Like most western countries, the level of pension savings in Canada is a major issue for the government, and increased life longevity is driving concerns…
Born in 1946, the first wave of Canada’s baby boom generation will be 65 years old in 2012. If they haven’t saved enough for retirement,…
Under the current Canada Pension Plan (CPP) rules, employees and employers are not required to pay CPP contributions for employees who are working while collecting…
Federal tax rules are preventing many Canadians—especially those in the private sector—from saving enough for retirement, according to a report released by the C.D. Howe…
New Democrat Pension Critic Wayne Marston reintroduced legislation today to put pensioners ahead of creditors when their former employers go bankrupt. The proposed Pension Protection…
The Canadian Federation of Independent Business (CFIB) says governments across Canada should follow New Brunswick’s lead and begin reviewing their public sector pensions. “We’ve been…
Last December, I wrote an op/ed article in the Financial Post asking CPP expansionists to “Dial down the rhetoric on pensions” (FP Comment, Dec. 22,…
The Office of the Superintendent of Financial Institutions Canada (OSFI) has released a policy advisory to provide further detail on its expectations with respect to…
United Steelworkers members and widows of members in Sudbury are lobbying for changes to Ontario’s pension legislation. Their concern is that the current legislation is…
The Institute for Research on Public Policy recently published a paper by economist Keith Horner entitled A New Pension Plan for Canadians: Assessing the Options,…
According to Statistics Canada, there are almost 3,000 registered pension plans in Canada with members in more than one province—hence the need for a national…
Watch this video Since the announcement of pooled registered pension plans (PRPPs) by the Federal government, plan sponsors and industry experts have been supportive of…
The end of this month marks the deadline for filing the first round of GST/HST 494 returns for the pension industry. With barely a week…
The last decade has been unpleasant for DB pension plans, even before the 2008 market crash. The Great Recession further exacerbated these challenges as global…
A Buck Consultants Advisory out today reminds pension plan sponsors that Ontario and Quebec multi-jurisdictional plans will be subject to the new Agreement Respecting Multi-Jurisdictional…
The Royal Newfoundland Constabulary (RNC) has laid dozens of fraud-related charges against a 62-year-old former employee of the archdiocese of St. John’s. The RNC alleges…
Ontario’s new rules for dividing pensions on marriage breakdowns are a welcome development, Ian Edelist, pension practice leader at Eckler Ltd., said during an Association…
Watch this video Just because there haven’t been any large lawsuits around DC plans in Canada yet doesn’t mean they aren’t possible. Paul Litner, partner,…
Other plans might be increasing member contribution rates but the Healthcare of Ontario Pension Plan (HOOPP) board of trustees says HOOPP won’t be one of…
The C.D Howe Institute warns those advocating for expanding the CPP to not be fooled by the fund’s good returns and perceived sustainability. The CPP…
The New Brunswick government has asked the City of Saint John to rework reform proposals for its ailing pension plan. City manager Patrick Woods says…
Effective July 12, 2010 the Superintendent’s permission to transfer assets related to DC provisions was removed from the Pension Benefits Standards Act. As a result,…
While the budget delivered positive news for the economic growth of Canada (the federal finances are in better shape now than they were when the…
The lights were on and the cameras were rolling when Jim Flaherty tabled his 2011 Budget in March. But when the opposition parties called “Cut!”…
Watch this video What will pooled retirement pension plans mean for employers? Or for employees? Will Canadians voluntarily save more for retirement if the PRPP…