NB bulletins

On May 28, 2025, the Quebec government published draft regulations amending the Regulation respecting supplemental pension plans (Regulation respecting SPPs) and the Regulation respecting voluntary retirement savings plans (Regulation respecting VRSPs). The purpose of these draft regulations is to allow defined contribution plans and voluntary retirement savings plans (VRSPs) to implement dynamic pension funds, also known as variable payment life annuities (VPLAs).

The recently tabled Ontario budget aims to make additional pension options available to workers, namely the Variable Life Benefit (VLB) and target benefit plans. These initiatives are designed to enhance retirement security for Ontarians while addressing the evolving needs of workers and employers.

As of September 3, 2024, many federally regulated organizations subject to the Pay Equity Act (the Act) were required to have posted the final version of their pay equity plan. In addition to this obligation, organizations are also required to prepare and submit an annual statement and post an updated pay equity plan.

Amid a period of stock market turbulence, the first quarter of 2025 ended with a slight deterioration in the financial position on the going concern and solvency basis.

For the 2024 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.

A look back at the highlights of 2024 in this tenth edition of our top drug insurance developments of the past year.

The year 2024 brought a marked improvement in both the going concern and solvency financial positions.

Normandin Beaudry’s Best Wishes! 

Our specialists prepared a reference guide with the key social security parameters for 2025. This quick and easy-to-use document is your reference for public pension plans and other retirement plans. Feel free to add the web page to your bookmarks!

In recent months, we have monitored various activities concerning Ontario pension plans initiated by either the Financial Services Regulatory Authority of Ontario (FSRA) or Ontario’s Ministry of Finance. This bulletin summarizes publications on the following recent topics and provides a summary of FSRA’s activities in 2024.

As has been the case every five years since 2010, the year 2025 will bring about a new pay equity deadline for many organizations with employees in Quebec, who will be required to conduct a pay equity audit. The deadline for fulfilling your obligations is approaching and it’s time to prepare.