Federally Regulated DB Pension Plans Given Temporary Relief as a Result of COVID-19

On April 15, 2020, the federal government announced that, effective immediately, it is providing temporary relief to sponsors of federally regulated defined benefit (DB) pension plans, in light of the pandemic’s negative effect on the economy and the resulting financial constraints faced by many sponsors. For the remainder of 2020, there will be a moratorium…

Federal Wage Subsidy Legislation Passed

On April 11, 2020, Bill C-14, the COVID-19 Emergency Response Act, No. 2, (Bill C-14), received Royal Assent after another emergency session of Parliament. Bill C-14 enacts the Canada Emergency Wage Subsidy (CEWS). It includes new details about which employers are eligible, and the calculation of gross revenue and the subsidy. On the same date, the federal government also updated its backgrounder describing the CEWS, reflecting the final form of the legislation.

Additional Details of Canada Emergency Wage Subsidy and Enhanced Summer Jobs Program Released

After making its initial announcement about the significantly expanded Canada Emergency Wage Subsidy (CEWS) program, the federal government announced on April 8, 2020, that it is introducing additional flexibility to the CEWS, and provided additional details about how the program will operate.

COVID-19 – Continuity of Pension Plan Administration and Related Regulatory Flexibility

During these uncertain times, pension plan administrators must continue to administer their pension plans and provide benefits to members, former members and retired members. Employers and pension plan administrators face a number of upcoming filing and disclosure deadlines and may have challenges in meeting those deadlines as a result of the COVID-19 pandemic.

Advantage CPD: Going Viral – COVID-19 Advice for Employers

As the number of confirmed cases of COVID-19 in Canada continues to rise, so too are the challenges that employers are facing across the country. Join us for a one-hour webinar as our presenters answer frequently asked questions and provide information on some of the key issues affecting employers with respect to the virus.