On August 6, 2019, the Ontario Ministry of Finance released proposed legislative amendments that would permit pension plans to use electronic communications as a default communication method...
The new Ontario pension regulator, the Financial Services Regulatory Authority of Ontario (FSRA), has released a new rule updating fees and assessments payable by the pension sector.
In July 2019, Retraite Québec added a new web page summarizing the Annuity Purchasing Policy.
On July 3, 2019, a draft regulation amending the Regulation respecting supplemental pension plans was published in the Gazette officielle du Québec.
On June 8, 2019, the FSRA assumed the regulatory duties of the FSCO in respect to pension plan regulation in Ontario, as well as the duties of other financial regulators.
In May 2019 the federal Department of Finance released draft legislation with respect to employee life and health trusts (ELHTs).
On May 28, 2019, the Financial Services Commission of Ontario (FSCO) released a new Form 4.2 and published a Frequently Asked Questions document (FAQ) on non-residency unlocking from a registered pension plan for Ontario members.
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.