NB Bulletin Vol. 21 No. 13, July 2018
New financial parameters for Quebec's prescription drug insurance plan
Every July 1, the Régie de l’assurance maladie du Québec adjusts the public prescription drug insurance plan’s financial parameters to take into account the increase or decrease in plan costs.
NB Bulletin Vol. 21 No. 12, July 2018
Ontario's universal drug program: back to square one
Last year, we informed you that Ontario would offer a free universal drug program, OHIP+, to children and youth under the age of 25. This plan came into effect on January 1, 2018.
NB Bulletin Vol. 21 No. 11, June 2018
Quebec pay equity maintenance audit—Supreme Court judgment
On May 10, the Supreme Court of Canada upheld judgments by the Superior Court of Québec (2014) and the Québec Court of Appeal (2016), namely that sections 76.3, 76.5 and section 103.1 paragraph 2 of the Pay Equity Act (hereinafter the “Act”) are unconstitutional.
NB Bulletin Vol. 21 No. 10, June 2018
Accounting standards applicable to future group 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. 21 No. 9, May 2018
Ontario to allow administrator discharge upon annuity purchase
On April 3, the Ontario government filed a regulation amending the Pension Benefits Act, which will allow a complete discharge to the administrator of a single employer pension plan following an annuity purchase. The modifications will come into force on July 1, 2018.
NB Bulletin Vol. 21 No. 8, May 2018
Adoption of new funding rules for Ontario's Defined Benefit Pension Plans
The regulation under the Ontario Pension Benefits Act was filed on April 20, 2018, comes into force on May 1, 2018. This means the new funding rules for defined benefit pension plans are now official.
NB Bulletin Vol. 21 No. 7, April 2018
Towards a national pharmacare program?
Last month, as part of the annual budget, the federal government announced the creation of an advisory council that will study the possibility of a national pharmacare program in Canada. This council will be chaired by former Ontario health minister Eric Hoskins. One of Hoskins’ major accomplishments was the implementation of OHIP+, a free universal drug coverage for all Ontarians under the age of 25.
NB Bulletin Vol. 21 No. 6, April 2018
Substance use in the workplace: Are you ready?
With the impending legalization of marijuana for recreational use, it is in the best interest of organizations to reflect on the position they wish to adopt as regards employee health and safety.
NB Bulletin Vol. 21 No. 5, March 2018
Ban on differences in treatment clauses in pension plans and other employee benefits
On March 20, the Quebec government introduced Bill 176, An Act to amend the Act respecting labour standards and other legislative provisions mainly to facilitate family-work balance, which includes the prohibition of “any distinction made solely on the basis of a hiring date, in relation to pension plans or other employee benefits, that affects employees performing the same tasks in the same establishment.”
NB Bulletin Vol. 21 No. 4, February 2018
2017 tax credit for medical expenses
For the 2017 tax year, Canadian taxpayers could be entitled to a tax credit ranging from 4% to 20% of medical expenses(1) incurred for themselves or their dependants. The credit is subject to certain conditions and depends on the province or territory of residence.
NB Bulletin Vol. 21 No. 3, January 2018
Proposed changes to Ontario’s PBGF contribution formula
The Ontario government’s proposed new funding framework includes unproclaimed amendments to the Pension Benefits Act that would increase the guarantee provided by the Pension Benefits Guarantee Fund (PBGF) by 50%—from $1,000 to $1,500 per month—in the event a defined benefit pension plan would wind up with insufficient funds.
NB Bulletin Vol. 21 No. 2, January 2018
The ten most important developments in drug insurance in 2017
For private plan sponsors seeking to contain costs, any new development in the world of drug insurance may represent an opportunity to save money, or a risk to be avoided.
NB Bulletin Vol. 21 No. 1, January 2018
2018 Social Security Programs Parameters
As is our custom, we wish to inform you of the parameters that will be used by the major social security programs this year.