On October 21, 2021, the federal government announced that two key pandemic programs, the Canada Recovery Benefit (CRB) and the Canada Emergency Wage Subsidy (CEWS), would not be extended past October 23, 2021. It has proposed extending the Canada Recovery Hiring Program (CRHP)—with narrowed criteria—to May 7, 2022. It also plans to introduce two new programs—The Tourism and Hospitality Recovery Program and the Hardest-Hit Business Recovery Program—that would provide rent and wage subsidies, as well as lockdown support for a targeted set of businesses and organizations, until May 7, 2022, with the possibility of extension until July 2, 2022. The details of the two programs are set out in the Backgrounder, “Targeting COVID-19 Support Measures.”
Practice Area: Pensions, Benefits & Compensation
Proposals to Ease Regulatory Burdens for Administrators of Defined Contribution Pension Plans
On October 7, 2021, the Ontario government released draft amendments to Ontario Regulation 909 under the Pensions Benefits Act, which will eliminate certain prescribed requirements for administrators of Defined Contribution (DC) pension plans. In this FTR Now, we highlight the key details of these proposed changes that will be of significant interest to administrators of…
Appellate Court Considers Employee’s Entitlement to Incentive Compensation in Light of Ocean Nutrition; Majority Affirms Original Decision
In Manastersky v. Royal Bank of Canada, a majority of the Ontario Court of Appeal confirmed its earlier finding that a trial judge had erred when he found a former executive was presumptively entitled to incentive compensation during the reasonable notice period. Background Facts During his employment with RBC Dominion Securities Inc. (RBCDS), Mr. Manastersky…
Extension of the Canada Emergency Wage Subsidy and Introduction of the Canada Recovery Hiring Program – A Summer Refresher
On June 29, 2021, Bill C-30, Budget Implementation Act, 2021, No. 1 (Bill C-30) received Royal Assent, giving effect to many of the initiatives found in the federal government’s 2021 Budget (see our FTR Now of April 23, 2021). Bill C-30 sets out the proposed amendments to the Income Tax Act (ITA) supporting the extension…
Proposed New PBGF Disclosure Requirements
On April 15, 2021, the Ontario government released draft amendments to Ontario Regulation 909 under the Pension Benefits Act (PBA), which provide new details of the Pension Benefits Guarantee Fund (PBGF) reporting requirements that will soon apply to registered pension plan administrators with Ontario members. In this FTR Now, we highlight the key details of…
We Welcome Four New Associates to the Firm
Hicks Morley is pleased to announce that four new associates have joined the firm in our Ottawa, Toronto and Waterloo Offices. Michael Babe is joining our colleagues and continuing his labour and employment practice in Hicks Morley’s Ottawa office. Michael looks forward to serving our clients and providing support to them on a wide range…
Ontario Tables 2021 Budget
On March 24, 2021, the Ontario government tabled its 2021 Budget, Ontario’s Action Plan: Protecting People’s Health and Our Economy (Budget), and introduced supporting implementation legislation, Bill 269, Protecting the People of Ontario Act (Budget Measures), 2021. In this FTR Now, we highlight certain aspects of the Budget that are of broad interest to…
Clare Wooland
Clare Wooland is a pensions, benefits and compensation lawyer in Hicks Morley’s Toronto office. She provides strategic and practical advice to employers and administrators on the regulatory, governance, taxation and human resources aspects of retirement, group benefits and incentive compensation arrangements.
CPBI Ontario Canadian Pension Certificate Program Online
Overview Pensions and retirement savings used to be a relatively straightforward area for HR professionals. Not anymore. While still a very important element of employee compensation, the landscape of pension and retirement savings has become much more complex. Longer life expectancies and workplace demographics that often skew toward the more mature end of the spectrum are…
Advantage CPD: University Faculty Bargaining – Hot Topics Webinar
2021 is a big year for faculty bargaining in the University sector. To ensure you are ready, we have put together a webinar that flags the hot topics in the sector as you prepare to head to the bargaining table.