Tag: Defined Contribution

Update on Ontario’s Retirement Reforms and Initiatives

· 6 min read

On Thursday, November 7, 2013, Ontario’s minority government released its economic outlook and fiscal review, titled Creating Jobs and Growing the Economy (the “Economic Outlook”). The Economic Outlook updates and also expands upon legislative and other reform initiatives that had previously been announced. In this FTR Now, we review the key retirement-related updates and developments…

Susan Nickerson Featured in Benefits and Pensions Monitor

On May 10, 2013, Benefits and Pensions Monitor featured commentary from Susan Nickerson in the Daily News Alerts with respect to her resent presentation at the Eckler Ltd. ‘Reality Check: Coming to Grips with the Future of Capital Accumulation Plans in Canada’ seminar. In the session ‘Lessons from U.S. Experience’, Susan stresses that Canadian defined…

Federal Budget Reintroduced June 6, 2011

· 2 min read

On June 6, 2011, the Minister of Finance, the Honourable James M. Flaherty, reintroduced the Government of Canada’s “Budget 2011, the Next Phase of Canada’s Economic Action Plan—A Low-Tax Plan for Jobs and Growth.” In this FTR Now we provide a brief overview of the Budget highlights. As anticipated, the Budget includes all of the…

A Roadmap to Federal Pension Reform

· 21 min read

On April 1, 2011, amendments to the Pension Benefits Standards Regulations (“PBSR“) came into effect that alter the rules regarding the funding and operation of pension plans governed by the Pension Benefits Standards Act, 1985 (“PBSA“). Since 2009, the Federal Government has taken a number of steps to reform the PBSA and the PBSR. This…

Federal Government to Overhaul Federal Pension Laws

· 9 min read

On October 27, 2009, the Honourable Jim Flaherty, Minister of Finance, announced proposed changes to the federal Pension Benefits Standards Act, 1985 (“PBSA”) and the associated Regulations. The PBSA and Regulations apply to pensions provided to employees employed in shipping, railway, air transportation, radio broadcasting, banks and other businesses within the legislative authority of the…