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ARTICLE · 01 MAY 2020

FAQs: Canadian Pension Plans And COVID-19

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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With respect to employer contributions to a DC pension plan, the Income Tax Act (ITA) has required that an employer contribute at least one per cent of earnings to a DC pension plan.

CanadaEmployment and HR

Jeremy Forgie and Kathy Bush of our Pensions, Benefits & Executive Compensation group have set out below answers to some frequently asked questions that our pension clients have faced in light of the COVID-19 outbreak and the effect on Canadian business and pension arrangements.

The Pensions, Benefits & Executive Compensation group has published a series of bulletins and alerts to keep you up to date on the many changes which have happened very quickly in the last month.

In addition, the Pensions, Benefits & Executive Compensation group will be releasing a podcast next week and publishing an accompanying comprehensive bulletin dealing with pension, benefits and wage replacement/subsidy issues, so we will not address those issues in this FAQ.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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