ArticleQuebec Budget Considers Voluntary Retirement Savings PlansOn March 20th, the Quebec government introduced its 2012-2013 Budget. CanadaEmployment and HROsler, Hoskin & Harcourt LLP
ArticleQuebec Pension Plan Enhancements: Increased Employer Contributions In SightOn November 2, 2017, Quebec's Minister of Finance, Carlos Leitão, tabled Bill 149, An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions (Bill) ...CanadaEmployment and HRBlake, Cassels & Graydon LLP
ArticleQuebec Releases Draft Voluntary Retirement Savings Plan RegulationsThe Quebec government released draft regulations that are required to complete the new legal framework for the establishment of VRSPs.CanadaEmployment and HROsler, Hoskin & Harcourt LLP
ArticleRecommendations From Ontario´s Expert Commission On PensionsThe long-awaited report by the Ontario Expert Commission on Pensions, A Fine Balance: Safe Pensions, Affordable, Fair Rules, was released on November 20, 2008. CanadaEmployment and HRDentons Canada LLP
ArticleSupplemental Pension Plans Secured With A Letter Of Credit May Soon Receive Much Anticipated Refundable Tax ReliefOn November 30, 2023, the federal government introduced Bill C-59, Fall Economic Statement Implementation Act, 2023 (Bill C-59), which included proposed amendments to the Income Tax Act...CanadaEmployment and HRBennett Jones LLP
ArticleSupreme Court Of Canada To Hear Indalex AppealThe Supreme Court of Canada has granted leave to appeal the decision of the Ontario Court of Appeal in "Re Indalex". CanadaEmployment and HROsler, Hoskin & Harcourt LLP
ArticleThe Perils Of Poor Pension Plan GovernanceSimilar to corporate governance, good retirement plan governance is designed to ensure that the retirement plan is operating well and paying the benefits it promised to its members.CanadaEmployment and HRTorys
ArticleThe Supreme Court Sides With Employer In The Kerry CaseThe August 7, 2009 decision of the Supreme Court of Canada in the Kerry decision relating to pension plans essentially upholds the findings of the Ontario Court of Appeal from 2007. CanadaEmployment and HRMcCarthy Tétrault
ArticleTime For A Pension Intervention?On January 21, 2011, the Office of the Superintendent of Financial Institutions (OSFI) issued a Guide to Intervention for Federally Regulated Private Pension Plans. CanadaEmployment and HRStikeman Elliott LLP
ArticleTime For A Pension Intervention?On January 21, 2011, the Office of the Superintendent of Financial Institutions (OSFI) issued a Guide to Intervention for Federally Regulated Private Pension Plans. CanadaEmployment and HRStikeman Elliott LLP
ArticleToo Many Spouses Or No Spouse: Pension Entitlements On The Death Of A MemberThe recent Ontario Court of Appeal decision in Carrigan v. Carrigan Estate has caught the administrators of pension plans governed by the Pension Benefits Act (Ontario) by surprise. CanadaEmployment and HRBorden Ladner Gervais LLP
ArticleUpdate re Indalex Limited: New Pension Deficiency Wrinkles For FinanciersOn December 1, 2011, the Supreme Court of Canada (the "SCC") agreed to hear an appeal of the landmark Ontario Court of Appeal decision in the restructuring proceedings of Indalex Limited ("Indalex") under the Companies’ Creditors Arrangement Act. CanadaEmployment and HRMcMillan LLP
ArticleUpdate To Federal Pension Rules May Relieve Solvency Funding Issues For Plan SponsorsThe federal government is looking to update the Pension Benefits Standards Regulations, 1985 with the intention to help plan sponsors locate lost beneficiaries and simplify plan wind ups.CanadaEmployment and HRTorys
ArticleWelcome Clarification For Plan Administrators On Pension Investment RestrictionsThe Canada Revenue Agency ("CRA") recently revisited its position on the application of the quantitative limits applicable under pension laws.CanadaEmployment and HRBorden Ladner Gervais LLP
ArticleWorkers And VRSPs – Obligations Will Soon Be Enforceable For Certain EmployersThrough the Voluntary Retirement Savings Plans Act, the Québec government aimed at making sure all workers who did not participate in a RSP plan at their workplace had the opportunity to do so.CanadaEmployment and HRNorton Rose Fulbright Canada LLP
ArticleCTV Interview: Grey Divorce In Canada: Why More Couples Are Separating Later In Life (Video)Grey divorce—separation after age 50—is becoming increasingly common in Canada, bringing complex legal and financial challenges that differ significantly from traditional divorces. With retirement savings, pension division, and long-term financial stability at stake, understanding your legal rights and options is crucial when navigating a late-life separation.CanadaFamily and MatrimonialWatson Goepel LLP
ArticleLegal And Industry Opposition To U.S. Fiduciary Rule May Be A Harbinger Of Developments In Canada With Proposed Introduction Of Best Interest StandardIn their complaint, the plaintiffs allege that the DOL lacked jurisdiction to make the Fiduciary Rule which they say will harm, rather than protect, retirement investors.CanadaFinance and BankingOsler, Hoskin & Harcourt LLP
ArticleMore Traps For The Unwary: Life Income Funds And Freedom Of Willing: Who Gets The Money?In the recent case of Trachy v. BMO Nesbitt Burns [2019] QCCS 213, the children of the deceased took the position that the balance of a life income fund, an amount of $1.5 million, devolved to them as part of the mass of an estate, ...CanadaFinance and BankingSpiegel Sohmer
ArticleAre You A RRIF Holder? Consider The New Minimum Withdrawal AmountsEach year, Registered Retirement Income Fund (RRIF) holders must withdraw a required minimum amount, which is then taxed as income in the year of withdrawal.CanadaTaxGrant Thornton
ArticleFederal Government Targeting Independent Contractor Arrangements With Road Transportation WorkersBusinesses in the trucking industry may soon face increased scrutiny from the Federal Government respecting the classification of drivers as independent contractorsCanadaTaxMiller Thomson