Latest news in Governance/legislation

Pension, CPP debate fires up readers

Pension, CPP debate fires up readers

The story we published yesterday regarding the outcomes of Tuesday night’s parliamentary “take note” debate on pension reform—Parties joust over pension reform in “take note”…

Actuarial standards are changing in 2011: Part 2

During late 2008 and early 2009, the Actuarial Standards Board promulgated several changes to the Standards of Practice for Pension Plans (SPPP) applicable for any…

CFIB report: higher payroll taxes to boost CPP would kill jobs, harm economy

CFIB report: higher payroll taxes to boost CPP would kill jobs, harm economy

The Canadian Federation of Independent Business (CFIB) has released a new study simulating the economic impact of recent calls to boost Canada Pension Plan (CPP)…

  • By: Staff
  • November 25, 2010 September 13, 2019
  • 00:00
Outsourcing pension responsibilities: what you need to know

Outsourcing pension responsibilities: what you need to know

During the life of a pension plan (irrespective of type and size), there are bound to be times when the plan administrator considers delegating some…

Actuarial standards are changing in 2011

The actuarial standards applicable to virtually all defined benefit (DB) pension plans in Canada are undergoing two distinct changes in 2011. These updates will affect…

Pension debate scheduled for Tuesday

Pension debate scheduled for Tuesday

Government House Leader John Baird announced late yesterday that a special House of Commons “take-note” debate on pension reform is scheduled for the evening on…

  • By: Staff
  • November 19, 2010 September 13, 2019
  • 00:00

Pension reform and funding need attention in the Atlantic provinces

Atlantic Canada is a place of rugged beauty, where resources are abundant but nature doesn’t hand them over freely. Whether it’s the Lower Churchill Falls…

Is an eligibility increase the answer for CPP?

Is an eligibility increase the answer for CPP?

A new research study released by the Mowat Centre at the University of Toronto examines the fiscal impact of gradually raising the minimum eligibility age…

  • By: Neil Faba
  • November 18, 2010 September 13, 2019
  • 00:00
Breaking down pension reform

Breaking down pension reform

Pension reform has been on the government agenda for over a year and real action so far has been sluggish. But, if you add up…

Breaking down pension reform: Part 2

Breaking down pension reform: Part 2

Fasken Martineau recently hosted a seminar outlining incremental changes to federal and provincial pension standards. Yesterday we covered what’s happening in Ontario, today we break…

PMAC pushes for smarter pension reform

PMAC pushes for smarter pension reform

The Portfolio Management Association of Canada (PMAC) today called for immediate synchronization of federal and provincial pension reform. The industry association advocates transparency in taxes…

One for All

In June, the nation’s finance ministers convened in Charlottetown to set the direction for pension reform. Hopes were high that consensus on a pan-Canadian approach…

  • By: Chris Brown
  • November 1, 2010 September 13, 2019
  • 00:00
Reforms needed for increased retirement savings

Reforms needed for increased retirement savings

  Canadian governments need to focus on reforms that allow for increased retirement savings levels in order to ensure individuals have adequate replacement income at…

  • By: Neil Faba
  • November 1, 2010 September 13, 2019
  • 00:00

Draft GST/HST rebate for pension entities notice published

Yesterday the Canada Revenue Agency (CRA) released a draft of the GST/HST Rebate for Pension Entities Notice (notice No. 257). Notice 257 is a dense…

  • By: Greg Hurst
  • October 14, 2010 September 13, 2019
  • 00:00
New reforms affect high earners

New reforms affect high earners

 The latest round of pension reforms in Britain will reduce the amount of tax relief allowed on pension contributions for high income earners. The amount…

  • By: Staff
  • October 14, 2010 September 13, 2019
  • 00:00

Supreme Court upholds HBC pension ruling

 Early on October 7, The Supreme Court of Canada released its decision in the case of Burke v. Hudson’s Bay Company (HBC), on the issues…

Aging population creates $2.8 trillion fiscal crunch

Canada’s aging and unhealthy population is about to create a significant liability totalling about $2.8 trillion for all levels of government, according to a new…

Feds scale back EI hikes, table economic bill

  The federal government has announced it will scale back previously announced increases to Employment Insurance (EI) premiums, after intense pressure from unions and businesses.…

  • By: Steven Lamb
  • September 30, 2010 September 13, 2019
  • 00:00

Canada should look abroad for pension reform: IRPP

  The solutions to Canada’s pension woes could be found by looking at recent reforms in Norway, Sweden, New Zealand, and the United Kingdom, this…

Pension reform needs a boost

The joint federal-provincial pension reform process is moving too slowly and should include a national forum of regulators and stakeholders, according to a study released…

  • By: Staff
  • September 23, 2010 September 13, 2019
  • 00:00

Pension legal landscape requires due diligence

The November 2009 release of the Canadian Association of Pension Supervisory Authorities’ (CAPSA) consultation paper called The Prudence Standard and the Roles of the Plan…

With the dust settling on the “pension crisis,” has reform gone far enough?

Ask the Expert: Jack Mintz Jack Mintz – Palmer Chair in Public Policy, School of Public Policy, University of Calgary Mintz recently chaired the Alberta…

  • By: Jack Mintz
  • September 23, 2010 September 13, 2019
  • 00:00

Plan sponsors must do their level best

Recordkeepers need to consider governance for defined contribution (DC) plans at three levels: fund, portfolio and platform, said Nick Iarocci, vice-president, investment program, with the…

Breaking down Ontario pension reform

Right on the heels of the Pension Benefits Amendment Act, the Ontario government is moving forward with the next phase of its strategy to enhance…

CPP upgrades hit snag

Continued opposition from Alberta is threatening to derail plans to improve the Canada Pension Plan (CPP) by the fall, as federal Finance Minister Jim Flaherty…