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...more
Recent Updates -
September 29, 2020: Changes made to Ontario to reflect Regulation 520/20 filed under the Pension Benefits Act (amending Regulation 909) which provides funding relief to pension plans, and Regulation 521/20...more
Recent Updates -
August 31, 2020: Changes made to Federal to reflect the revisions made to the Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985. Effective August 31, 2020, the revisions...more
On July 17, 2020, in response to public consultations, the Department of Finance, introduced draft legislative proposals which, if implemented, would extend the Canada Emergency Wage Subsidy (CEWS) to December 19, 2020, and...more
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...more
On July 2, 2020, the Department of Finance announced the release of proposed amendments to the Income Tax Regulations (Canada) that would assist registered pension plan (RPP) administrators and sponsors to manage and maintain...more
On June 24, 2020, Alberta's Superintendent of Pensions issued EPPA Update 20-04 respecting certain additional COVID-19 related relief measures set out in Order in Council 190/2020, also filed on June 24. As described in the...more
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...more
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...more
Recent Updates -
June 22, 2020: Changes made to Ontario with respect to extensions to filing and disclosure requirements. Incorporates COVID-19 pandemic pension related guidance issued by Manitoba.
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In connection with the COVID-19 pandemic and the many restrictions that have been placed on health related services, the Canada Revenue Agency (CRA) has recognized that members of a Health Care Spending Account (HCSA) might...more
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...more
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...more
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...more
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...more
The Canada Emergency Wage Subsidy (CEWS) was enacted, as amendments to the Income Tax Act (Canada) (ITA), on April 11, 2020, for the purposes of assisting employers in financial hardship due to the COVID-19 pandemic and of...more
On May 5, 2020, the Registered Plans Directorate (RPD) of the Canada Revenue Agency announced COVID-19 pandemic-related relief and guidance for plan sponsors and administrators....more
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...more
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...more
On April 21, 2020, the federal government announced that applications for the Canada Emergency Wage Subsidy (CEWS) will open on April 27, and provided details on the application process as well as information on (and access...more
The COVID-19 pandemic has had an unprecedented impact on the financial markets and stock prices. Through the spring of 2020, share prices have experienced extreme volatility and, in some cases, have traded at unforeseen...more
On April 15, 2020, the Canadian government announced changes to the eligibility criteria for the Canada Emergency Response Benefit (CERB) that will provide individuals with enhanced opportunities to access the program. The...more
On Saturday April 11, 2020, the COVID-19 Emergency Response Act, No. 2 received Royal Assent, thereby amending the Income Tax Act (Canada) to give effect to the Canada Emergency Wage Subsidy (CEWS) framework that the federal...more
This is an update to a previous blog from March 30, 2020.
On March 27, 2020 the Office of the Superintendent of Financial Institutions (OSFI) announced a series of regulatory adjustments designed to help reduce some of...more
Changes Announced on April 8, 2020 -
On April 8, 2020, the federal government disclosed updated eligibility and coverage information on its proposed Canada Emergency Wage Subsidy (CEWS), the preliminary details of which...more