Summer 2021 Is Almost Over: Pensions & Benefits Update

Over the summer months, the Blakes team has been closely monitoring both federal and provincial legislative and regulatory updates. Our bulletin provides pertinent information in this regard.

This bulletin discusses:

Ontario

• Guidance on Plan Administrators Roles and Responsibilities
• Calculation of Pension Benefit Guarantee Fund Exposure
• Refund Of Overcontributions

Manitoba

• Amendments to The Pension Benefits Act

Department of Finance (Canada)

• Fixing Contribution Errors in Defined Contribution Pension Plans

 
In addition to the updates discussed in this bulletin, there have been many legislative and regulatory changes across Canada in 2021. While we have outlined certain notable updates in various Blakes insights as they have arisen, we have prepared an infographic that provides a high-level summary of the key changes across the country. We will continue to update the infographic as further legislative and regulatory