Latest news in Governance/legislation

Why we will no longer retire early

Why we will no longer retire early

By 2029, Old Age Security (OAS) will not become payable until age 67. After nearly half a century of improvements in government retirement programs, this…

OAS age won’t disrupt retirement plans: CIBC

Many Canadians aged 45 to 54, the first age group to be affected by the OAS age increase proposed by the government, were already planning…

  • By: Katie Keir
  • April 5, 2012 September 13, 2019
  • 09:53
OAS changes following global trend

OAS changes following global trend

Last night the federal government accounted it was raising the eligibility age for Old Age Security (OAS) from 65 to 67. But Canada’s not the…

Industry reacts to Budget 2012

Industry reacts to Budget 2012

Several organizations have started to release their comments regarding this year's federal budget. Here's a summary of what they had to say.

  • By: Katie Keir
  • March 29, 2012 September 13, 2019
  • 18:15
OAS delay may be catalyst to change

OAS delay may be catalyst to change

As was widely expected, today’s federal budget announcement included a plan to increase Old Age Security (OAS) eligibility for Canadians from the current age of…

  • By: Neil Faba
  • March 29, 2012 September 13, 2019
  • 18:05
Budget delays OAS eligibility to 67

Budget delays OAS eligibility to 67

The federal government hiked the eligibility age for Old Age Security (OAS) to 67 from 65 reflecting the reality that Canadians are living longer and…

  • By: Doug Watt
  • March 29, 2012 September 13, 2019
  • 15:47
Budget shines spotlight on retirement

Budget shines spotlight on retirement

The federal budget contains a number of measures relating to public pensions, public sector pensions and private retirement saving.

Ontario budget introduces major pension changes

Ontario budget introduces major pension changes

Ontario’s minority government released its budget for the 2012-2013 fiscal year yesterday. The budget announces a number of measures that are expected to have a…

Ontario targets public sector pensions

Public sector pensions are one of the factors Ontario is eyeing as it attempts to tackle a $15.3-billion deficit that’s left the province’s credit rating…

Ontario casts doubt on PRPPs

Ontario casts doubt on PRPPs

In the provincial budget tabled yesterday, the Ontario government stated that it has several concerns with the federal model of pooled registered pension plans (PRPPs)…

Delaying retirement: The debate carries on

Delaying retirement: The debate carries on

Canadians are staying in the workforce longer, but whether that’s a good or bad thing depends on whom you ask.

Inspiration: How Malcolm Hamilton helped reform Canada’s pension system

Inspiration: How Malcolm Hamilton helped reform Canada’s pension system

A passion for using Excel files to model financial trends led Toronto-based Malcolm Hamilton to the uncomfortable realization, in the mid-1990s, that DB plans were…

Where I was when… Enactment of the PPA

In August 2006, President George W. Bush signed the Pension Protection Act (PPA) into law. For Douglas Fisher, senior vice-president of benefit policy development and…

Quebec offers (at last!) PRPP leadership

Quebec offers (at last!) PRPP leadership

Yesterday, the Quebec government tabled its 2012 budget, which included detailed provisions for the voluntary retirement savings plan (VRSP). The VRSP is Quebec’s version of…

  • By: Greg Hurst
  • March 21, 2012 September 13, 2019
  • 13:33
Industrial Alliance to offer VRSPs

Industrial Alliance to offer VRSPs

Industrial Alliance has announced that it plans to offer voluntary retirement savings plans (VRSPs), starting on the Quebec government's target date of Jan. 1, 2013.

  • By: Staff
  • March 21, 2012 September 13, 2019
  • 08:40
Quebec unveils VRSP details

Quebec unveils VRSP details

Quebec has announced it will introduce voluntary retirement savings plans (VRSPs), targeted at small and medium-sized enterprises and the self-employed. VRSPs will be similar to…

Scrap Ontario’s PBGF: Fraser Institute

Scrap Ontario’s PBGF: Fraser Institute

Ontario should scrap its Pension Benefits Guarantee Fund (PBGF) in favour of a less risky alternative, says a new report from the Fraser Institute, entitled…

  • By: Staff
  • March 20, 2012 September 13, 2019
  • 12:13

Canadians don’t want OAS changes: Poll

Don’t sacrifice pensions. That’s the message from Canadians according to a new Ipsos Reid poll done for Postmedia News and Global TV.

  • By: Staff
  • March 19, 2012 September 13, 2019
  • 09:27
Are you ready for Dodd-Frank?

Are you ready for Dodd-Frank?

In the wake of the recent financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in July 2010.

C.D. Howe head recommends OAS changes

Ottawa should move to reform seniors' benefits by letting recipients choose richer payments, later, from the Old Age Security and Guaranteed Income Supplement programs if…

  • By: Staff
  • March 13, 2012 September 13, 2019
  • 10:17
N.S. exempts universities from solvency test

N.S. exempts universities from solvency test

The Nova Scotia government has announced it’s making a change to provincial pension regulations in order to help flailing Dalhousie University.

Governing your pension plan

Governing your pension plan

Pension standards legislation in Canada allows an employer to act as the administrator of its single employer pension plan. However, as a plan administrator, an…

OAS and age: When are we old?

OAS and age: When are we old?

Back in December, the federal government eliminated the last vestiges of mandatory retirement in Canada. It did this by repealing the sections of the Canadian…

OSFI updates letters of credit FAQs

OSFI updates letters of credit FAQs

The Office of the Superintendent of Financial Institutions has updated its frequently asked questions regarding letters of credit.

  • By: Staff
  • February 28, 2012 September 13, 2019
  • 10:17
Could tax-free plans solve the pension puzzle?

Could tax-free plans solve the pension puzzle?

Prime Minister Stephen Harper put pensions on the front page with his announcement on Jan. 23, 2012, that the federal government is considering reducing the…