Ontario Passes PRPP Legislation

On May 26, 2015, Bill 57, the Pooled Registered Pension Plans Act, 2015, passed Third Reading, as amended by the Standing Committee on Social Policy. The Bill, which is awaiting Royal Assent, will come into force on a date to be named by proclamation. As we previously reported, pooled registered pension plans (“PRPPs”) are a…

Federal Government Announces Possible Canada Pension Plan Expansion

On May 26, 2015, the federal government announced that it will conduct public consultations regarding potential changes to the Canada Pension Plan (“CPP”) to allow Canadians to voluntarily contribute more.  No details were released at the time of the announcement.  We will continue to monitor any developments regarding a possible expansion of the CPP.

Alberta Extends Deadline for Filing Amendments Relating to EPPA Reform

As previously reported, the pension reforms in British Columbia will come into force on September 30, 2015. Amendments to plans registered in British Columbia which reflect the new legislative requirements must be filed by December 31, 2015.  While likely to follow suit, the Ontario pension regulator, the Financial Services Commission of Ontario, has not yet…

Employment Standards Enforcement Blitzes Announced for Ontario Workplaces

The Ontario Ministry of Labour has announced that it will do province-wide enforcement blitzes of workplaces that employ “new, young and vulnerable workers engaged in “precarious employment”” and temporary foreign workers to ensure that employers are complying with their obligations under the Employment Standards Act, 2000. The blitzes will take place from May 1 to…

B.C. Pension Reforms Effective September 30, 2015

Effective September 30, 2015, British Columbia’s new Pension Benefits Standards Act (“PBSA”) and supporting regulation, the Pension Benefits Standards Regulation (the “New Regulation”), will come into force, at last implementing key legislative changes originally passed by the British Columbia government in the spring of 2012. Plans must be administered to reflect the new legislative requirements…

2015 Ontario and Federal Budgets Released

On April 23, 2015, the Ontario government tabled the 2015 provincial Budget, “Building Ontario Up” (“Budget”) and Bill 91, Building Ontario Up Act (Budget Measures), 2015 (“Bill 91”), supporting omnibus legislation designed to implement some of the proposals contained in the Budget. We are in the process of reviewing the Budget and Bill 91, and…

FSCO Updates Form 1 (Pension Plan Registration), Asset Transfer FAQs

On April 7, 2015, the Financial Services Commission of Ontario (“FSCO”) published a revised Application for Registration of a Pension Plan, Form 1 and added new frequently asked questions for plan administrators (“FAQs”) with respect to Multi-Jurisdictional Pension Plan Asset Transfers, among other things.  The Form 1 has been updated to provide FSCO with additional…

Ontario Minimum Wage Increasing to $11.25 on October 1, 2015

On March 19, 2015, the Ontario government announced that the general minimum wage will increase from $11 to $11.25 per hour, effective October 1, 2015. A list of the new minimum wage rates for students, liquor servers, hunting and fishing guides and homeworkers is available on the Ministry of Labour’s website. Background information on the…

New Holiday Pay Provisions Now in Effect

As we reported in our January 2015 FTR Now, significant reforms to the general holiday pay provisions of Part III of the Canada Labour Code come into force effective March 16, 2015. Federally regulated employers are reminded that the amendments include the introduction of a new “holiday pay” formula and the elimination of certain qualifying requirements….