Impact on pension expense under international accounting as at January 31, 2018

Feb 12, 2018

Every year, companies must establish an expense for their defined benefit pension plans.

Ontario: Proposed changes to Pension Benefits Guarantee Fund assessments

Feb 12, 2018

On January 19, 2018, the Ontario Ministry of Finance (the “MOF”) released a description of proposed changes to the assessment formula for the Pension Benefits Guarantee Fund (PBGF).

Manitoba: Proposed changes to the Pension Benefits Act

Feb 12, 2018

On January 10, 2018, Manitoba’s Minister of Finance launched a public consultation to strengthen the existing provincial pension system.

Review of Public Sector Accounting of retirement benefits

Feb 12, 2018

In 2014, the Public Sector Accounting Board (PSAB) identified, as part of a survey, the review of Section 3250 (Retirement Benefits) & Section 3255 (Post-employment Benefits, Compensated Absences & Termination Benefits) as one of its top...

Prescription drugs: Price reductions announced

Feb 12, 2018

Effective April 1, 2018, the prices of nearly 70 of the top prescribed generic drugs in Canada will be reduced by 25 to 40% as a result of an agreement announced jointly by the pCPA and the Canadian Generic Pharmaceutical Association.

Tracking the funded status of pension plans as at January 31, 2018

Feb 12, 2018

The evolution of the financial situation of pension plans since December 31, 2017

Québec: Regulation on funding policies and annuity purchases

Jan 17, 2018

The final version of the Regulation to amend the Regulation respecting supplemental pension plans (the “regulation”) was published on December 20, 2017 in the Gazette officielle du Québec. The regulation came into force on January 4, 2018.

Nova Scotia: Regulations on asset transfers

Jan 17, 2018

On November 28, 2017, the Nova Scotia government amended its Pension Benefits Regulations to establish clear criteria for asset transfers.

Alberta: Updated dental fee guide

Jan 17, 2018

Alberta released in late November 2017 a new dental fee guide effective January 1, 2018, that was developed in collaboration with the ADAC and that recommends lower dental fees than the fee guide released in August 2017.

Leaves of absence: Updated rules affecting pension and benefit plans

Jan 17, 2018

Effective December 3, 2017, the federal Employment Insurance (EI) rules were updated to permit maternity benefits to be paid for up to 15 weeks, and parental leave benefits to be paid for up to 61 weeks.