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ARTICLE · 21 FEBRUARY 2025

Raising The Bar: Updated Capital Accumulation Plan Guidelines Increase Plan Sponsor Obligations

Osler, Hoskin & Harcourt LLP
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For those organizations that offer their employees defined contribution retirement and/or savings plans, a very noteworthy event occurred in 2024...

CanadaEmployment and HR
Paul Litner
Paul Litner
Jonathan Marin
Jonathan Marin
Alex Galiyash
Alex Galiyash
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For those organizations that offer their employees defined contribution retirement and/or savings plans, a very noteworthy event occurred in 2024, one which potentially carries significant legal and regulatory implications for plan sponsors and others involved in the governance and administration of such plans.

On September 9, 2024, for the first time in more than 20 years, the Canadian Association of Pension Supervisory Authorities (CAPSA) released a revised Guideline No. 3 – Guideline for Capital Accumulation Plans (the CAP Guidelines). The revised CAP Guidelines replace the original (2004) version and adopt a much more expansive and prescriptive approach to regulating capital accumulation plans (CAPs).

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