The Registered Plans Directorate of the Canada Revenue Agency (CRA) has released a draft newsletter for public consultation (the Draft Newsletter).
Inclusion of Provision for Adverse Deviation in financial reporting for DB pension plan sponsors reporting under CPA Canada Handbook Sections 3462 and 3463Feb 20, 2019
The AcSB has issued a Decision Summary which affects defined benefit pension plan sponsors that report under Sections 3462 and 3463 of the CPA Canada Handbook and elected to use funding valuation assumptions for financial reporting.
On December 11, 2018, Alberta adopted Bill 27, which will transition the Local Authorities Pension Plan, the Public Service Pension Plan, and the Special Forces Pension Plan to a joint governance structure.
The evolution of the financial situation of pension plans since December 31, 2018
On January 2, 2019, the Ontario government released a regulatory notice and a draft regulation that will make OHIP+ drug coverage only available to Ontarians under the age of 25 who do not have drug coverage through a private drug benefit plan.
Every year, companies must establish an expense for their defined benefit pension plans.
Effective January 1, 2019, the Ontario government has repealed provisions introduced by the previous Ontario government in 2017 that provided for up to 10 days, including two paid days, of personal emergency leave, replacing it with separate...
The Office of the Superintendent of Financial Institutions (OSFI) recently released a fact sheet titled Registered Pension Plans (RPPs) and Other Types of Savings Plans – Coverage in Canada.
The Ontario government has delayed the implementation of the Pay Transparency Act, 2018 (the Act), which would have required provincially regulated employers in Ontario to begin disclosing compensation information in public job postings and...
On December 13, 2018, the federal government’s Bill C-86, which among other things establishes a new Pay Equity Act (the Act), received royal assent.