On March 29, 2011, the Ontario government introduced Bill 173, the Better Tomorrow for Ontario Act (Budget Measures), 2011 (PDF), omnibus legislation amending a variety of statutes to implement certain initiatives outlined in the 2011 Ontario Budget tabled on that date. Highlights in Bill 173 of interest to employers include: amendments to the Pension Benefits…
Industry: Financial Services
Federal Parliament Dissolved; Writs of Election Issued
On March 26, 2011, Parliament was proclaimed dissolved following adoption of a motion of non-confidence in the House of Commons. As a result, all outstanding business before the House, including all government and Private Members’ Bills, expired on the Order Paper. At the present time, Parliament is scheduled to reconvene on May 30, 2011, following…
Ontario 2011 Budget Introduced
On March 29, 2011, the Ontario government introduced its 2011 Budget, “Turning the Corner to a Better Tomorrow” (PDF). Highlights in the Budget of interest to employers include: a general consolidation effort in respect of the broader public sector, including moving to “more coordinated bargaining in sectors where it is appropriate” and pursuing options for…
Federal Pension Regulations in Effect April 1, 2011
On April 1, 2011, regulatory amendments to the Pension Benefits Standards Regulations, 1985 will come into force. These amendments support the changes to the Pension Benefits Standards Act, 1985 (PBSA) made by Bill C-9, which is discussed here. As previously reported, these amendments will: permit plan sponsors to secure properly structured letters of credit in…
Federal Mandatory Reporting of Internet Child Pornography Bill Receives Royal Assent
On March 23, 2011, Bill C-22, an Act respecting the mandatory reporting of Internet child pornography by persons who provide an Internet service, received Royal Assent. As previously reported, Bill C-22 imposes a mandatory duty on persons providing an “internet service” (a service providing internet access, e-mail or internet content hosting) to the public to…
Federal 2011 Budget Introduced
On March 22, 2011, the federal government introduced its 2011 Budget “A Low-Tax Plan for Jobs and Growth”. Highlights in the Budget of interest to employers include: elimination of the mandatory retirement age for federally regulated employees volunteer firefighters tax credit anti-avoidance rules for RRSPs increase in EI premiums limited to 5 cents in 2011…
Québec proposes stronger retirement income system
On March 17, 2011, the Québec government tabled its 2011-2012 Budget. The Budget proposed, among other things, to strengthen Québec’s retirement income system by: making adjustments to the Québec Pension Plan, as of January 1, 2012, to guarantee a new basic income to Québecers at retirement; and undertaking to implement new Voluntary Retirement Savings Plans…
Good Government Bill Passes Third Reading
On March 7, 2011, Bill 110, the Good Government Act, was carried at Third Reading. As previously reported, Bill 110 is omnibus legislation that would, if passed, make a number of amendments to various Acts, including several employment-related statutes. The Bill should be consulted for coming into force information.
Occupational Health and Safety Legislation Introduced
On March 3, 2011, the Ontario government introduced Bill 160, the Occupational Health and Safety Statute Law Amendment Act, 2011 (PDF). The proposed Bill 160 amendments, which are intended to respond to the recommendations provided by the Expert Panel on Occupational Health and Safety, would significantly amend the Occupational Health and Safety Act (“OHSA”), by:…
Draft Pension Regulations (Asset Division on Marriage Breakdown) Posted for Public Comment
On March 3, 2011, the Ontario government posted draft regulations under Bill 133, the Family Statute Law Amendment Act, 2009, and a related Consultation Paper for public review and comment. Among other family law-related matters, Bill 133 amends the Pension Benefits Act and creates new rules governing both: (1) the valuation of pension assets by…