Category: Nova Scotia
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Nova Scotia Proclaims in Force Bill 87 – Financial Hardship Withdrawals
Effective July 1, 2021, Nova Scotia proclaimed in force Bill 87, Pension Benefits Act (amended), and related amendments to the Pension Benefits Regulations . . .
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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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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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Nova Scotia Passes Bill 87 re Pension Benefits
Nova Scotia Bill 87, Pension Benefits Act (amended), received Royal Assent on April 19, 2021 . . .
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Nova Scotia Introduces Bill 87 re Pension Benefits
Nova Scotia introduced Bill 87, Pension Benefits Act (amended), for first reading on April 6, 2021 . . .
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CAPSA Announcement re Multi-Jurisdictional Agreement
Further to several jurisdictions publishing regulations/orders approving the 2020 agreement regarding multi-jurisdictional pension plans (the 2020 Agreement), CAPSA has released its communications regarding the adoption of the 2020 Agreement . . .
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Status Update: New Leaves of Absence
Most jurisdictions across Canada have added or updated an emergency or public health leave of absence. Below is a quick recap of changes to date . . .
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Nova Scotia Extends Filing Deadline – Again
The Nova Scotia Finance and Treasury Board updated its website to indicate that Annual Information Returns and Audited Financial Statements that were due between March 31 or June 30, 2020 have been given a filing extension until August 31, 2020. The extension is automatic (i.e., plan administrators do not need to apply for it . . .
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Nova Scotia Approves Agreement re Multi-Jurisdictional Pension Plans
Further to my earlier post regarding the new (2020) Agreement Respecting Multi-Jurisdictional Pension Plans, Nova Scotia has filed an Order in Council (2020-130) approving its participation in the Agreement . . .
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Nova Scotia Extends Filing Deadline
The Nova Scotia Finance and Treasury Board announced that Annual Information Returns and Actuarial Valuation Reports that were due 31 March or 30 April have been given a filing extension until May 31, 2020 . . .
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