Annuity purchases in Canada in 2023: the enthusiasm continues
Discover our first market monitoring report on annuity purchases in Canada in 2023!
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.
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.
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.
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.
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.
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.
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.
January 2024