Publications

  • Increase font size
  • Decrease font size
  • Print
Normandin Beaudry

2016 Bulletins

NB Bulletin Vol. 19 N. 21, December 2016
Rates for Health Care Professionals in 2016

Recently, Normandin Beaudry conducted its 19th annual survey of fees charged by health care professionals in Quebec. Because 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. 19 N. 20, December 2016
New REALpac/IPD Index for Canadian Real Estate Investments

Real estate investments continue to grow in popularity among institutional investors, especially pension funds. Today, these investments are considered a core part of an asset allocation alongside stocks and bonds. 

NB Bulletin Vol. 19 N. 19, December 2016
The Court of Appeal confirms the constitutional invalidity of certain pay equity provisions

On October 12, 2016, the Quebec Court of Appeal largely confirmed a Superior Court decision declaring sections 76.3 and 76.5 of the Pay Equity Act to be unconstitutional. These sections violate the Canadian Charter of Rights and Freedoms and the Charter of Human Rights and Freedoms on the grounds of gender discrimination.

The Court of Appeal also declared the second paragraph of Section 103.1 of the Pay Equity Act to be unconstitutional.
 

NB Bulletin Vol. 19 N. 18, November 2016
Changes to employment insurance: impacts on group benefits plans and some programs offered by employers

In our April 2016 bulletin on the last federal budget, we informed you that, following the introduction of the Budget Implementation Act 2016, No. 1 (S.C. 2016, c. 7),the waiting period for Employment Insurance benefits could be reduced from two weeks to one week effective January 1, 2017. This change has since been endorsed.

NB Bulletin Vol. 19 N. 17, November 2016
Bill C-27: An Act to amend the Pension Benefits Standards Act, 1985

Bill C-27 (An Act to amend the Pension Benefits Standards Act, 1985) was introduced in the House of Commons on October 19, 2016. This Bill comes in response to public consultations on target benefit pension plans ("TB plans") launched by the Department of Finance Canada on April 24, 2014, and applies to federally regulated private pension plans.

NB Bulletin Vol. 19 N. 16, September 2016
2016-2017 survey on salary increases

The annual Salary Increases Survey, conducted by Normandin Beaudry, reveals that Quebec salaries are expected to increase by 2.8% in 2017. Salary structures are expected to increase by an average of 1.8%.

NB Bulletin Vol. 19 N. 15, August 2016
Review of the solvency funding framework for defined benefit pension plans in Ontario

On July 26, 2016, the Ontario government released a consultation paper entitled "Review of Ontario's Solvency Funding Framework for Defined Benefit Pension Plans," targeted at sponsors of single employer pension plans. This bulletin summarizes the approaches and options proposed during the course of these consultations. Interested parties have until September 30, 2016 to submit their comments. 

NB Bulletin Vol. 19 N. 14, August 2016
Enhancing your bond portfolio with the liquidity premium

In recent years, Canadian investors have seen interest rates fall dramatically.  The rate for 10-year federal bonds fell from 6% at the beginning of the 2000s to under 1% in the 3rd quarter of 2016.  This decrease allowed investors to generate good returns. However, the future prospects for traditional bonds are now poor.

NB Bulletin Vol. 19 N. 13, July 2016
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 Bulletin Vol. 19 N. 12, June 2016
Accounting standards applicable to employee future benefits: What assumptions do Canadian companies use?

Several private sector organizations must include the recognition of their obligations toward defined benefit pension plans (DB plans) and group insurance plans offered to retirees (other post-retirement benefits) in their financial statements.

NB Bulletin Vol. 19 N. 11, June 2016
Impacts of new tax measures on group benefits plan costs

Some provinces have announced new tax measures that could soon affect group benefit plans.

NB Bulletin Vol. 19 N. 10, April 2016
Dental care: possible refusal to offer assignment of benefits

The Association des chirurgiens dentistes du Québec (ACDQ) recently recommended that its members stop offering assignment of dental care benefits.

NB Bulletin Vol. 19 N. 9, April 2016
Proposed changes to Employment Insurance: potential impacts on group benefits plans

In its budget tabled on March 22, 2016, the Government of Canada proposed several changes to Employment Insurance (EI).

NB Bulletin Vol. 19 N. 8, April 2016
Bill 29: the target level of the stabilization provision is now known

The draft regulation entitled Regulation to amend the Regulation respecting supplemental pension plans (Draft Regulation) was published in the Gazette officielledu Québec on April 6, 2016. This Draft Regulation relates to the Act to Amend the Supplemental Pension Plans Actmainly with respect to the funding of defined benefit pension plans (Bill 29).

NB Bulletin Vol. 19 N. 7, March 2016
Impacts of new tax measures on group benefits plan costs

Some provinces have announced new tax measures that could soon affect group benefit plans.

  

NB Bulletin Vol. 19 N. 6, March 2016
Potential cost transfers to private group insurance plans in Ontario

In the 2016 Ontario Budget, the Ontario government confirms its intention to transform health care in the province.  

NB Bulletin Vol. 19 N. 5, February 2016
2015 tax credit for medical expenses

For the 2015 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 or territory of residence.

NB Bulletin Vol. 19 N. 4, February 2016
New Developments Relating to the Ontario Retirement Pension Plan (ORPP)

In our August 2015 bulletin, we informed you about the latest developments concerning the design of the Ontario Retirement Pension Plan (ORPP), i.e. the phased enrolment of employers beginning in 2017 as well as the definition of a comparable workplace pension plan that determines whether or not an employer will be required to participate in the ORPP. 

NB Bulletin Vol. 19 N. 3, February 2016
Responsible investment and carbon footprint: the future is now!

Normandin Beaudry believes in it and is taking action

Over the past few years, responsible investment has become very important to investors.

NB Bulletin Vol. 19 N. 2, January 2016
The ten most important developments in drug insurance in 2015

It can be stated unequivocally that 2015 has been the busiest year in terms of legislative changes since Quebec's basic prescription drug insurance plan was established almost 20 years ago.

NB Bulletin Vol. 19 N. 1, January 2016
2016 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 2016.