2012 Basic Rate Set By Superintendent of Financial Institutions

On September 7, 2011, the Office of the Superintendent of Financial Institutions set the basic rate for the Office year beginning on April 1, 2012 at $18.00, pursuant to section 25 of the Pension Benefits Standards Regulations, 1985. This rate applies to the fees paid by federally regulated pension plans with a year-end between October…

Nursing Act Amendments, Regulation To Expand Permissible Procedures

On August 19, 2011, the Ontario government filed regulatory amendments under the Nursing Act, 1991 that, in part, expand the range of procedures that may be provided by registered nurses who hold an extended certificate of registration in accordance with the regulations.  O. Reg. 387/11 and parallel amendments to the Act will expand the ability…

Federal Consultations On Employee Profit Sharing Plan Tax Rules

On August 30, 2011, the federal government released a paper outlining proposed tax rules governing Employee Profit Sharing Plans (“EPSPs”) for public consultation, in furtherance of initiatives first announced in its 2011 Budget. Specifically, the government is seeking stakeholder input on the following issues: eligibility of non-arm’s length employees / “related persons” to participate in…

Federal Government Launches EI Consultations

On August 18, 2011, the federal government announced the launch of Employment Insurance (“EI”) rate-setting consultations, and released a related consultation paper. The EI consultations are intended to enhance delivery of benefits, and increase overall premium stability. Individuals and stakeholders may participate in the web-based consultation process online, or via email before November 30, 2011.

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…

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…