to affect the mental health of Canadians, leaders in the public and private sectors are turning to digital tools to help address its impact.
The Supreme Court of Canada has ruled in Threlfall v. Carleton University that a Quebec woman must repay nearly half a million dollars she had collected on behalf of a missing member of the Carleton University pension plan while the member was...