NB Bulletin Vol. 20 N. 12, July 2017
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. 20, N. 11, July 2017
Modification to the funding framework for defined benefit pension plans in Ontario - transitional measures
Following the release on May 19, 2017 of the broad outline of its reform on the funding of defined benefit pension plans, the Ontario government filed a regulation on June 29, 2017 introducing transitional measures which came into force on July 1, 2017.
NB Bulletin Vol. 20 N. 10, June 2017
Accounting standards applicable to employee future benefits: Assumptions used by Canadian organizations
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. 20, N. 9, May 2017
Modification to the funding framework for defined benefit pension plans in Ontario
On May 19, 2017, the Ontario government released the broad outline of its reform on the funding of defined benefit pension plans. Several measures were inspired by the changes made in 2016 to the Quebec defined benefit pension plans.
NB Bulletin Vol. 20 N. 8, May 2017
New universal drug program in Ontario
On April 27, 2017, the Ontario government tabled its budget for the coming year. This budget provides that, beginning January 1, 2018, Ontario will offer a free universal drug program, OHIP+, for children and youth under the age of 25.
Pension Plan Reform
Will you be ready in time? | Adoption of a formal funding policy
Legislation now requires all Quebec defined benefit pension plans to have a formal funding policy in place. What are the implications for pension plan sponsors and their employees?
Improvements to the Quebec Pension Plan
Public consultation concerning the Quebec Pension Plan
The Government of Quebec recently consulted its citizens concerning certain improvements that the Government wishes to make in relation to the Quebec Pension Plan. We herewith invite you to have your say in this debate by completing the online questionnaire launched by the Government.
Les Mercuriades Awards
Normandin Beaudry: two-time winner at the 37th edition of the Les Mercuriades awards
During the grand gala evening held at Montreal's Palais des congrès on April 24, 2017, we were fortunate to learn that Normandin Beaudry was the recipient of two awards.
NB Bulletin Vol. 20 N. 7, May 2017
Spring group benefits update – tax news and news on public plans
In recent weeks, the federal government and several provincial governments tabled their budgets for the coming year. Some of the measures announced by the Quebec government and the Saskatchewan government will impact group benefits plans.
NB Bulletin Vol. 20 N. 6, February 2017
2016 Tax Credit for Medical Expenses
For the 2016 tax year, a tax credit ranging from 4% to 20% of incurred medical expenses 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. 20 N. 5, February 2017
Private Health and Dental Insurance Plans: The Federal Government Should Not Go Ahead with The Project To Tax The Premium Paid By Employers
Breaking News: On Wednesday February 1, the federal government announced its intention not to apply this legislative change in its 2017 budget. This could have had a significant impact on private group insurance plans in Canada.
NB Bulletin Vol. 20 N. 4, January 2017
2017 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 2017.
NB Bulletin Vol. 20 N. 3, January 2017
The Ten Most Important Developments in Drug Insurance in 2016
There were two key developments in drug insurance in 2016: the increase in private drug insurance plan costs and significant legislative changes.
NB Bulletin Vol. 20 N. 2, January 2017
Public Sector Accounting Board project about Employment Benefits: Normandin Beaudry is involved
The Public Sector Accounting Board (PSAB) published at the end of November 2016 an Invitation to Comment about the deferral provisions for employment benefits (recognition of gains and losses and valuation of plan assets), included in Sections PS 3250 and PS 3255. This publication will be of particular interest to people who are preparing financial statements in the public sector.
NB Bulletin Vol. 20 N. 1, January 2017
Bill 92 Passed: Impacts on Group Benefits Plans
The Quebec government passed Bill 92 on December 6, 2016. Bill 92 includes several measures that will affect group benefits plans.