Category: Federal
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Federal & Alberta Approve Agreement re Multi-Jurisdictional Pension Plans
Further to my earlier post regarding the new (2020) Agreement Respecting Multi-Jurisdictional Pension Plans, Alberta has filed an Order in Council (161/2020) approving its participation in the Agreement . . .
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Federal Government Extends Wage Subsidy & Announces Further Amendments
The federal government announced the extension of the Canada Emergency Wage Subsidy (CEWS), and provided information on further legislative and regulatory amendments . . .
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Federal Guidance re CERB Excludes SUB Plans
The federal government updated its Questions and Answers regarding the Canada Emergency Response Benefit (CERB) to specify that employers cannot use a supplemental unemployment benefit (SUB) plan to top up CERB payments to its employees . . .
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OSFI Amends Superintendent Directives & Updates FAQs
OSFI amended the Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985 (the Directives) to facilitate portability transfers for members who are eligible for early retirement, provided that certain transfer criteria are met. In addition, OSFI updated its COVID-19 FAQs to provide additional information on the change to the Directives . . .
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CRA Announces Temporary Relief for Pension Plans
The Canada Revenue Agency Registered Plans Directorate has published temporary COVID-19 relief measures for defined contribution (DC) and defined benefit (DB) pension plans . . .
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OSFI Update re DB Funding Relief
OSFI updated its list of Frequently Asked Questions on COVID-19 measures and added a new one to address the federal government's earlier announcement regarding temporary funding relief for sponsors of federally regulated, defined benefit pension plans . . .
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Federal Amendments to Employment Insurance Regulations – CERB Expansion
Further to an earlier announcement, the federal government published amendments (SOR/2020-88 and SOR/2020-89) to the Employment Insurance Regulations, expanding the pool of people eligible for the Canada Emergency Response Benefit (CERB . . .
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Federal Announcement re Canada Emergency Wage Subsidy
The federal government published more detailed information regarding the Canada Emergency Wage Subsidy (CEWS), and announced that applications for the CEWS will open on April 27, 2020 . . .
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OSFI Update re COVID-19 Measures
Further to my earlier post, OSFI has updated its guidance on a portability freeze and other measures. There was no reference, however, to yesterday's announcement regarding solvency funding relief . . .
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Federal Government Announces Funding Relief for Federally Regulated Plans
The federal government announced that it will provide immediate, temporary relief to sponsors of federally regulated, defined benefit pension plans . . .
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