ACPM Ontario Council: Decumulate or Bust?

Overview Employees are working and living longer than ever before. Decumulation affects both Defined Benefit and Defined Contribution plan members, with both fixed life income products and flexible decumulation products having their advantages and disadvantages. Retirement age and the options for decumulation affect employee behaviour and ultimately the workplace. Our panel will discuss the recent…

Federal Budget 2019 – Something for (Almost) Everyone?

On March 19, 2019, the federal government tabled its 2019 Budget, “Investing in the Middle Class.” This is an election year, and there is a wide array of initiatives sprinkled throughout the Budget, covering many groups and sectors. There is something for (almost) everyone. In this FTR Now, we focus on the key employment, labour, executive compensation, pension and employee benefits announcements of most interest to employers, human resources professionals, plan sponsors and administrators.

Early Effective Date Announced for New Federal Parental Sharing Benefit

The government has announced that the new federal Parental Sharing Benefit will launch on March 17, 2019. As we previously reported, the 2018 federal Budget (Budget) proposed to establish an additional Parental Sharing Benefit with the goal of encouraging parents to share Employment Insurance (EI) benefits. The intended goal of this reform was to allow…

2018 Federal Budget Bill Passes

On June 21, 2018, Bill C-74, the Budget Implementation Act, 2018, No. 1, received Royal Assent. Bill C-74 is omnibus legislation enacting some of the measures outlined in the 2018 Federal Budget. Among other things,  it includes amendments to the following: Employment Insurance Act, to permanently implement the Working While on Claim pilot project; Canada…

Federal Budget 2018

On February 27, 2018 the federal government tabled its 2018 Budget, Equality & Growth: A Strong Middle Class (Budget). The Budget contains several key initiatives, including a new Employment Insurance parental sharing benefit, the permanent extension and expansion of the Employment Insurance Working While on Claim pilot project…

2018 Federal Budget Tabled

On February 27, 2018, the federal government tabled its Budget 2018, Equality + Growth:  A Strong Middle Class. We are currently reviewing the Budget and an FTR Now which highlights initiatives of particular interest to employers, human resource professionals and pension plan administrators will be available shortly on our website. (Editor’s Note: Our FTR Now,…

Regulations Amending the Employment Insurance Regulations Released

Significant amendments to the Employment Insurance Regulations have been filed and were published in the Canada Gazette on November 15, 2017 to implement the availability of Employment Insurance (EI) benefits for the care of critically ill adult family members and the option to extend parental leaves, initiatives outlined in the 2017 Federal Budget. The changes…

Federal Government Introduces Changes to Canada Labour Code

On October 27, 2017, the federal government introduced Bill C-63, Budget Implementation Act, 2017, No. 2, its second budget implementation bill relating to Budget 2017. Budget implementation bills are a means for the government to follow through with the legislative changes required to bring budget commitments into effect. In addition to changes to the Income…

Federal Budget Implementation Legislation Introduced

On April 11, 2017, the federal government introduced Bill C-44, the Budget Implementation Act, 2017, No. 1, omnibus legislation that would enact various measures outlined in its 2017 Budget. The accompanying Department of Finance Backgrounder indicates that Bill C-44 would, among other things, amend the Employment Insurance Act to: allow parents to choose to receive Employment…