Ontario has proposed significant changes governing the unlocking of funds held in Life Income Funds (LIF), locked-in Registered Retirement Income Funds (RRIF) and Locked-In Retirement Accounts (LIRA). The proposal is most relevant to financial institutions that administer these accounts.
Insights
Hicks Morley publishes a number of materials, both electronic and print, on issue-specific and sector-specific topics of interest to our clients. Our insights section has links to all of our various publications, updates and blogs, both current and historical, to keep you informed of developments in the law that impact human resources.
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FTR Now
The decision has significant implications for employers that provide equity awards or other incentive plans. Employers should review their plans and award documents before the same drafting issue produces a similarly significant claim.
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The federal government’s 2026 Spring Economic Update includes several proposals that may affect employers, HR professionals and pension plan administrators.
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Highlights of the 2026 Ontario Budget
· 10 min readOntario’s 2026 Budget — A Plan to Protect Ontario — is here, and employers, HR teams, and pension plan administrators will want to pay attention. Read our take on what Ontario employers need to know.
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EI update for employers! Temporary relief measures introduced in response to U.S. tariffs are now extended to October 10, 2026. Read our FTR Now to learn more.
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Temporary special measures under the EI Work Sharing Program have been extended until March 31, 2027. Clare Wooland examines why tariff-impacted employers may want to re evaluate whether to apply for the Program.
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The federal government has launched a new Worker Retention Grant that can boost Work Sharing income replacement benefits from 55% to up to approximately 70%. Andrew Easto breaks down what you need to know about eligibility, funding supports, and the potential upside for employers.
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A recent BCLRB decision clarifies how age 65 LTD cut offs can still qualify as “bona fide” under human rights legislation. Natasha Monkman and Andrew Easto break down the decision and what this could mean for employers.
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Hicks Morley’s Natasha Monkman and David Gruber break down the latest amendments to the Pension Benefits Act introduced in Bill 68 that pave the way for converting a defined contribution (DC) plan into a jointly sponsored pension plan (JSPP).
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Natasha Monkman and Andrew Easto unpack key takeaways from the recently released OMERS Governance Review Report and examine how the proposed reforms may affect employers and plan sponsors.