All of Canada’s members of Parliament and the entire cabinet will be forced to make retroactive payments into their pension plans following technical glitches in…
Whenever the Canada Pension Plan is amended, the chief actuary must prepare a supplementary actuarial report has to be prepared on it. That report, released…
Following the federal government’s announcement yesterday of its plans to invest in infrastructure, one of Canada’s largest pension funds is advising the government that the…
The Canada Revenue Agency has announced an increase of $400 (from $54,900 in 2016 to $55,300 in 2017) to the maximum pensionable earnings under the…
The government of British Columbia has extended the period over which pension solvency deficiencies can be funded by five years to assist plan sponsors registered…
Anyone who has grappled with Canada’s pension-related GST/HST rules can agree with the Association of Canadian Pension Management’s recent assertion that the rules are “extraordinarily…
The Office of the Superintendent of Financial Institutions Canada has published a revised version of its instruction guide for the preparation of actuarial reports for…
Canada’s retirement system maintained its score of a B on the 2016 Melbourne Mercer Global Pension Index, indicating a sound structure, many good features and…
We may be witnessing the most significant changes to the funding rules of Canadian defined benefit pension plans in more than 25 years. First, since…
A court hearing on whether Northern Transportation Co. Ltd. pensioners should be the first recipients of the proceeds of the company’s sale has been delayed.…
Ari Kaplan has launched Kaplan Law, Canada’s first law firm focusing on pension dispute mediation. With two decades of experience at Koskie Minsky, Kaplan has been…
The Office of the Superintendent of Financial Institutions has published updated guides for the disclosure requirements of defined contribution and defined benefit plans. The new…
The federal government has introduced legislation to enhance the Canada Pension Plan days after British Columbia signed on to support the expansion. Upon receiving royal…
The Association of Canadian Pension Management says Ontario’s solvency funding framework for defined benefit pension plans should use Quebec’s new funding regime as a model.…
After considering feedback from its online consultation, British Columbia will support the Canada Pension Plan enhancement. The consultation, which was launched on July 15, 2016,…
An accounting difference involving the Ontario Public Service Employees Union Pension Plan and the Ontario Teachers’ Pension Plan has the government at odds with the…
As the federal Department of Finance consults on proposed amendments to Canada’s Income Tax Act, the Association of Canadian Pension Management has responded with a…
Cancelling the increase to the age of eligibility for old-age security was certainly a popular move. The change, which quickly followed the Liberals’ election in…
In a previous post, I extolled the virtues of a benefits communications policy for those who communicate pensions and benefits to employees. Two recent court…
When considering claims that Canadians lack adequate savings for retirement, it’s crucial to ask whether “fourth-pillar” assets have been fully considered in reaching this conclusion,…
The existing Canada Pension Plan is on sustainable financial footing at its current contribution rate and its assets are projected to grow from $285 at…
In its response to a consultation launched in June, the Association of Canadian Pension Management says the federal government’s “30-per-cent rule” needlessly inhibits pension plan…
The Bank of Canada’s governor says today’s era of stubbornly low interest rates means it’s time to revisit retirement planning and temper business investment expectations.…
It has been four years since the federal government passed legislation to enable pooled registered pension plans as a vehicle to boost retirement savings. In…
The federal government’s bid to expand the Canada Pension Plan is being put under the microscope, including an examination of the impact it could have…