May 12, 2016 by Aiwen Xu in English, Ontario, Pensions and Benefits
  • Comments Off on A Quick Guide to the Taxation of Retiring Allowances

A Quick Guide to the Taxation of Retiring Allowances

When an employee’s employment is terminated without cause, the employee will typically receive some form of a termination/severance payment. All or part of this termination/severance payment may be considered a “retiring allowance” under the Income Tax Act, providing the employee with additional options in respect of the allocation of the

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March 21, 2016 by Aiwen Xu in Pensions and Benefits
  • Comments Off on Out with the Old, In with the New: What’s New with the Ontario Pension Regulator

Out with the Old, In with the New: What’s New with the Ontario Pension Regulator

FSCO reminds administrators about their roles and responsibilities On January 25, 2016, the Financial Services Commission of Ontario (“FSCO”) issued a new policy that describes the roles and responsibilities of administrators of registered pension ...

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