On December 15, 2010, Bill C-28 (formerly the Fighting Internet and Wireless Spam Act), received Royal Assent. The Bill will come into force on a day to be fixed by order of the Governor in Council. As previously reported, the Bill enacts comprehensive anti-SPAM legislation and specifically amends PIPEDA to prohibit the collection of personal…
Business Operation: Québec
CPP Regulatory Amendments In Force
On January 1, 2011, Regulations Amending the Canada Pension Plan Regulations came into force (SOR/2010-300). The regulations implement the legislative amendments in the Economic Recovery Act (stimulus) (which received Royal Assent on December 15, 2009) and are intended to restore and enhance the actuarial adjustments made to Canada Pension Plan retirement pensions taken before and…
House of Commons Adjourns Until January 31, 2011
On Thursday, December 16, 2010, the federal House of Commons adjourned until 11:00 a.m. (EDT) on Monday, January 31, 2011.
Federal Pension Regulations Proposed
On Tuesday, December 14, 2010, the federal government proposed a number of regulatory amendments to the Pension Benefits Standards Regulations, 1985 for public commentary. The proposed amendments are designed to increase protection of plan members and retirees and would, in part: permit plan sponsors to secure properly structured letters of credit in lieu of making…
Federal Economic Recovery Bill Passes
On December 15, 2010, Bill C-47, the Sustaining Canada’s Economic Recovery Act, received Royal Assent. The Bill is omnibus legislation and addresses numerous measures of interest to employers, including: income tax reforms relating to stock option plans and employee life and health trusts as outlined in the March 2010 Budget previously reported on August 30,…
Federal Mandatory Reporting of Internet Child Pornography Bill Reported As Amended
On October 25, 2010, Bill C-22, the Protecting Children From Online Sexual Exploitation Act, was reported to the House of Commons as amended by the Standing Committee on Justice and Human Rights. As previously reported, Bill C-22 would impose a mandatory duty on “persons” (defined to include individuals, corporations, partnerships, unincorporated associations or organizations) providing…
Federal Government Introduces Sustaining Canada’s Economic Recovery Act
On September 30, 2010, the federal government introduced Bill C-47, the Sustaining Canada’s Economic Recovery Act. As outlined in the government announcement, Bill C-47 is omnibus legislation and addresses numerous measures of interest to employers including: income tax reforms relating to stock option plans and employee life and health trusts as outlined in the March…
Federal Government to Set Limits On EI Premium Rate Increase for 2011
On September 30, 2010, the federal government announced plans to limit the Employment Insurance (“EI”) maximum premium rate increase for 2011 to five cents per $100 of insurable earnings, and ten cents per $100 of insurable earnings for subsequent years. The rate increase is set by the Canada Employment Insurance Financing Board, which by November…
House of Commons Resumes Sitting
On September 20, 2010, the House of Commons resumed sitting.
Federal Government Releases Consultation Draft of Legislative Tax Proposals
The Department of Finance released draft legislative proposals in July and August of 2010 to implement a variety of tax measures, including those first outlined in its 2010 Budget along with several previously announced tax initiatives, for public consultation. The proposals outline significant changes to the tax rules applicable to employee stock options that will:…