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After a tough couple of years, Canadians continue to face several challenges against an increasingly turbulent economic landscape. While most coronavirus restrictions were lifted in late spring 2022, the seventh wave of the pandemic arrived in July alongside rising inflation, which is compounding prices from the gas pump to the grocery store. Though the 2022 […]

As a new year dawns, our attention turns to what’s ahead, the following are a few of my predictions for trends in the world of pensions in 2022. Volatility We’re entering the year in an environment of considerable economic and financial market uncertainty. Supply chain problems, elevated price inflation and labour shortages in certain industries […]

Among all the legal issues facing DC plan sponsors and administrators, questions around contribution errors is top of mind. “The industry has been speaking with [the Department of] Finance Canada on the tax side to see what can be done to help support us in fixing these errors,” said Susan Nickerson (pictured, left), a partner […]

Allow DC plans to issue advance life deferred annuities: ACPM

In a letter to the tax branch of the Department of Finance, the Association of Canadian Pension Management said it would be reasonable for certain large defined contribution pension plans to be issuers of advanced life deferred annuities. According to the current Income Tax Act, only a licensed annuity provider can issue an ALDA. However, the ACPM […]

  • By: Staff
  • October 23, 2019 November 30, 2020
  • 14:00