Senator Elizabeth Warren, who is running to become the next presidential candidate for the U.S. Democratic Party, has proposed new legislation attacking the private equity industry and calling for major reforms. The Stop Wall Street Looting Act of 2019 proposes stringent rules around private equity transactions, including making private equity firms share responsible for the debts incurred by […]
Canadian pension funds are welcoming proposed regulations from the U.S. Department of the Treasury that clarify the sweeping exemption from U.S. tax on real estate available to qualified foreign pension funds. “The previous regulatory framework reduced our demand for real estate in the U.S. and, as importantly, increased the cost and complexity of our structuring,” says […]
The federal government has released draft legislative proposals to implement changes to the employee stock option tax regime announced in its 2019 budget. As promised in the budget, the proposals will impose an annual cap of $200,000 on employee stock options eligible for the stock option deduction under the Income Tax Act. They also confirm that […]
Canada’s national standard for psychological health and safety in the workplace provides employers with benchmarks they can measure themselves against. Would making it mandatory improve employer uptake, or impose unnecessary and duplicate regulations? Brian Gottheil, human resource advisor and lawyer at Bernardi Human Resource Law LLP: The national standard helps employers proactively assess and improve their […]
The Ontario government is combining two agencies to create one pension and financial services regulator aside from securities. As of June 8, the Financial Services Regulatory Authority of Ontario replaces the Financial Services Commission of Ontario and the Deposit Insurance Corp. of Ontario as an integrated, independent and self-funded regulator. Read: A look ahead at pension […]
The ways that Canadians partner up is changing, leading to questions about how different types of families access parental benefits. “When we think about Canada, and we think about families, we think about diversity,” said Nora Spinks, chief executive officer of the Vanier Institute of the Family, in a webinar on Tuesday. “And we want to make sure […]
More than half (54 per cent) of Canadians believe training around workplace harassment and violence should occur annually, while 28 per cent said it should take place every three years or more, according to the results of the federal government’s online consultation. The survey, which polled 1,000 Canadians about new legislation on workplace harassment and […]
Health Canada has proposed amendments to the Food and Drug Regulations that would make it easier for drug companies to get authorization to produce generic versions of brand name drugs. The amendments would allow Health Canada to more quickly to approve generic drug applications that have the same active ingredients as their brand name equivalent […]
A new paper from Ryerson University’s National Institute of Ageing is calling for the creation of workplace tax-free pension plans to better support Canadians’ financial security in retirement. Under the current workplace registered pension plan model, noted the research, lower to middle income Canadians are essentially discouraged from saving for retirement due to the potential financial […]
Canadian employers may need to re-evaluate how they think about job classes and compensation when the federal pay equity legislation comes into effect. The new legislation, which was announced in October 2018, has strict requirements for how employers measure a job’s worth to the organization for the purpose of compensation. Some workplaces may not be […]