Articles

Update on Ontario and federal pension and benefits legislation, regulatory policy and case law.

Highlights of this newsletter include one pension-related item in the Ontario 2021 Budget relating to the Pension Benefits Guarantee Fund (PBGF), a number of new guidance documents and publications from the Financial Services Regulatory Authority of Ontario (FSRA), policy updates from the Canada Revenue Agency (CRA), and new FAQs and directives from the Office of the Superintendent of Financial Institutions (OSFI).

Updates in Ontario pension legislation, pension regulator guidance and pension case law.

This quarterly update provides the latest legislative pension and benefit changes in Ontario and Federally, regulatory updates from the Financial Services Regulatory Authority of Ontario, the Office of the Superintendent of Financial Institutions, and the Canada Revenue Agency, as well as relevant case law developments.

This quarterly update focuses on further Ontario legislative developments on new FSRA guidance and communications resulting from the COVID-19 Pandemic. Federal developments are also covered, and several new case law updates are provided.

Kathryn Bush, Partner, Blakes, is being honoured this year with the OBA Award of Excellence in Pensions & Benefits Law for her outstanding leadership and contributions to the field of pensions and benefits law. Gain a glimpse of what motivates her and how she is making a difference in her area of practice in this candid Q&A.

This quarterly update focuses primarily on Ontario legislation and FSRA communications resulting from the COVID-19 Pandemic. We have also covered the recent Ontario Court of Appeal decision Austin v. Bell Canada, overturning the earlier Ontario Superior Court of Justice decision which we covered in our October 2019 Newsletter.

This quarterly update covers important amendments to the Ontario Pension Benefits Act (PBA) and its regulations, several new communications and updates issued by the Financial Services Regulatory Authority of Ontario (FSRA), and an update from the Canada Revenue Agency.

Updates on the Financial Services Regulatory Authority, Ontario government draft regulations on electronic communications, Income Tax Act changes, CRA publications, and recent decisions from Ontario, including the Nortel decision from the Financial Services Tribunal.

Ontario's April budget, variable benefits and annuity purchase regulations, FSCO surplus polices and FAQs and CAPSA DB funding recommendations and priorities for 2019-2022.