In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of registered pension plans and to protect member benefits, including relief from solvency funding requirements, extensions to required filings and disclosures, and measures to limit commuted value transfers.

Recent Updates -

July 2, 2020: Changes made to add COVID-19 related tax relief measures proposed by the Department of Finance Canada, with respect to Registered Pension Plans.