Pensions: Keep the Change
In recent years, Canadian pension standards legislation has been in, what seems to be, a constant state of change. In this blog post, we highlight some of the more significant recent and proposed legislative changes in Ontario, Québec and the...
Medical Marijuana and Benefit Plan Coverage
As discussed at our April A.M. Pension webinar, the Nova Scotia Court of Appeal recently released its decision in Canadian Elevator Industry Welfare Trust Fund v. Skinner. In that decision, the Court of Appeal overturned the earlier decision of a...
FSCO Targeted Reviews
In late 2017, the Ontario pension regulator, the Financial Services Commission of Ontario (“FSCO”), announced that it was undertaking a series of “targeted reviews” of selected pension plans. There have now been two FSCO targeted reviews announced with more expected...
2018 Ontario Budget: Impact on Pensions and Benefits
On March 28, 2018, the provincial government released its 2018 Ontario Budget: A Plan for Care and Opportunity (the “2018 Budget”) and introduced for first reading Bill 31, Plan for Care and Opportunity Act (Budget Measures) (the “2018 Budget Act”)....
New Penalties under Pension Benefits Act (Ontario)
Sponsors and administrators of Ontario registered pension plans, and financial institutions that offer locked-in plans, beware: effective January 1, 2018, the Pension Benefits Act (Ontario) (“PBA”) was amended to give the Ontario pension regulator the authority to impose administrative monetary...
2018 Federal Budget: Impact on Pensions and Benefits
On February 27, 2018, the Canadian government released its 2018 Federal Budget: Equality and Growth for a Strong Middle Class (the “2018 Budget”). In this post, we highlight the measures in the 2018 Budget that relate to pensions and benefits....
Changes to the Canada Pension Plan
Are you ready for the upcoming changes to the Canada Pension Plan? In 2016, the Canadian federal and provincial governments (with the exception of Quebec) agreed to amend the Canada Pension Plan (“CPP”). The changes to CPP will soon come...
New Administrative Monetary Penalties – Pension Benefits Act (Ontario)
As discussed at our last A.M. Pension Webinar, in 2016, the Pension Benefits Act (Ontario) (“PBA”) was amended to give the Ontario pension regulator, the Superintendent of Financial Services (the “Superintendent”), the authority to impose administrative monetary penalties in certain...
Have you Amended your Pension Plan?
As discussed at our last A.M. Pension Webinar, the Pension Benefits Act (Ontario) (“PBA”) was recently amended. In this communiqué, we briefly review those amendments. Definition of Spouse In late 2016, the Ontario government introduced Bill 28, All Families Are...
Good-bye ORPP (almost) – Hello CPP
On June 20th, the federal government and the provinces, except for Quebec and Manitoba, reached an agreement in principle to enhance the Canada Pension Plan (“CPP”). The enhancements will be phased-in starting on January 1, 2019. With the enhancement of...
