An article authored by Hicks Morley’s Jennifer Del Vecchio was published in the March 2014 edition of the American Bar Association’s International Labor & Employment Law Committee Newsletter. The article entitled, “Supreme Court of Canada Authorizes Québec Class Action Regarding Reduction of Retiree Benefits” discusses the Supreme Court of Canada’s decision in Vivendi Canada Inc. v….
Tag: Retiree Benefits
Taxation Rules for Lump Sum Amounts Received in Lieu of Benefits Coverage
In June, 2011, the Canada Revenue Agency (“CRA”) announced new rules governing lump sum payments made to employees or retirees in lieu of their healthcare coverage. These new rules, which come into effect on January 1, 2012, followed the announcement in the 2011 federal Budget that CRA was re-examining its position on these payments (see…