My Updates
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Nova Scotia Amendments re Unlocking in Force July 1
Effective July 1, 2021, Nova Scotia proclaimed into force amendments to the Pension Benefits Act and the regulations*, which facilitate withdrawals from locked-in retirement accounts or life income funds in cases of financial hardship . . .
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Ontario Amends Infectious Disease Emergency Leave
Ontario published Regulation 412/21 amending the Infectious Disease Emergency Leave Regulation under the Employment Standards Act, 2000 . . .
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Chisholm v. Ontario (CEO of FSRA), 2021 ONFST 5 – Tribunal Has No Jurisdiction re Health Benefits
Ms Chisholm was denied a spousal survivor pension and group benefit coverage, because the plan administrator determined that she was not the plan member's spouse at the time of his death . . .
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Ontario FSRA Business Plan
The Financial Services Regulatory Authority of Ontario (FSRA) published its 2021-2024 Annual Business Plan, outlining its strategic priorities and supporting activities . . .
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OSFI InfoPensions #24
The Office of the Superintendent of Financial Institutions published InfoPensions #24, which includes a few updates/reminders for plan administrators, actuaries and other pension service providers . . .
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Quebec Passes Bill 74 re Budget Measures
Quebec passed Bill 74, An Act to give effect to fiscal measures announced in the Budget Speech delivered on 10 March 2020 and to certain other measures, on May 27, 2021 . . .
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Manitoba Passed Bill 8 re Pension Benefits Act
Manitoba Bill 8, The Pension Benefits Amendment Act, received Royal Assent on May 20, 2021 . . .
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Federal Update re Relief for Registered Pension Plans and Deferred Salary Leave Plans
The federal government announced that it is extending proposed amendments to the Income Tax Regulations initially released on July 2, 2020 that provide temporary relief to Registered Pension Plans (RPPs) and deferred salary leave plans (DSLPs . . .
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New Brunswick Publishes Revised Unclaimed Property Rule for Consultation
New Brunswick’s Financial and Consumer Services Commission (FCNB) published a revised rule regarding unclaimed property for consultation. Comments may be provided until June 19, 2021 . . .
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Status Update: Paid Sick Leave
Recently, several provinces have implemented paid sick days and/or government programs. Below is a quick recap of developments to date . . .
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