On February 21, 2018, Bill 149, An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions, was passed by the Quebec legislature. QPP Enhancements As outlined in our previous update, Bill 149 enhances the Quebec Pension Plan (QPP), in a manner similar to the forthcoming enhancements to the Canada Pension…
Tag: Canada Pension Plan (CPP)
Quebec Proposes to Mirror CPP Enhancements
On November 2, 2017, the Quebec government introduced Bill 149, An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions. Among other things, Bill 149 will enhance the Quebec Pension Plan (QPP), in a manner similar to the forthcoming enhancements to the Canada Pension Plan (CPP) outlined in our FTR…
Stephanie Kalinowski Quoted in CBC News on Pension Plans and Corporate Bankruptcy: Why Pensioners Aren’t First in Line
The news of retailer Sears filing for bankruptcy has sparked a conversation about the future of pension plans which are not fully funded, when an employer goes under. Canadian law does not prioritize pensioners with regard to dividing up assets during bankruptcy proceedings.
What Does the Future Hold? The CPP Enhancement
The first major re-design of the CPP in many years is set to be phased in starting in 2019 when higher employer and employee contributions kick in. The stated intention of the enhancement is to boost retirement income in light of concerns that Canadians are not saving enough for retirement, but the full effect of the enhancement won’t be felt until the next generation of workers retires…
Stephanie Kalinowski Quoted in Benefits and Pensions Monitor and Benefits Canada on the CPP Enhancement
Hicks Morley’s Stephanie Kalinowski presented at the ACPM regional council’s session ‘What Does The Future Hold? The CPP Enhancement’ yesterday and was featured in today’s Benefits and Pensions Monitor as well as Benefits Canada news. Stephanie said employers need to educate themselves and their key stakeholders about the implications of the enhancement for themselves and…
Advantage CPD: The Future is Now – Pensions & Benefits Remastered
In this session, we will provide clients with information and strategies to assist them in their roles as employers or plan administrators to plan for key near term changes relating to pensions and benefits…
Henry Dinsdale and Stephanie Kalinowski Mentioned in Benefits and Pensions Monitor on CPP Enhancement
Hicks Morley’s Henry Dinsdale and Stephanie Kalinowski were mentioned in the October 28, 2016 Benefits and Pensions Monitor Daily News Alert titled “CPP Enhancement Offers Opportunity.” The alert summarizes the CPP – The Next Generation Advantage session…
Federal Post – Fourth Edition
We are pleased to bring you the final 2016 edition of the Federal Post, our newsletter designed exclusively for federally regulated employers…
Expanded CPP: The Next Generation
Legislative reforms have now been tabled to implement the much-anticipated expanded Canada Pension Plan (CPP) for Canadians. Find out what may be coming next – and what your organization should be doing now to prepare for it…
Federal Government Introduces Amending Legislation to Support CPP Enhancement
On October 6, 2016, the federal government introduced Bill C-26, An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, new omnibus legislation to support Canada Pension Plan (CPP) enhancement. If passed, Bill C-26 would, among other things, amend the CPP to: increase the maximum…