The federal government has created the pooled registered pension plan (PRPP) in the hopes that provinces would each adopt a bill creating a similar product…
Members of the Prince Edward Island Legislature’s Public Accounts Committee were briefed yesterday on options for tackling the funding shortfall in the province’s public sector…
One of the first lessons Panther Kuol learned while growing up in Sudan was the value of planning carefully for the future.
The pooled registered pension plan (PRPP)—proposed by the federal government in response to the lack of pension coverage across Canada—may also help to resolve employers’…
The shift to more complicated arrangements that require additional communication also means there is a greater role for advisors in the decision-making process.
A group of six Canadian corporations has banded together in the hopes of receiving pension assistance from the Canadian government. But the federal Conservatives aren’t…
Ontario has extended the solvency funding exemption for specified Ontario multi-employer pension plans (SOMEPPs) to 2017. The exemptions were previously set to expire in September…
Small business owners in Quebec may want to bookmark Great-West Life’s new web portal for voluntary retirement savings plans (VRSPs).
The Canadian Bankers Association (CBA) is calling on the provinces and territories to enact legislation that would provide access to pooled registered pension plans (PRPPs)…
In the simplest of terms, they all use discretionary investment managers to make financial decisions on their behalf. No one from the CPP has ever…
The Canadian Association of Pension Supervisory Authorities (CAPSA) has released a draft Defined Contribution Pension Plans Guideline for comment from the pension industry.
Just two years ago, on July 12, 2010, the new GST/HST legislative regime that affects pension and other employee benefits plans was passed into law.…
New Brunswick could be paving the way for pension reform. The province’s new pension legislation, introduced in May of this year, became law earlier this…
The core of any employee benefits plan is the pension. But with DB plans, rapid changes in longevity have pushed the majority of funds into…
The Canadian Federation of Independent Businesses (CFIB) say one of the main reasons their members don’t offer a retirement savings vehicle is the cost burden.
Bill C-25, the Pooled Registered Pension Plans Act, received Royal Assent yesterday, moving the legislation another step closer to becoming law. Federal tax legislation still…
Since its creation by the provincial government in 2006, the Nova Scotia Pension Agency (NSPA) (No. 21 in the 2012 Top 100 Pension Funds Report)…
Contribution requirements for many DB pension plans are being driven by the plans’ solvency position. The financial crisis of 2008 and early 2009, along with…
As of July 1, 2012, the maximum basic OAS pension benefit paid to people 65 years of age and older will increase by 0.9% to…
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.
The Quebec government’s new regulation regarding temporary solvency relief measures for DB pension plans comes into effect today.
Canada's Pooled Registered Pension Plans Act was passed by the House of Commons yesterday.
The Financial Services Commission of Ontario (FSCO) has published its first administrative position concerning one of the recent amendments to the Pension Benefits Act of…
Here’s a twist. In a trend completely at odds with the rest of the world, France has made a move to lower its retirement age…
The Financial Services Commission of Ontario (FSCO) has announced changes to the new Pension Benefits Act grow-in rules, providing an opt-out provision for jointly sponsored…