On March 23, 2021, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) released a consultation paper proposing revisions to Saskatchewan’s pension funding framework.
On April 19, 2021, the federal government released the 2021 federal budget. The budget includes a number of announcements related to federally regulated pensions, pension tax rules, mental health supports and social security programs.
On March 11, 2021, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) released a consultation paper proposing an amendment to Saskatchewan’s The Pension Benefits Act, 1992.
On March 16, 2021, the Financial Services Regulatory Authority of Ontario (FSRA) released a guidance document entitled Information No. PE0224INF: Defined Benefit Multi-Employer Pension Plans – Leading Practices (the DB MEPP Guidance).
On March 24, 2021, Ontario released its 2021 budget, in a document entitled “Ontario’s Action Plan: Protecting People’s Health and Our Economy.”
The Canada Revenue Agency (CRA) has announced that, effective February 15, 2021, it has resumed enforcement of “requirements to pay” (RTPs) and “enhanced” RTPs.
The determination of spousal status under a pension plan can be critical for determination of entitlement to pension benefits.
On February 25, 2021, the Office of the Superintendent of Financial Institutions (OSFI) revised its Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985 (the Directives) for federally regulated pension plans.
The British Columbia Financial Services Authority (BCFSA) has released for consultation two guidelines on information security and outsourcing.
Morneau Shepell recently conducted a survey of accounting assumptions for over sixty Ontario hospitals with respect to their post-retirement medical and dental benefit provisions.