On January 13, 2020, the Financial Services Regulatory Authority of Ontario (FSRA) released a guidance document (Guidance) which outlines its proposed supervisory approach for actively monitored (i.e., higher risk) single employer defined benefit...
Proposed exemption of certain individual pension plans and designated plans from Ontario pension legislationFeb 26, 2020
On December 20, 2019, the Ontario Ministry of Finance released its consultation with stakeholders on proposed changes to the PBA, which would exempt certain IPPs and DPs from the application of the PBA.
Ontario increases threshold for audited financial statements, provides for new commuted value standards to be adopted automaticallyFeb 26, 2020
On December 11, 2019, O. Reg. 420/19 (the Regulation) was filed.
The Office of the Superintendent of Financial Institutions (OSFI) has released issue 22 of its InfoPensions newsletter, which includes a number of announcements that affect federally-registered pension plans.
On December 10, 2019, Ontario Bill 132 received royal assent.
With the intention of safeguarding the interest of pensioners and retirees, a number of changes to bankruptcy and insolvency law and federal corporate law that were promised in the 2019 federal budget are now in force.
On November 27, 2019, the Manitoba government introduced Bill 8, The Pension Benefits Amendment Act.
The Liberal Party of Canada has won a plurality of seats in the House of Commons in the recent 2019 federal election and is expected to form a minority government.
The Financial Services Regulatory Authority of Ontario (FSRA) has published a draft FSRA Priorities and Budget Consultation Document for 2020-2021, describing its priorities as it sets out to strengthen its oversight activities in the pension...
On October 15, 2019, the Ontario government filed Ontario Regulation (O. Reg.) 335/19, which sets out the rules for a statutory discharge to be provided for a buy-out annuity in respect of a pension for a surviving spouse.