Effective April 1, 2011 and July 1, 2011, certain sections of the federal Jobs and Economic Growth Act (Bill C-9) and the Pension Benefits Standards Act, 1985 (“PBSA”) come into force. As previously reported, amendments to the PBSA which were brought into force effective April 1, 2011 include provisions: permitting plan sponsors to secure letters…
Tag: Bill C-9 – Budget 2011
Federal Pension Regulations in Effect April 1, 2011
On April 1, 2011, regulatory amendments to the Pension Benefits Standards Regulations, 1985 will come into force. These amendments support the changes to the Pension Benefits Standards Act, 1985 (PBSA) made by Bill C-9, which is discussed here. As previously reported, these amendments will: permit plan sponsors to secure properly structured letters of credit in…
Federal Budget Bill Receives Royal Assent
On Monday, July 12, 2010, Bill C-9, the Jobs And Economic Growth Act, received Royal Assent. As previously reported, Bill C-9 was introduced on March 29, 2010 and is omnibus legislation that amends various Acts to implement certain key measures outlined in the federal government’s 2010 Budget. Amendments to the Pension Benefits Standards Act (“PBSA”)…
Federal Budget Bill Carries at Second Reading, Sent to Committee
On April 19, 2010, Bill C-9, the Jobs And Economic Growth Act, carried at Second Reading and was referred to the Finance Committee. Introduced on March 29, 2010, Bill C-9 is omnibus legislation designed to amend various Acts and implement certain key measures outlined in the federal government’s 2010 Budget. In part, the Bill outlines…