Articles | July 7, 2021
Governance Update: July 2021 Pension News
Our Governance Update reviews news affecting pension plans. This issue identifies news from several provinces, as well as from the following federal entities:
- Canada Revenue Agency (CRA)
- Federal Department of Finance
- Office of the Superintendent of Financial Institutions
Download the issue to learn more details.
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Budget 2021 Imposes Restrictions for SMEPs
In its 2019 Budget, the government proposed changes to the Income Tax Act that would impact specified multi-employer pension plans (SMEPs).
Model MEPP is now fully funded
During the first quarter (Q1) of 2021, the funded status of Segal’s model multi-employer pension plan (MEPP) increased to 103 percent.
Ontario FSRA Guidance for Pension Plans
Our webinar discusses this new guidance and the impact it may have on your plan.
