Practice Area: Pensions, Benefits & Compensation

Pensions, Benefits & Compensation

Our Pensions, Benefits & Compensation Practice Group has exceptional depth, with lawyers devoting their practice to this area of law. Hicks Morley’s Pensions, Benefits & Compensation Practice Group provides a full range of legal services covering the legal, regulatory, taxation, administration and human resources aspects of pension plans, retirement savings plans, group benefits and incentive…

New CRA Technical Direction Published for Health and Welfare Trusts

· 2 min read

The Canada Revenue Agency (“CRA”) has posted an updated technical direction regarding Health and Welfare Trusts. Effective July 27, 2015, Income Tax Folio S2-F1-C1: Health and Welfare Trusts replaces and cancels CRA’s prior administrative position, as outlined in Interpretation Bulletin IT–85R2, Health and Welfare Trusts for Employees. The new Technical Direction incorporates a number of…

Ontario Government Announces ORPP Implementation Details

· 1 min read

On August 11, 2015, the Ontario government released new details about the Ontario Retirement Pension Plan (“ORPP”) and its implementation. As previously reported, the ORPP was announced in the 2014 Ontario Budget. A consultation paper entitled “Ontario Retirement Pension Plan: Key Design Questions” was released in December, 2014 for public comment. In particular, the paper…

ORPP: Ontario Government Announces Implementation Details

· 10 min read

Editor’s Note: Following publication of this communication, the Ontario government announced that the first wave of ORPP implementation will be delayed by one year to January 1, 2018. Please be sure to read our FTR Now of February 17, 2016 for updated information on this significant development, or contact your regular Hicks Morley lawyer for…

Hicks Morley Lawyer Recognized in Who’s Who Legal: Management Labour & Employment 2015

Hicks Morley congratulates Stephen Shamie  for once again being recognized as leaders in management labour and employment law in Who’s Who Legal: Management Labour & Employment 2015. Published since 1996, Who’s Who Legal recognizes the foremost legal practitioners in 34 areas of business law. Peer and client evaluations support the research of this publication to…

FSCO Invites Public Consultation on Recent Changes to SIPP Requirements

· 2 min read

On June 30, 2015, the Financial Services Commission of Ontario (“FSCO”) posted Investment Guidance Notes on Environmental, Social and Governance Factors (ESG) and Statements of Investment Policies and Procedures (SIPPs) for Member Directed Defined Contribution Plans for public consultation prior to being finalized. Investment Guidance Notes set out the expectations of FSCO regarding the investment…

Union Financial Disclosure Bill Receives Royal Assent

· 1 min read

On June 30, 2015, Bill C-377, An Act to amend the Income Tax Act (requirements for labour organizations), received Royal Assent. Bill C-377, a private member’s bill, requires unions to file certain financial information with the Canada Revenue Agency (“CRA”) within six months from the end of each fiscal period. Among other things, information to…

Draft Regulations Governing Transfers and Conversions to JSPPs under Sections 80.4 and 81.0.1 of Pension Benefits Act Published

· 2 min read

On June 26, 2015, the Ontario government published draft regulations (the “Draft Regulations”) setting out the proposed rules governing the merger or conversion of single employer pension plans (“SEPPs”) to jointly sponsored pension plans (“JSPPs”) in the broader public sector (“BPS”). The draft regulations will support sections 80.4 and 81.0.1 of the Pension Benefits Act…