• 2017 Federal Budget Highlights

    On March 22, 2017, Minister of Finance Bill Morneau presented the 2017 Canada Federal Budget titled Building a Strong Middle Class.  The second budget from the Liberal federal government focuses on working middle-class families with children with changes to federal government benefits and tax credits. Budget 2017 provides additional details about investments promised in the previous

  • Notes on the British Columbia and Alberta Provincial Budgets

    On Tuesday, February 21, 2017, Finance Minister Michael De Jong delivered British Columbia’s fifth consecutive balanced budget.  On Thursday, March 16th, Alberta Finance Minister Joe Ceci delivered the 2017 Provincial Budget, which contains a number of provisions aimed at providing relief for Albertans despite a projected $10.3 billion deficit.   Both budgets highlighted a number of

  • BC Budget 2017: MSP Changes & Implications

    On Tuesday, February 21, 2017, Finance Minister Michael De Jong delivered British Columbia’s fifth consecutive balanced budget.  One of the key items of this pre-election budget was the announcement of reductions to Medical Services Plan (MSP) premiums. The Budget promises that MSP premiums will be cut in half for British Columbians with annual family net

  • BC FICOM Pension Stakeholder Engagement Forum (Summary)

    On March 7, 2017, the BC Financial Institutions Commission (“BC FICOM”) held a pension stakeholder engagement forum regarding the new pension legislation that became effective September 30, 2015. The intent of the forum was to provide stakeholders the opportunity to share experiences, and issues of the new legislation and for BC FICOM to provide information

  • Charles Manty’s Article on Private Investments Published in Benefits Canada

    Sounding Board: Holy grail of higher returns comes with a catch Article written by Charles Manty, Investment Consultant at PBI Actuarial Consultants Ltd., published in Benefits Canada. Extract Investors have seen fixed-income yields pushed lower as central banks venture into uncharted policy waters. Meanwhile, equities are once again vacillating in the face of multiple economic

  • The PBI Canadian Pension Solvency Index for the Period Ending December 31, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s GDP rose an annualized 3.5% in Q3 driven by net exports, consumption and inventories, following a 1.3% decline in Q2.  While a quarter of Canada’s oil production was temporarily halted in Q2 due to the Fort McMurray

  • The Ostrich has its Head in the Sand: Is it Scared or in Denial?

    Be it the recent U.S. election results, Brexit, changes to our own Canadian political landscape or events that have occurred in other countries around the world, there continues to be significant global social, political and economic unrest. Voters have become more cynical and distrustful of their political leaders and economic institutions, challenging traditional ways and

  • The PBI Canadian Pension Solvency Index for the Period Ending September 30, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s real GDP fell 1.6% during the second quarter of 2016 triggered by the wildfires in Fort McMurray which lowered petroleum output and exports.  As a result, the Bank of Canada revised its growth outlook downwards to 1.3%

  • FICOM Reports : Defined Benefit Pension Plans Registered in BC

    In the past two years, FICOM has published two reports on the pension plans registered in BC.  The first such report focused solely on defined benefit plans (June 2015) and the second included information on both defined benefit and defined contribution plans (August 2016).  Here are some comparisons and highlights for defined benefit plans from

  • The PBI Canadian Pension Solvency Index for the Period Ending June 30, 2016

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s economy grew at 1.1% over the twelve months ending March 2016.  This was less than half of the 2.5% GDP growth experienced in 2014 and the slowest since the 2009 recession.  The slower pace of growth is