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Pension Protection Act (Bill C-228) receives Royal Assent

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April 28, 2023

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The Pension Protection Act (Bill C-228) received Royal Assent on April 27, 2023. The Bill amends the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to give “super priority” to registered pension plan funding deficits when an employer is insolvent. The changes will come in to effect in 4 years in respect of existing registered pension plans.

To read the full details of Bill C-228, click on more information below:

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