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Poll

We need your opinion

Are there plans to change the type of pension/retirement savings plan you offer/is offered by your employer in the next 12 months?

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Result

Provincial Goverments

ACPM Letter to Alberta Finance re Private Pension Plan Funding Relief Measure (March2012)
ACPM Letter to Ontario Finance re Private Pension Plan Funding Relief Measure (March2012)
In March 2011, the Régie des rentes du Québec stated its position after it tightened its requirements for financial statements of pension plans registered in Québec. This position was to the effect that financial statements must be standard and prepared in accordance with Canadian generally accepted accounting principles (GAAP) and which, failure to report pension obligations as benefit payments, would result in the independent auditor issuing an adverse opinion on such financial statements.

As a stakeholder in the consultations that followed after the position was taken and that helped to update the position, ACPM therefore commends the notice recently published by the RRQ, which stipulates that financial statements produced as at December 31, 2011, may be, at the discretion of the plan administrator, for special purpose and exclude pension obligations without requiring an adverse opinion. Click here to consult the RRQ notice. (in French)