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ARTICLE · 12 APRIL 2011

Ontario And Quebec Provincial Budgets Include Pension Proposals

Blake, Cassels & Graydon LLP
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On March 29, 2011, the Honourable Dwight Duncan tabled the 2011 Ontario Budget, Turning the Corner to a Better Tomorrow (Budget).

CanadaEmployment and HR
Pension & Employee Benefits Group
Pension & Employee Benefits Group
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Copyright 2011, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Pension & Employee Benefits, April 2011

Ontario

On March 29, 2011, the Honourable Dwight Duncan tabled the 2011 Ontario Budget, Turning the Corner to a Better Tomorrow (Budget). The Budget confirms the Ontario government's commitment to ongoing pension reform and will be of interest to sponsors, administrators and members of Ontario-registered pension plans.

Specifically, the Budget reiterates many of the recent Ontario pension changes contained in Bills 120 and 236 (the Pension Reform Legislation) which amend the Pension Benefits Act (Ontario) (the PBA). The Budget confirms the government's intention to enact the outstanding regulations in connection with the Pension Reform Legislation, although no time-frame is given, and also indicates that the government is willing to consider additional measures related to the recommendations made by the Ontario Expert Commission on

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