On March 26, 2024, the Ontario government published their 2024 Budget, in which it was announced that draft regulations to Ontario’s Pension Benefits Act (PBA) would be introduced for review in the summer of 2024, with the...more
Le 26 mars 2024, le gouvernement de l’Ontario a déposé son budget 2024 (le « Budget ») et a présenté le projet de loi 180, Loi de 2024 visant à bâtir un Ontario meilleur (mesures budgétaires) (le « projet de loi 180 »). Le...more
On March 26, 2024, the Ontario government tabled its 2024 Budget (Budget) and introduced Bill 180, Building a Better Ontario Act (Budget Measures), 2024 (Bill 180). The Budget contains pension-related announcements, and Bill...more
On November 14, 2022, Ontario introduced Progress on the Plan to Build Act (Budget Measures), 2022 (Bill 36) to implement certain budget measures introduced as part of Ontario's 2022 Ontario Economic Outlook and Fiscal...more
Au cours de l’été, l’équipe de Blakes a surveillé de près les changements apportés aux lois et aux règlements provinciaux et fédéraux. Des renseignements utiles à cet égard sont donnés ci-après. Le présent bulletin...more
Over the summer months, the Blakes team has been closely monitoring both federal and provincial legislative and regulatory updates. Our bulletin provides pertinent information in this regard. This bulletin discusses...more
The Financial Services Regulatory Authority of Ontario (FSRA) has released new guidance for pension sector stakeholders and plan members during the COVID-19 pandemic, which adds to previous guidance from FSRA as discussed in...more
The Better for People, Smarter for Business Act, 2019 (Bill 132) was introduced in the Ontario legislature last week. If passed, Bill 132 will make certain amendments to the Pension Benefits Act (PBA), as summarized below....more
The Financial Services Regulatory Authority of Ontario (FSRA) has announced a “one-time opportunity” to avoid incurring summary administrative penalties for late filing requirements under the Pension Benefits Act (Ontario)...more
On April 11, 2019, the Ontario government tabled the 2019 Ontario Budget (2019 Budget). The 2019 Budget announced that the government is considering future changes to the Pension Benefits Act to permit pension plans to...more
The Ontario government recently tabled its Economic Outlook and Fiscal Review (Review), which included a number of registered pension plan related provisions, and introduced Bill 57, Restoring Trust, Transparency and...more
On March 28, 2018, the Ontario government tabled its 2018 budget (Budget), which included a number of registered pension plan related provisions. On that same day, the government introduced Bill 31, Plan for Care and...more
On January 19, 2018, the Ontario government released a description of proposed changes (Proposed Regulation) to the formula for calculating a pension plan’s annual assessment for purposes of the Pension Benefits Guarantee...more
On December 14, 2017, the Ontario government posted descriptions of two proposed regulations to the Ontario Pension Benefits Act (PBA) regarding the funding rules for defined benefit pension plans and the availability of an...more
Welcome to the 19th 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
Without any pomp and circumstance, the definition of “spouse” under the Pension Benefits Act (Ontario) (PBA) was amended effective January 1, 2017. Under the revised definition, a spouse continues to include someone who is...more
On July 26, 2016, Ontario released a consultation paper, “Review of Ontario’s Solvency Funding Framework for Defined Benefit Pension Plans” (Consultation Paper). The Consultation Paper is open for comment until September 30,...more
The Ontario government has announced a consultation? until April 29, 2016, relating to a proposed regulation change under the Pension Benefits Act (Ontario) that would permit a pension plan administrator to invest pension...more