The 2026 Ontario Budget: A Plan to Protect Ontario, introduces several important measures to enhance retirement income security, provide new options to pension plan members, increase flexibility and simplify pension plan administration.
The Quebec government tabled Budget 2026-2027 on March 18. Among the announced measures, it has expressed its intention to improve the Voluntary Retirement Savings Plan (VRSP).
The CPA Canada Public Sector Accounting Handbook was updated in March 2026 to incorporate the new Section PS 3251 Employee Benefits, the new standard on employee benefits applicable to Canadian public sector entities. This standard will replace Sections PS 3250 (Retirement Benefits) and PS 3255 (Post‑employment Benefits, Compensated Absences and Termination Benefits).
The 2024 Canadian Pensioner Mortality Research Project of the Canadian Institute of Actuaries (CIA), whose release was announced in our November 2025 communication, was published on March 11, 2026.
Over 2025, we have closely followed developments related to Ontario pension plans, particularly those involving the Financial Services Regulatory Authority of Ontario (FSRA) and Ontario’s Ministry of Finance. Below is an overview of publications and FSRA activities throughout 2025.
Discover our market monitoring report on annuity purchases in Canada in 2025!
On December 31, 2025, Normandin Beaudry updated its pension plan financial position index, continuing the tracking initiated on December 31, 2021.
On December 31, 2025, Normandin Beaudry updated its pension plan financial position index, continuing the tracking initiated on December 31, 2021.
On December 17, 2025, the Quebec government adopted the Regulation to amend the Regulation respecting supplemental pension plans and the Regulation to amend the Regulation respecting voluntary retirement savings plans. The purpose of these 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).
Our specialists prepared a reference guide with the key social security parameters for 2026. 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!
The federal budget released on November 4, 2025 contains certain measures that could impact your organization or business context. Based on the available information, our experts have identified a few items that directly or indirectly affect components of total rewards.
After remaining relatively stable in the first half of the year, the average funded ratio improved in Q3 2025.
