NB Bulletin Vol. 18 N. 15, December 2015
Bill 57 receives royal assent
Following the parliamentary committee sessions that took place on October 27 and 28, 2015, Bill 57, An act to amend the Supplemental Pension Plans Act mainly with respect to the funding of defined benefit pension plans (Bill 57), received royal assent on November 26, 2015.
NB Bulletin Vol. 18 N. 14, October 2015
Parliamentary committee sessions on Bill 57 for pension plans
Parliamentary committee sessions on Bill 57 took place on October 27 and 28, 2015.
NB Bulletin Vol. 18 N. 13, October 2015
Rates for Health Care Professionals in 2015
During the summer of 2015, Normandin Beaudry conducted its 18th annual survey of fees charged by health care professionals in Quebec. Considering the fact that health care services provided by these specialists are typically covered by group benefits plans, we believe that the results presented below will be of interest to you.
NB Bulletin Vol. 18 N. 12, September 2015
Quebec survey on salary increases
Normandin Beaudry's annual survey on salary increases reveals that Quebec salaries are expected to increase by 2.7% in 2016. Salary structures are expected to increase by an average of 1.8%.
NB Bulletins Vol. 18 N. 11, August 2015
Ontario Retirement Pension Plan (ORPP): comparable plans defined
On August 11, 2015, Ontario Premier Kathleen Wynne announced additional details on the Ontario Retirement Pension Plan (ORPP), including what defines a comparable workplace pension plan. The ORPP is a new Ontario pension plan aimed at helping working Ontarians who do not have a workplace pension plan.
NB Bulletins Vol. 18 N. 10, July 2015
New Financial Parameters for the Quebec Prescription Drug Insurance Plan
On July 1 each year, the Régie de l’assurance maladie du Québec adjusts the financial parameters applicable to the public prescription drug insurance plan to take into account the increase or decrease in plan costs.
NB Bulletins Vol. 18 N. 9, June 2015
After the bill on the funding of municipal pension plans was assented to last December, the National Assembly continued its work, introducing An Act to amend the Supplemental Pension Plans Act mainly with respect to the funding of defined benefit pension plans (Bill 57) on June 11, 2015.
NB Bulletins Vol. 18 N. 8, June 2015
Ontario pension plans: Overview of recent changes to legislation
Over the last year, several legislative changes have impacted pension plans registered with the Financial Services Commission of Ontario (FSCO). The purpose of this information bulletin is to present the key legislative amendments that recently came into effect in Ontario. It also aims to summarize the bills and regulations that should be introduced in the near future.
NB Bulletins Vol. 18 N. 7, June 2015
Accounting standards applicable to employee future benefits: What assumptions do Canadian companies use?
Several private sector companies must include the recognition of their obligations towards defined benefit pension plans (DB plans) and group insurance plans offered to retirees (other post-retirement benefits) in their financial statements.
NB Bulletins Vol. 18 N. 6, may 2015
Bill 28 passed - implications for group benefits plans
The National Assembly passed Bill 28 on April 20, 2015. This bill includes a host of budget measures and numerous changes to different laws. Several of the measures announced impact directly or indirectly group benefits plans.
NB Bulletin Vol. 18 N. 5, April 2015
Amendments to the Pension Benefits Standards Regulations, 1985
On March 25, 2015, the final amendments to the Pension Benefits Standards Regulations, 1985 (the "Regulations") were published in the Canada Gazette.
NB Bulletin Vol. 18 N. 4, April 2015
Ontario Retirement Pension Plan (ORPP)
Public consultations on Bill 56, An Act to require the establishment of the Ontario Retirement Pension Plan (ORPP), were recently held and ended in late March 2015. The purpose of this major bill is to create an additional savings instrument that will strengthen the current retirement income system for working Ontarians.
NB Bulletin Vol. 18 N. 3, March 2015
Longevity insurance: a first contract in Canada
As Normandin Beaudry informed you in its September 2014 information bulletin, longevity risk management will lead to new risk mitigation strategies hitting the Canadian market, including longevity insurance. The March 3 announcement of the $5 billion longevity insurance agreement reached between BCE and Sun Life Financial confirms this trend.
NB Bulletin Vol. 18 N. 2, February 2015
2014 tax credit for medical expenses
For the 2014 tax year, a tax credit ranging from 4% to 20% of incurred medical expenses(1) could be granted to Canadian taxpayers. The credit is subject to certain conditions and depends on the province of residence.
NB Bulletin Vol. 18 N. 1, January 2015
2015 Social Security Programs Parameters
As in previous years, we inform you about the parameters that will be used by the major social security programs in 2015.