Federal Government Introduces Changes to the Canada Emergency Wage Subsidy

On June 10, 2020, the federal government introduced Bill C-17, An Act respecting additional COVID-19 measures (Bill C-17). Among other changes, if passed in its current form, Bill C-17 would amend the Income Tax Act to revise the eligibility criteria for the Canada Emergency Wage Subsidy (CEWS).

Federal Government Postpones Changes to Stock Options

In June 2019, the federal government tabled a Notice of Ways and Means Motion to limit the benefit of the employee stock option deduction for high income individuals employed at large, long-established, mature organizations. Stakeholders were invited to provide input on the characteristics of small, growing companies that should not be subject to the new…

Ontario Bar Association (OBA): Pensions and Benefits 17th Annual Hot Spots

Experts discuss the evolving legal landscapes for defined contribution pension plans and group benefits, and how these changes will affect practitioners working in this legal area.  Faculty  will  also  review  changes  related  to  shared  risk  plans,  and  what  the  new  changes  mean  for consolidation in the pension sector. Agenda Topic Decumulation Options on the Horizon

Federal Government Tables 2019 Budget Bill

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.

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…