On April 7, 2013, certain amendments to the Employment Insurance Act (“EI Act”) made by the federal government’s Budget 2012 legislation, Jobs, Growth and Long-term Prosperity Act, will come into force and create a new benefit rate calculation for employment insurance benefits. As of April 7, 2013, the calculation of the benefit rate of most…
Practice Area: Pensions, Benefits & Compensation
Natasha Monkman Quoted in the Financial Post
Hicks Morley’s Natasha Monkman was quoted in the March 28, 2013 edition of the Financial Post. In an article entitled “Supreme Court of Canada refuses leave for appeal of Carrigan pension decision,” they comment on the Financial Services Commission of Ontario’s letter and state, “it remains to be seen whether there will be any policy…
Supreme Court Denies Leave in Carrigan
The Supreme Court of Canada will not be providing further clarification regarding the administration of pre-retirement death benefits under section 48 of the Ontario Pension Benefits Act (“PBA”). Today, the Court denied leave to appeal in Quinn v. Carrigan. As first discussed in our FTR Now “Ontario Court of Appeal Decision Rewrites the Pension Pre-Retirement…
Federal Budget 2013
On March 21, 2013, the Minister of Finance, the Honourable James M. Flaherty, tabled the 2013 Federal Budget “Jobs, Growth and Long Term Prosperity – Economic Action Plan 2013.” In this FTR Now we review those Budget items that are of most interest to employers, human resources professionals and pension plan administrators. These include: Amendments…
Federal Budget 2013 Highlights
On March 21, 2013, the federal government tabled its Budget 2013, Jobs Growth and Long Term Prosperity – Economic Action Plan 2013. Some of the highlights of interest to employers and pension plan administrators include: simplified GST/HST pension plan rules for employers; amendments to the Income Tax Act to permit the correction of reasonable pension…
B.C. PRPP Legislation Does Not Proceed Past First Reading
As previously reported, the British Columbia government tabled Bill 16, Pooled Registered Pension Plans Act on February 28, 2013. With the adjournment of the Legislature on March 14, 2013 in anticipation of the May 14, 2013 provincial election, Bill 16 did not proceed past First Reading. Once the Legislature dissolves prior to the election, Bill…
Hicks Morley Recognized by Chambers Global 2013
Hicks Morley is pleased to announce it has been named in the Chambers Global 2013: The World’s Leading Lawyers for Business as a leading specialist practice for Employment & Labour and Pensions & Benefits in Canada. In commenting on the firm, sources have stated, “Hicks Morley always does an excellent job regarding labour matters.” “A…
Certain Old Age Security Amendments Contained in Federal Budget Bill Now in Force
The federal government has fixed March 1, 2013 as the day sections 449, 450 and 453 of the Jobs, Growth and Long-term Prosperity Act (“JGLPA”) come into force. These sections amend the Old Age Security Act to provide for automatic enrolment of eligible persons for Old Age Security (“OAS”) pensions, to allow an eligible person…
Amendments to SIN and Privacy Codes Contained in Federal Budget Bill Now in Force
The federal government has fixed March 1, 2013 as the day Division 7 Part 4, sections 304 to 308 and 310 to 312 and sections 685 and 687 to 695 of the Jobs, Growth and Long-term Prosperity Act (“JGLPA”) come into force. Division 7 Part 4 of the JGLPA consolidates the Privacy Codes of the…
British Columbia Introduces PRPP Legislation
On February 28, 2013, the government of British Columbia introduced Bill 16, Pooled Registered Pension Plans Act. If passed, Bill 16 would authorize pooled registered pension plans (“PRPPs”) to be made available to provincially-regulated employees and self-employed persons in British Columbia, subject to the requirements set out in the federal Pooled Registered Pension Plans Act…