The Budget announces that the federal government will shortly be
launching a public consultation on the usefulness of the
30-per-cent investment restriction, which restricts pension plans
from holding more than 30 per cent of the voting shares of a
The federal government additionally stated that it proposes to
broaden the scope of its ability to enter into with bilateral
agreements with provinces under the PBSA, so that the federal and
provincial governments can better oversee certain pension
PENSION INCOME SPLITTING UNAFFECTED
The Budget proposes to eliminate income splitting for couples
with minor children but expressly states that pension income
splitting will not be affected by this change.
ENHANCING THE CANADA PENSION PLAN (CPP)
The Budget notes that in December 2015 the federal government
began discussions with the provinces and territories on enhancing
the CPP. The federal government's stated goal is to be able to
make a collective decision before the end of 2016. The Budget
announces that the federal government will launch public
consultations in the coming months to obtain views on the enhancing
OLD AGE SECURITY (OAS) AND GUARANTEED INCOME SUPPLEMENT
As expected, the Budget proposes to cancel the provisions of the
Old Age Security Act that increase the age of eligibility for OAS
and GIS benefits from 65 to 67 and allowance benefits from 60 to
62. Also higher GIS and allowance benefits will be provided in
certain circumstances. The federal government also states that it
is committed to ensuring that OAS and GIS keep pace with the actual
costs of living faced by seniors and is looking at ways to develop
a new Seniors Price Index.
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Emotional culture is influenced in great part by the mindset and actions of leadership, although employees also play more of a role than they may realize in creating the culture that exists in the group.
The session will be led by Dr. Robert Brooks, an award-winning author and psychologist. In his presentation, Dr. Brooks will describe the mindset and realistic practices of leaders and staff that help to nurture and sustain a culture characterized by positive emotions, satisfying, respectful relationships, a sense of meaning and ownership for one’s work, and enhanced job performance. Examples will be offered to illustrate strategies for developing a positive emotional culture in an organization.
Join leading lawyers from the Blakes Pensions, Benefits & Executive Compensation group as they discuss recent updates and legal developments in pension and employee benefits law as well as strategies to identify and minimize common risks.
Ready? The company wants its in-house lawyers to be on the front lines, but there is little to no training around how to “look for risk,” let alone how to evaluate it or report it. Our special guest, Sterling Miller, will present simple ideas and processes you can use to spot and identify risk, and demonstrate how to evaluate and manage that risk alongside the business.
Unfortunately, reasonable accommodation for employees in the workplace continues to be the source of significant litigation and even today we continue to see outrageous examples of employers behaving badly.
We are now beginning to see reported cases involving charges and subsequent fines laid against employers for failing to provide information, instruction and supervision to protect a worker from workplace violence.
On October 13, 2016, the Supreme Court of Canada denied leave to appeal an Ontario Court of Appeal decision which ordered an employer to pay a former employee 37 months of salary and benefits following termination.
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