Every year, companies must establish an expense for their defined benefit pension plans.
In light of the COVID-19 situation, pension regulators in several western provinces have made announcements relating to regulatory extensions and other matters.
In light of the COVID-19 situation, pension regulators in the Atlantic provinces have made announcements relating to regulatory extensions and other matters.
On April 6, 2020, the Actuarial Standards Board of the Canadian Institute of Actuaries announced it would delay the adoption of its revised commuted value standards until December 1, 2020, at the earliest.
The OSFI has announced that it is implementing certain regulatory adjustments to support federally regulated banks, insurers and private pension plans in light of the extraordinary circumstance posed by the COVID-19 crisis.
On March 25, 2020, Parliament passed Bill C-13, the COVID-19 Emergency Response Act (Bill C-13), which introduces a number of measures to address the coronavirus disease (COVID-19) pandemic.
In light of the rapidly evolving circumstances around the COVID-19 crisis, on March 18, 2020, the Financial Services Regulatory Authority of Ontario (FSRA) published a document responding to common stakeholder questions.
The evolution of the financial situation of pension plans since December 31, 2019
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