On April 8, 2019, the federal government introduced Bill C-97, Budget Implementation Act, 2019, No. 1, for first reading. Bill C-97 is omnibus legislation enacting certain measures outlined in the 2019 Federal Budget. Below are some of the key amendments of interest to employers, pension plan administrators and human resources professionals.
Tag: Canada Pension Plan (CPP)
The Lawyer’s Daily Publishes an Article Authored by Natasha Monkman and Alyson Frankie on Addressing Salary Overpayments
LexisNexis Canada’s The Lawyer’s Daily published an article authored by Hicks Morley’s Natasha Monkman and Alyson Frankie titled, “Navigating New Options Proposed for Addressing Salary Overpayments.”
Federal Government Proposes Legislative Amendments to Address Salary Overpayments
On January 15, 2019 the federal government announced proposed amendments to the Income Tax Act (ITA), Employment Insurance Act (EI Act) and Canada Pension Plan (CPP) that would more readily facilitate the correction of salary overpayments made to employees.
Federal Government Issues Fall Economic Statement
On November 21, 2018, the federal government issued its Fall Economic Statement 2018, “Investing in Middle Class Jobs” (Statement). Among other things, the Statement: reiterates the Budget 2018 commitment of an evidence-based approach towards addressing retirement security and announces that targeted consultations will soon be launched as the government continues to explore ways to enhance…
Workplace Law in Canada: A Primer
This Guide provides American employers with an introduction to employment laws and regulations that affect businesses in Canada. It outlines an overview of the main differences between Canadian and U.S. workplace laws.
Quebec Passes Legislation to Mirror CPP Enhancements and Makes Changes to its Pension Legislation
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…
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…