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New Brunswick’s Bill 30: An Act To Amend The Pension Benefits Act
On April 12, 2002, the government of New Brunswick introduced Bill 30, An
Act to Amend the Pension Benefits Act, for first reading. Bill 30 was
passed on May 30, 2002 and received Royal Assent on June 7, 2002. Some of the
provisions of Bill 30 are deemed to have come into force on December 31, 1991
and December 1, 2000, with the remainder awaiting proclamation.Nova Scotia’s Bill 9: An Act To Amend The Pension Benefits Act
On March 27, 2001, the government of Nova Scotia tabled Bill 9, the Pension
Benefits Act (amended), for first reading. The Bill passed third
reading and received Royal Assent on May 30, 2002. Alberta Releases Supplemental Employee Retirement Plan Policy Bulletin No. 22
Most readers are well aware that the defined benefit accrual limit under the Income Tax Act (ITA) , which affects employees earning more than $86,111 per year has been effectively frozen since 1976 and an increase is not expected until 2005. As more and more employees bump against that limit each year, many plan sponsors are seeking ways to fully fund the pension promise on a tax-effective basis.
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