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Normandin Beaudry

2011 Bulletins

NB Bulletin Vol. 14 N. 12, December 2011
NB Bulletin Vol 14. N. 11, November 2011
Accounting standards applicable to employee future benefits: what Quebec-based companies do

Several private sector companies will soon be finalizing their budgets for the upcoming fiscal year and preparing their financial statements for the current fiscal year. These must include the recognition of the costs for defined benefit pension plans (DB plans) and for group insurance plans offered to retirees (other post-retirement benefits).

NB Bulletin Vol. 14 N. 10, October 2011
Highlights of the first Quebec specific survey on salary increase budgets for 2011-2012

Over this past summer, the Ordre des conseillers en ressources humaines agréés and Normandin Beaudry invited organizations with operations in Quebec to participate in the first Quebec specific survey on salary increases for 2011–2012.

NB Bulletin Vol. 14 N. 9, September 2011
Did you know that you can save up to 50% on the cost of your drugs?

To save on the cost of your drugs, ask your pharmacist if there is a generic version, or copy, of the brand name drug. Once the patent on a brand name drug has expired, generic versions of this drug are produced.

NB Bulletin Vol. 14 N. 8, August 2011
Rates for health care professionals in 2011

During the summer, Normandin Beaudry conducted its 14th annual survey of fees charged by health care professionals in Quebec. Since health care services provided by these specialists are generally covered by group insurance plans, we believe that the results of our survey will be of great interest to you.

NB Bulletin Vol. 14 N. 7, August 2011
Review of the institutional fund performances over the first semester of 2011

We are pleased to present our mid-year review analyzing the performance as at June 30, 2011, of institutional managers comprising the Normandin Beaudry Investment Funds Universe. The purpose of this review is to keep you up-to-date on the recent performance of financial markets and institutional managers. You will receive this review each year after the end of the first semester.

NB Bulletin Vol. 14 N. 6, July 2011
New Financial Parameters for the Quebec Prescription Drug Insurance Plan

The Régie de l'assurance maladie du Québec recently announced the new financial parameters that will apply to the public prescription drug insurance plan for the period of July 1st, 2011 to June 30, 2012. One of the provisions of Quebec's Act respecting prescription drug insurance provides for the revision of these parameters on July 1st each year to take into account the increase or decrease in plan costs.

NB Bulletin, Vol 14, N. 5, July 2011
Changes to the Quebec Pension Plan: Will They Affect My Retirement?

On June 13, 2011, the Quebec government passed the changes to the Quebec Pension Plan announced in its latest budget. The change concerning the pension reduction for early retirement (before age 65) has captured popular attention. From January 1, 2012 until 2016, the actuarial adjustment factor will gradually increase from 0.5% to 0.6% for each month between the time the pension payment begins and age 65.

Special publication - June 2011
Amendments to accounting standards applicable to employee future benefits

Currently, Canada's accounting standards are undergoing changes and are being brought in line with new Canadian standards or with international accounting standards. Canadian organizations are thus in the middle of a transition period and must already anticipate the impact of further amendments for employee future benefits in the short term.

NB Bulletin Vol. 14 N. 4, April 2011
Mandatory report on pay equity

Section 4 of the Pay Equity Act requires that employers submit a report on implementation of the Act in their organizations. The Règlement concernant la déclaration de l'employeur en matière d'équité salariale, effective March 1, 2011, stipulates the content and form of the mandatory report on pay equity.

NB Bulletin Vol. 14 N. 3, March 2011
Tax credit for medical expenses

Subject to certain eligibility criteria, a tax credit of between 4% and 20% of the incurred expenses can be granted to the taxpayer(1).

NB Bulletin Vol. 6, N. 2, March 2011
Pension plans: new developments affecting solvency valuation

In recent years, the solvency of pension plans has been a source of major headaches for plan sponsors. The disastrous investment performance in 2008, combined with the steep increase in solvency liabilities, has had catastrophic consequences on the financial health of pension plans.

Quickfacts
Quickfacts on Health Insurance Premiums and tax in Canada

In addition to the NB Bulletin, Vol. 14, no 1, published in January 2011, here is a summary of the Health insurance premiums and tax for all Canadian provinces.

Click here to download the PDF (110 Kb)

NB Bulletin Vol. 14 N. 1, January 2011
The 2011 Social Security Programs Parameters

The Year's Maximum Pensionable Earnings (YMPE) for 2011 is $48,300, an increase of 2.3% over the 2010 YMPE of $47,200. The basic exemption remains at the current level of $3,500, which is the level applicable since January 1st, 1998. Employee and employer contribution rates remain at 4.95% of contributory earnings in 2011, for an annual maximum contribution of $2,217.60. The maximum monthly retirement pension at age 65 is set at $960.00 for 2011, based on the average YMPE over the last five years.