NB bulletins

Annuity purchases in Canada in 2023: the enthusiasm continues

Discover our first market monitoring report on annuity purchases in Canada in 2023!

Read more

March 2024

Introduction of Bill C-64 on the national pharmacare plan

Following the announcement of an agreement between the Liberal Party of Canada and the New Democratic Party of Canada (NDP), Bill C-64, An Act respecting pharmacare, was introduced on February 29.

Read more

March 2024

2023 tax credit for medical expenses

For the 2023 tax year, Canadian taxpayers could be entitled to a tax credit ranging from 4% to 20% for medical expenses incurred for themselves or their dependants. This credit is subject to certain conditions and depends on the province or territory of residence.

Read more

February 2024

Leveraging governance and labour shortages issues into opportunities in benefits administration

For job seekers, group benefits are the second most important factor after salary. With the growing labour shortage, it is more important than ever to offer a group benefit plan that fosters talent retention and performance, while improving the employee experience.

In this context, there are various ways to promote a plan among groups of employees and HR departments.

Read more

February 2024

Proposed regulation for greater flexibility in the use of retirement savings in Quebec

On December 27, 2023, the Quebec government published proposed regulation amending the Regulation respecting supplemental pension plans (Proposed Regulation)¹, intended to offer greater flexibility in the use of retirement savings as of age 55. This flexibility may be interesting for individuals who wish to make larger withdrawals in the early years of their retirement so they can defer government pensions.

Read more

February 2024

Municipal and university sectors
Regulatory reform of defined benefit pension plan funding

On January 23, the Government of Quebec adopted the Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors (Regulation). The Regulation will come into force on February 22, 2024, and amendments will apply for actuarial valuations as at December 31, 2023.

Read more

February 2024

The Top 10 Developments in Drug Insurance of 2023

A look back at the highlights of 2023 in this ninth edition of our top drug insurance developments of the past year.

Read more

February 2024

Normandin Beaudry Pension Plan Financial Position Index, December 31, 2023

After a significant rise in interest rates in previous quarters, the year ended with slightly lower rates than at the beginning of 2023. Despite the large variation of this key indicator, the financial position of the average pension plan remained relatively stable over the year. This favourable financial position allows many administrators and pension committees to prioritize and implement strategies that benefit their organization.

Read more

January 2024

Our coordinates

general@normandin-beaudry.ca

Montreal

630, René-Lévesque Blvd. West, 30th floor
Montreal, QC H3B 1S6

514-285-1122

Toronto

155, University Avenue, Suite 1805
Toronto, ON M5H 3B7

416-285-0251

Quebec City

1751, du Marais Street, Suite 300
Quebec City, QC G1M 0A2

418-634-1122