News & Analysis as of

Canada Employer Contributions

Littler

Canada Entered Last Phase of CPP Enhancements on January 1, 2024

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All Canadian employers other than those in Quebec are required to: Deduct Canada Pension Plan (CPP) contributions from their employees’ pensionable earnings if the employee meets certain conditions; Contribute an...more

Bennett Jones LLP

Correcting Contribution Errors in Respect of Defined Contribution Pension Plans—New Rules Now in Force

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On June 22, 2023, Bill C-47 received royal assent, implementing a variety of amendments to the Income Tax Act (Canada) (ITA) and its regulations (ITA Regulations) tabled as part of the 2023 Federal Budget. As we previously...more

Bennett Jones LLP

Fixing Contribution Errors for Defined Contribution Pension Plans

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What You Need to Know About Draft Amendments to the Federal Income Tax Act and Regulations - On February 4, 2022, the Canadian federal government released draft legislation to implement a variety of proposed tax measures,...more

Blake, Cassels & Graydon LLP

Target Benefit Pension Plans: A New Option for Quebec Employers and Employees

On December 11, 2020, Quebec’s National Assembly adopted Bill 68, with certain amendments made to its original text, thereby enacting An Act mainly to allow the establishment of target benefit pension plans (Act). The...more

Blake, Cassels & Graydon LLP

Régimes de retraite à prestations cibles : une nouvelle option pour les employeurs et travailleurs québécois

Le 11 décembre dernier, le projet de loi n° 68, Loi visant principalement à permettre l’établissement de régimes de retraite à prestations cibles (la « Loi 68 »), a été adopté par l’Assemblée nationale avec certaines...more

Blake, Cassels & Graydon LLP

Quebec Moves Forward with New Supplemental Pension Plan

On October 7, 2020, Bill 68, An Act mainly to allow the establishment of target benefit pension plans (Bill 68), was tabled at Quebec’s National Assembly by the province’s Minister of Finance, Éric Girard. Bill 68’s main...more

Blake, Cassels & Graydon LLP

Les employeurs qui reportent le paiement de cotisations sont soumis à d’autres restrictions

On September 21, 2020, the Ontario government filed O. Reg. 520/20 (Regulation), which, among other things, permits employers of certain pension plans to elect to defer one or more consecutive monthly payments of employer...more

Blake, Cassels & Graydon LLP

Alberta Introduces Additional COVID-19-Related Relief

On June 24, 2020, the Government of Alberta issued Order in Council 190/2020 to amend the Employment Pension Plans Regulation (Regulation) to provide additional forms of relief to administrators of Alberta-registered pension...more

Bennett Jones LLP

New Solvency Special Payments Relief Regulations for Federally Regulated Pension Plans

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Effective May 27, 2020, new Solvency Special Payments Relief Regulations, 2020 issued under the Pension Benefits Standards Act, 1985 provide funding relief to sponsors of federally regulated pension plans with solvency...more

Bennett Jones LLP

Canada Revenue Agency Announces Pension Relief Measures and Guidance Amidst the COVID-19 Pandemic

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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

Blake, Cassels & Graydon LLP

Pensions Newsletter – October 2018

Welcome to the 22nd issue of the Blakes Pensions Newsletter. This newsletter provides a summary of recent jurisprudential developments that affect pensions and benefits and is not intended to be legal advice....more

Blake, Cassels & Graydon LLP

Quebec Pension Plan Enhancements: Increased Employer Contributions in Sight

On November 2, 2017, Quebec’s Minister of Finance, Carlos Leitão, tabled Bill 149, An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions (Bill), which aims to strengthen the...more

Blake, Cassels & Graydon LLP

Bill 186: Ontario Retirement Pension Plan Act (Strengthening Retirement Security for Ontarians), 2016, Introduced

On April 14, 2016, the Ontario government introduced the Ontario Retirement Pension Plan Act (Strengthening Retirement Security for Ontarians), 2016, as Bill 186 (Bill or Act) in the Ontario legislature. The government...more

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