BMKP Sidebars

For the latest news, announcements and insights be sure to subscribe to our e-mail mailing list so you never miss an update. If you have any questions regarding an update, please do not hesitate to call a sidebar with any of us – we’re here to help.
Search What We Think
Sidebar

Updated CAPSA CAP Guideline: A Call for Plan Administrators to Reassess CAP Governance, Communication, Arrangements, and Policies

October 23, 2024

On September 9, 2024, the Canadian Association of Pension Supervisory Authorities (“CAPSA”) released the much-anticipated final version of the updated guideline for capital accumulation plans (“CAPs”). Guideline No. 3 – Guideline for Capital Accumulation Plans…Read More

Sidebar

Strategic Risk Management: Best Practices for Pension Plan Administrators

October 09, 2024

In the face of an ever-changing and increasingly complex pension landscape, the Canadian Association of Pension Supervisory Authorities (“CAPSA”) released Guideline No. 10, Guideline for Risk Management for Plan Administrators…Read More

Sidebar

Five Years Later: Annuity Buy-Out Transactions under the Ontario Pension Benefits Act

April 03, 2024

This Sidebar updates our June 20, 2018 Sidebar, “Ontario Pension Benefits Act Amended to Provide a Discharge for Buy-out Annuity Purchases Effective July 1, 2018” After years of significant and prolonged…Read More

Sidebar

Navigating Risk in a Digital World: A Review of FSRA's Finalized Guidance on IT Risk Management

January 18, 2024

Information technology risk and cyber security risk have become prominent issues in recent years. Unsurprisingly, Canadian pension regulators have begun to issue policies on this topic.[1]  Late last year, the Financial Services Regulatory Authority of Ontario (“FSRA”) released finalized Guidance…Read More

Sidebar

Everyone makes (DC contribution) mistakes. So, what is the process for fixing them? (Update)

January 04, 2024

Authors
Jenifer
Elmy

This Sidebar updates our March 10, 2022 Sidebar, “Everyone makes (DC contribution) mistakes. Soon it will be easier to fix them.”, to address the amendments…Read More

Sidebar

A Made-in-Canada Plan: Pension and Benefit Highlights from the 2023 Federal Budget

April 04, 2023

Justin Trudeau’s Liberal Government has released its seventh budget, Budget 2023. The Budget, titled A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future, was tabled by Deputy Prime…Read More

Sidebar

Employer Entitled to 100% of Pension Plan Surplus

November 30, 2022

Authors
Jennifer
Agnew

As far as pension matters go, dealing with surplus funds is a good “problem” for an employer to have. When excess assets remain in a pension fund after all pension benefits have been paid to plan members, that surplus may be paid to the employer, paid to plan members, or shared between the employer…Read More

Sidebar

Moving Beyond the Pandemic: Pension and Benefit Highlights from the 2022 Federal Budget

April 13, 2022

On April 7, 2022, Justin Trudeau’s Government released its sixth budget, called A Plan to Grow Our Economy and Make Life More Affordable (Budget 2022). Budget 2022 is the first “post-pandemic” budget…Read More

Sidebar

Everyone makes (DC contribution) mistakes. Soon it will be easier to fix them.

March 10, 2022

Authors
Jennifer
Agnew

This Sidebar has now been updated by our January 4, 2024 Sidebar: “Everyone makes (DC contribution) mistakes. So, what is the process for fixing…Read More

Sidebar

Temporary DB Plan Funding Relief Introduced in Ontario

September 23, 2020

Authors
Terra
L. Klinck
Jennifer
Agnew
Jason
R. Paquette

On September 21, 2020, the Ontario Government filed Regulation 520/20 under the Ontario Pension Benefits Act (“Ontario PBA”), which offers temporary short-term funding relief to eligible employers to assist with cashflow constraints during the COVID-19 crisis. Eligible employers…Read More