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E.g., Jan 26, 2021
E.g., Jan 26, 2021

Ontario permits exemptions for asset transfer rules and individual pension plans

Jan 25, 2021

Ontario Bill 213, which received royal assent on December 8, 2020, permits the FSRA of Ontario to provide for exceptions to rules pertaining to asset transfers and conversions of single employer pension plans into jointly sponsored plans.

Alberta permits electronic beneficiary designations for pension and retirement plans

Jan 25, 2021

On December 9, 2020, Alberta amended the Wills and Succession Act to permit beneficiaries to be designated electronically.

Manitoba offers moratorium on special payments

Jan 25, 2021

On December 17, 2020, the province of Manitoba introduced a moratorium on special payments for defined benefit pension plans through 2021.

Quebec modifies funding rules for multi-jurisdictional defined benefit pension plans

Jan 25, 2021

Effective December 31, 2020, the Regulation Respecting the Funding of Multi-jurisdictional Defined Benefit Pension Plans (the Regulation) was amended.

Morneau Shepell submits recommendations on Bill 59

Jan 19, 2021

Morneau Shepell has issued a report that contains an analysis and interprovincial comparison with respect to Bill 59, the Québec’s Act to modernize the occupational health and safety regime.

Federal government consulting on solvency funding relief and other measures

Dec 14, 2020

On November 6, 2020, the federal Department of Finance released a consultation paper on solvency funding relief options for 2021 and a number of other proposed measures that would affect federally regulated pension plans.

YMPE and tax limits jump by nearly five per cent for 2021

Nov 23, 2020

The Canada Revenue Agency (CRA) has released the year’s maximum pensionable earnings (YMPE) under the Canada Pension Plan (CPP) for 2021.

Quebec introduces target benefit pension legislation

Nov 23, 2020

On October 7, 2020, the Quebec legislature introduced Bill 68, An Act mainly to allow the establishment of target benefit pension plans.

Proposed rules under the New Brunswick Unclaimed Property Act to affect wound up pension plans

Nov 23, 2020

On September 22, 2020, the New Brunswick FCNB published proposed rules to govern its Unclaimed Property Program, which will be established pursuant to the New Brunswick Unclaimed Property Act (the Act) that received royal assent in March.

Bill 68: Target Benefit Pension Plans

Nov 3, 2020

Bill 68 “An Act mainly to allow the establishment of target benefit pension plans” was tabled in the Quebec National Assembly on October 7, 2020.