This is an update of our original blog dated April 24, 2023. Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985 received Royal...more
Federal Bill C-228 (the Bill), new legislation intended to improve the protection of, and to extend the super-priority given to claims relating to, defined benefit pension plans in insolvency proceedings, completed third...more
What You Need to Know About Draft Amendments to the Federal Income Tax Act and Regulations -
On February 4, 2022, the Canadian federal government released draft legislation to implement a variety of proposed tax measures,...more
On June 24, 2020, Alberta's Superintendent of Pensions issued EPPA Update 20-04 respecting certain additional COVID-19 related relief measures set out in Order in Council 190/2020, also filed on June 24. As described in the...more
Effective May 27, 2020, new Solvency Special Payments Relief Regulations, 2020 issued under the Pension Benefits Standards Act, 1985 provide funding relief to sponsors of federally regulated pension plans with solvency...more
On May 22, the Financial Services Regulatory Authority of Ontario (FSRA) provided additional COVID-19 pandemic related guidance for administrators and sponsors of Ontario registered pension plans as an update to the...more
On May 5, 2020, the Registered Plans Directorate (RPD) of the Canada Revenue Agency announced COVID-19 pandemic-related relief and guidance for plan sponsors and administrators....more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, the provincial pension regulators in Alberta, Saskatchewan and Nova Scotia have announced additional relief measures...more
Beginning in 2017, the Ontario Retirement Pension Plan (ORPP) will be phased in over a period of four years and will require eligible Ontario employees without a comparable workplace pension plan to be covered by the ORPP. ...more