Department of Finance Canada Launches Consultations on Federally Regulated Pension Plans
June 3, 2016 – Ottawa, Ontario – Department of Finance Canada
Canadians expect their government to ensure that the institutions managing their retirement savings are well regulated, stable and secure. This includes making sure that our federally regulated pension plans are able to build on their strengths and adapt to a changing world.
Canadian pension funds are now among the world’s most trusted and active institutional investors. As these funds have sought new investment opportunities in recent years, there has been an increase in holdings of corporate interests in which some pension plans play an active management role.
The Department of Finance Canada today announced the launch of consultations to assess the value of the 30 per cent rule—the rule that restricts federally regulated pension plans from holding more than 30 per cent of the voting shares of a company—in the prudent management of pension investments. The consultations will also seek views on the tax policy issues associated with the growth of active investments by pension plans.
Individuals or organizations interested in submitting their views are invited to review the consultation document in the link below. Submissions are requested on or before September 16, 2016.
Department of Finance Canada