Canada Day is a celebration of Confederation in 1867 and is a statutory (public) holiday in all provinces. This year, Canada Day falls on Sunday, July 1, a non-working day for most. So, what day will employees have off work? Most employers may have opted to give employees the following day, Monday, July 2 as the day off in lieu of Sunday, but some businesses may have chosen the previous Friday (June 29).
Archives for June 2018
The pace of pension reforms in Ontario has been fast-moving since the release of the Ontario Budget on March 28, 2018. Among other things, the Budget announced continued work on the new funding rules for defined benefit pension plans and related increases to coverage under the Pension Benefits Guarantee Fund, a consultation on a new funding framework for target benefit multi-employer pension plans, consultations regarding new protections for plan members affected by employer insolvencies, and continued work on the new pension and financial services regulator, the Financial Services Regulatory Authority.
The Comprehensive Economic and Trade Agreement (“CETA”) is a new agreement between Canada and the European Union (“EU”), which is now in force. Chapter 10 of CETA removes the requirement for a Labour Market Impact Assessment for three categories of EU foreign nationals entering Canada for business purposes.