As of April 1, 2023, the federal government will introduce the Tax-Free First Home Savings Account (FHSA) to help Canadian residents age 18 to 71 save a downpayment for their first home. To be eligible, they must be Canadian residents who have not owned homes and haven’t lived with a spouse or common-law partner who owns a home during the part of the year before the FHSA is opened or in the preceding four years.
The Government of Canada recently adopted Regulations Amending the Immigration and Refugee Protection Regulations (Temporary Foreign Workers). The new provisions came into force on September 26, 2022 and are aimed at reinforcing the protection of foreign workers through various new regulations, including those related to health.
As it does every six years, the Quebec government is currently holding a public consultation on the Québec Pension Plan (QPP). This consultation aims to explore various solutions to address the challenges facing the Quebec pension system. Read on to learn more about this process.
Today we are launching the Normandin Beaudry Pension Plan Financial Position Index. Our specialists closely monitor the financial position of our clients’ defined benefit pension plans and will present this index to you on a quarterly basis.
The federal government’s new Pay Equity Act is expected to come into force this year. If you are a federally regulated employer, you will have to comply with the requirements within three years of its coming into force.
On December 13, 2018, the federal government’s second Budget Implementation Act for Budget 2018, which establishes the Pay Equity Act, received Royal Assent. Once it comes into force, the Act will apply to federally regulated public- and private-sector employers with 10 or more employees.
