• Federal, Provincial and Territorial Governments Announce Agreement in Principle to Enhance Canada Pension Plan

    On June 20, 2016, the Federal Minister of Finance and his provincial and territorial counterparts announced that an agreement in principle had been reached between the federal government and the provinces and territories on Canada Pension Plan (CPP) enhancement during the first day of meetings at the Federal-Provincial-Territorial Finance Ministers’ Meeting in Vancouver. The CPP

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

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s economy grew at 1.2% for the full year ending 2015.  This was less than half of the 2.5% GDP growth experienced in 2014 and the slowest since the 2009 recession.  Much of the same is expected for

  • 2016 Federal Budget Highlights

    On March 22, 2016, Minister of Finance Bill Morneau presented the 2016 Canada Federal Budget titled “Growing the Middle Class” (Budget 2016).  The first budget from the recently elected Liberal government prioritizes help for Canada’s middle class.  Budget 2016 features numerous measures to improve infrastructure, eliminate and amend a number of tax benefits including the

  • Changes to Tax Legislation Regarding U.S. Real Estate Investments

    In December 2015, the U.S. government revised the tax treatment of property investment for foreign investors, including Canadian pension plans, through changes to FIRPTA. Prior to modification of FIRPTA, gains from the sale of real estate assets in the United States were subject to different taxes that reduced net returns earned by foreign investors, including

  • Socially Responsible Investing in 2015

    The Principles for Responsible Investment are an initiative of Mr. Kofi A. Annan, former Secretary General of the United Nations. In 2005, he invited major global investors to develop a set of general principles for good conduct with a specific focus on responsible investment. As of February 2016, the PRI has 1,481 signatories from over

  • 2016 Guide to Government Benefits in Canada

    This guide was specifically designed to provide pension and group benefits plan sponsors with convenient access to information on the publicly-funded benefits specific to the province of residence of their plan members. The 2016 Guide includes information on changes to the Canadian Pension Plan, Old Age Security, Guaranteed Income Supplement, Employment Insurance, Federal and Provincial

  • Provincial Budgets 2016: Ontario

    On February 25, 2016, Ontario Finance Minister Charles Sousa presented the 2016 Ontario Budget, Jobs for Today and Tomorrow (the “Budget”). This budget focuses on a series of initiatives to help strengthen retirement security in the province. The Budget includes boosts to health spending in a number of areas, raises the cost of some drugs for

  • Summary of Avinash Maniram’s Presentation on Coping with Sedentary Lifestyles Published on the IFEBP’s Blog

    Avinash Maniram, Group Benefits Consultant at PBI,  presented “Is Sitting the New Smoking? Coping With Sedentary Lifestyles” at the 2016 Canadian Health and Wellness Innovations Conference. A summary of his presentation was published on the blog of the International Foundation of Employee Benefits Plans (IFEBP). Please click on the following link to view the article

  • Ontario Releases Further Details on ORPP

    On January 26, 2016 the Ontario Government announced further details regarding the design of the Ontario Retirement Pension Plan (ORPP). The released details, combined with details that were released last August, will help employers prepare for the implementation of the ORPP, beginning on January 1, 2017. The details include information on the structure of benefits, compliance

  • Article Explaining Pension Plan Stochastic Modelling Published in Benefits Canada

    The ups and downs of stochastic modelling Article written by Julia Friesen, Analyst at PBI Actuarial Consultants Ltd., in collaboration with Charles Manty, Investment Consultant, published in Benefits Canada. Extract Are you interested in forecasting your pension plan’s funded position? If so, read on. In fact, you can even determine your plan’s expected average contributions