Municipalities’ financial statements – Decision on Bill 15
This publication is of particular interest to people taking part in the preparation of municipalities’ financial statements.
December 2020
Accounting of municipal pension plans: tax relief measure to mitigate the effects of COVID-19
On July 13, 2020, the Ministère des Affaires municipales et de l’Habitation (MAMH) announced the implementation of a tax relief measure to limit the pandemic’s impact on taxation related to municipal defined benefit pension plans. The drop in stock markets and interest rates caused by the pandemic has led to a deterioration of pension plans’ financial situation since the beginning of 2020.
July 2020
Municipal pension plans — Quebec Superior Court ruling on the challenges to Bill 15
On July 9, the Superior Court of Quebec ruled on the applications to declare the Act to foster the financial health and sustainability of municipal defined benefit pension plans (“Bill 15”) unconstitutional and invalid.
July 2020