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Although investment policy statements are not required by the U.S. Employee Retirement Income Security Act (ERISA), it is highly recommended that every 401(k) plan have one.

On December 4, 2024, the federal government published technical amendments to the Income Tax Regulations in the Canada Gazette.

"An Act to amend the Supplemental Pension Plans Act and other legislative provisions in order to reduce the effects of the financial crisis on plans covered by the Act" (“Bill 1”) was adopted by the Government of Quebec on January 15, 2009.

The Ontario Superior Court's recent decision in Marazzato v Dell Canada Inc. provides important guidance on two key issues: (1) the onus on employees to prove the pandemic's negative impact...

Employers would still be required to enter into written agreements with employees to have employees work excess hours and to average overtime hours worked.

As a result of today’s difficult economic times, many employers are evaluating their retirement programs and considering how they can reduce benefits.

The regulatory and governance regime surrounding pooled registered pension plans ("PRPP") continues to take shape.

On June 23, 2009, the Ontario Government announced the filing of Regulation 239/09 (the "Regulation") under the “Pension Benefits Act” (Ontario).

Following the recent provincial election, Ontario’s Liberal government re-introduced the budget bill which had been defeated during the last session of the legislature.

Many of you are undoubtedly dealing with a wide range of issues related to your workplace. Among the issues that may impact your employees and your obligations as an employer ...

Has your pension plan changed from a defined benefit to a defined contribution formula? If so, a recent Ontario case may be of considerable interest to you with respect to your funding practices.

In December 2013, Québec became one of the first provinces to legislate a type of a pooled registered pension plan ("PRPP") further to an initiative in this regard announced by the federal and provincial governments in 2010. The Québec PRPP is called a "Voluntary Retirement Savings Plan" or VRSP; however, as noted below, the Québec plan is not necessarily voluntary for employers.

The Ontario Court of Appeal in Dawe v. The Equitable Life Insurance Company of Canada, 2019 ONCA 512 ("Dawe") confirmed that 24 months constitutes ...

This bulletin provides a reminder with respect to the new funding rules for Ontario defined benefit (DB) pension plans that came into effect on May 1, 2018.

On July 18th, 2015, the Canada Revenue Agency ("CRA") announced changes to its registered pension plan review process, which will be based upon risk criteria.

Mistakes happen. Even in the best-run plans, occasional errors in estimating and calculating benefits are inevitable and sometimes they are caught only years after payments commenced.

A number of recent reports indicate why you may receive special scrutiny if your plan is selected for audit or investigation.