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Normandin Beaudry

2005 Bulletins

NB Bulletin Vol. 8 N. 17, December 2005
The 2006 social security programs parameters

As in previous years, we are pleased to inform you about the parameters that will be used by the major social security programs in 2006.

NB Bulletin Vol. 8 N. 16, December 2005
What companies listed on the S&P/TSX Index do in regard to the accounting standards applicable to employee future benefits

Several companies in the private sector will soon be finalizing their financial statements for the fiscal year that is drawing to a close. Among the disclosure notes that should be prepared for these financial statements one pertains to costs for defined benefit (DB) pension plans and group insurance plans offered to retirees (other post-employment benefits).

NB Bulletin Vol. 8 N. 15, December 2005
The Quebec Parental Insurance Plan

The Quebec Parental Insurance Plan (QPIP) will come into effect on January 1, 2006. This is a follow-up to our March bulletin (Vol. 8, No. 5, March 2005) and updates the information concerning the benefits payable and the premiums paid by employees, employers and self-employed workers.

NB Bulletin Vol. 8 N. 14, November 2005
The re-engineering of the Canada Revenue Agency Registered Plans Directorate

You may have recently received correspondence from the Registered Plans Directorate (RPD) of the Canada Revenue Agency informing you about its re-engineering. This bulletin summarizes the main changes in the RPD and informs you about the objectives and consequences of this re-engineering.

NB Bulletin Vol. 8 N. 13, November 2005
Accounting standards : significant increase in costs expected for 2006

For private sector companies whose fiscal year ends on December 31, fall marks the time of the year when budgets are determined. Among other things, your budget will include costs for defined benefit pension plans and group insurance plans offered to retirees.
 

NB Bulletin Vol. 8 N. 12, November 2005
The rates of Health Care Professionals

During the summer, we conducted our annual Quebec survey of fees charged by health care professionals. You will find the 2005 survey results below.

NB Bulletin Vol. 8 N. 11, July 2005
The implications of the decision by the Supreme Court of Canada on June 9, 2005

On June 9, the Supreme Court of Canada struck down two sections of Quebec's health legislation, thus allowing individuals to purchase private health insurance to cover medical treatments already covered by Quebec's public health insurance plan.
 

NB Bulletin Vol. 8 N. 10, July 2005
Changes to the Quebec Prescription Drug Insurance Plan

On June 20, 2005, the Board of Directors of the Régie de l'assurance maladie du Québec (RAMQ) announced the latest modifications to the Quebec Prescription Drug Insurance Plan effective July 1, 2005.
 

NB Bulletin Vol. 8 N. 9, July 2005
The Act Respecting the Funding of Certain Pension Plans

On June 17, 2005, the National Assembly passed Bill 102, an Act respecting the funding of certain pension plans ("Act").

NB Bulletin Vol. 8 N. 8, May 2005
Bill 102, an Act Respecting the Funding of Certain Pension Plans

As a result of the stock market collapse in the early 2000s and the lowering of interest rates over the last few years, certain pension plan sponsors are experiencing increased pressure in terms of the funding of their defined benefit pension plans, particularly with respect to solvency rules.

NB Bulletin Vol. 8 N. 7, April 2005
Bill 195, an act amending the Quebec Supplemental Pension Plans Act

The National Assembly adopted on April 21, 2005, Bill 195, an act amending the Supplemental Pension Plans Act ("SPPA"). Bill 195 came in into effect on April 28, 2005.

NB Bulletin Vol. 8 N. 6, April 2005
The regulation amending the Quebec Regulation Respecting Supplemental Pension Plans

The National Assembly adopted on March 30, 2005 the regulation amending the Regulation Respecting Supplemental Pension Plans which will come into effect April 14, 2005.

NB Bulletin Vol. 8 N. 5, March 2005
The Quebec Parental Insurance Plan

The final Canada-Quebec agreement on the Quebec Parental Insurance Plan was signed on March 1, 2005. The provincial plan offering parental benefits will therefore begin January 1, 2006.

NB Bulletin Vol. 8 N. 4, March 2005
Non-refundable tax credits for medical expenses

This bulletin contains information that could help your employees and their dependents when they are preparing their federal and provincial income tax returns.

NB Bulletin Vol. 8 N. 3, Febuary 2005
The retirement savings measures in the federal budget

The February 23, 2005 federal budget contains some important changes affecting Canadian retirement savings plans, notably, higher contribution limits and the removal of the foreign property limit. This bulletin outlines these changes and their main impacts on your plans.
 

NB Bulletin Vol. 8 N. 2, Febuary 2005
The inclusion of income trusts in the S&P/TSX Composite Index

In our June 2004 bulletin (Vol. 7, No. 6), we informed you about income trusts and the suspension of special measures proposed in the 2004 federal budget to limit pension funds' investment in this investment vehicle. Upon writing that June bulletin, two main factors reduced the attractiveness of income trusts for the majority of pension funds. These were:
 

NB Vol. 8 N. 1, January 2005
Normandin Beaudry's policy pertaining to incentive compensation paid by insurers and investment managers

Over the last few months, several actuarial consulting and brokerage firms have been tarnished by an incentive compensation scandal as the result of an investigation by New York Attorney General Eliot Spitzer.