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ARTICLE · 01 MAY 2024

Budget 2024: Pensions, Benefits And Employment Updates

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On April 16, 2024, the federal government released the 2024 Federal Budget, Fairness for Every Generation, along with supplementary information on tax measures.

CanadaEmployment and HR
Stephanie Kalinowski
Stephanie Kalinowski
Jenifer Elmy
Jenifer Elmy
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On April 16, 2024, the federal government released the 2024 Federal Budget, Fairness for Every Generation, along with supplementary information on tax measures. The Budget outlines several initiatives that will be of interest to employers and pension plan administrators. Additional details about these initiatives will be contained in legislation that will be released in the coming weeks and months, and we will provide further updates as more information becomes available.

What you need to know

  • A working group will examine the 30% rule and other pension investment opportunities. The Budget provides more insight into the federal government's goal of encouraging pension funds to invest in Canada and its plan to require federally regulated pension plans to disclose the jurisdictions in which their assets are invested.

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