2311 Results

New Income Tax Proposals Introduced – Federal Budget 2011

On August 16, 2011, the Department of Finance released draft legislative and regulatory proposals to implement a number of key tax measures first introduced by the federal government in Budget 2011, the Next Phase of Canada’s Economic Action Plan—A Low-Tax Plan for Jobs and Growth. In part, “Legislative Proposals Relating to the Income Tax Act…

Supporting Regulations Proposed for Transfer Agreements under Section 80.1

The Ontario government has posted proposed content for Pension Benefits Act regulations for public review and commentary. These regulations are required before amendments to section 80.1 of that Act come into effect. Once proclaimed in force, section 80.1 of the Act will allow the administrators of certain public sector plans to negotiate agreements to give…

Anti-spam Regulation Proposed Under Bill C-28

On July 9, 2011, the federal government published proposed Electronic Commerce Protection Regulations under Bill C-28, the so-called “anti-SPAM” legislation. The proposed Regulations are administrative in nature and specifically provide definitions for terms used in Bill C-28, including “personal relationship” and “family relationship”. The Regulations also define the specific conditions under which consent would be…

Ontario Bar Association Publishes Article by Thomas Agnew

An article by Hicks Morley’s Thomas Agnew was published in the Labour and Employment Law section of the OBA’s June 2011 newsletter. In an article entitled, “Expanding the Definition of Employment Under Health and Safety Legislation” Thomas discusses the Ontario Court of Appeal’s recent decision to encompass independent contractors within the definition of “employment” under…

Bill 181, Mandatory Retirement Legislation For Firefighters, Receives Royal Assent

On June 1, 2011, Bill 181, Fire Protection and Prevention Amendment Act, 2011, received Royal Assent. As previously reported, Bill 181 amends the Fire Protection and Prevention Act, 1997 to provide for the mandatory retirement at age 60 of firefighters regularly assigned to fire suppression duties, in certain circumstances, and impose a duty of fair…

Bill 133 Regulations (Asset Division on Marriage Breakdown) Filed Under Pension Benefits Act

On June 24, 2011, the Ontario government filed long-anticipated regulations in support of amendments to the Pension Benefits Act effected by Bill 133, the Family Statute Law Amendment Act, 2009. O. Reg. 287/11 (Family Law Matters) follows the previously reported March 2011 release of draft regulations and a related Consultation Paper, and reflects that consultation…

FSCO Releases Guidance Note on Revised CIA Standards of Practice

The Financial Services Commission of Ontario (“FSCO”) released its Guidance Note (PDF) with respect to how it expects plans to apply the revised Canadian Institute of Actuaries’ (“CIA”) Practice-Specific Standards for Pension Plans (the “Standards”). The Guidance Note expressly states that the application of some of the CIA revisions to the Standards, which became effective…