News
Solvency Information Return
Has your pension plan submitted its Solvency Information Return to OSFI in Canada? This is required for all defined benefit or combination-type pension plans in Canada registered under the Pension Benefits Standards Act, 1985. This filing provides OSFI with...
Disclosure, Not Prescription: ESG Comes to Ontario DB Plans
As of January 1, 2016, all occupational defined benefit pension plans in Ontario are required to disclose any environmental, social and governance (ESG) factors that are incorporated in the pension fund’s investment policies and procedures. This requirement is a first...
Has Your Pension Plan Filed U.S. Form W-8BEN-E?
That’s right, there is now another filing for Canadian pension plan sponsors, this time having to do with American tax rules. American citizens, unlike citizens of most other countries, are required to pay taxes on all income worldwide, regardless of where it is...
US State Pension Shortfalls Get Worse
A new report from the PEW Charitable Trust shows that funding for public sector retirement plans in states across the US is getting worse, a situation which has been compounded by weak investment returns in 2015. New Jersey, for example, has only set aside 38% of what...
Letter to Canada Post: How to Pull $8.1 Billion Out of Thin Air
The federal government initiated a Canada Post review soon after coming into power in 2015. The review committee plans to hold hearing across the country but has already identified many of the issues that need to be addressed. A big problem for the Corporation is the...
Gold-Plated MP Pensions?
Now that Stephen Harper has retired, the Canadian Taxpayer Federation calculates that he will receive approximately $5.5 million in pension payments if he lives to age 90 (he is currently 58). Jason Kenney, who is currently 49, will receive around $6.3 million to age...
Canada Pension Plan Touts $14B Gain Last Year. Now What?
Assets in the CPP grew from $264.6 billion to $278.9 billion in the year ending March 31, 2016, reported the Canada Pension Plan in May. That doesn’t sound like much, when you consider the fund grew by $45.5 billion or 18.3 per cent in the previous 12 months. However,...
2017 YMPE Announced
The Canada Revenue Agency announced on November 3rd that the maximum pensionable earnings for 2017 will be $55,300—up from $54,900 in 2016. Contributors who earn more than $55,300 in 2017 are not required or permitted to make additional contributions to the CPP. The...
2016 YMPE Announced
YMPE Rate for 2016