The Power of Perspectives

The Canadian Bar Association

Kim Covert

CBA influence

Offering asylum is about more than opening borders

By Kim Covert November 15, 2017 15 November 2017

 

A good host makes sure that there is enough food and drink and other amenities to make those invited to the party feel welcome and comfortable. Canada is in danger of being a bad host to its most recent arrivals.

Asylum-seekers have been streaming across the Canada-U.S. border since last winter, thanks to an unwelcoming environment in the U.S. and the prime minister’s announcement in January that they would be welcome in Canada.

However sincere Canada might be about wanting to accept people fleeing war and persecution in their home countries, the fact is that the departmental infrastructure was already having trouble keeping up with the number of regular immigration applications.

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CBA influence

Repository for unclaimed pension entitlements a good idea

By Kim Covert October 31, 2017 31 October 2017

 

If you have a sneaking feeling that you forgot to close out a bank account a long time ago, maybe in a province where you used to live, the Bank of Canada’s unclaimed balances registry can help you either set your mind at rest or set you on your way to reclaiming your cash.

The Bank of Canada takes over accounts that have been inactive for 10 years. If there’s less than $1,000 in the account, it holds the money for 30 years, and if there’s more than $1,000, it will hold on to it for 100 years.

The CBA Pension and Benefits Law Section thinks it would be a good idea if the bank did the same thing for unclaimed pension monies.

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CBA Influence

Harmonize pension plan regulations for efficiency, says CBA Pension Section

By Kim Covert October 30, 2017 30 October 2017

 

The Pension and Benefits Law Section called once again for a harmonized pension regulatory system in its October comment on the Office of the Superintendent of Financial Institution’s revised draft derivatives guideline for federally regulated pension plans.

Derivatives include an assortment of financial or commodity contracts, including forwards, futures, swaps and options. Used prudently, derivatives can be used by pension plan administrators to implement risk management strategies that can reduce risks associated with a range of financial variables like exchange rates, interest rates, market indices and commodity prices.

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CBA influence

Modernizing air transportation: Tariffs, complaints and the definition of Canadian

By Kim Covert October 27, 2017 27 October 2017

 

It’s probably never a bad thing when a government decides to modernize its laws and regulations. The Canadian Transportation Agency announced last year its intent to do just that – bring regulations that haven’t changed in 25 years or more in line with the current reality.

To that end, last December the CTA released its Discussion Paper on Regulatory Modernization for Air Transportation. The Air and Space Law Section has made its comments on Phase II of the paper, focusing on modernizing the Air Transportation Regulations with a view to streamlining existing tariff and application requirements, and enhancing the certainty of legal obligations imposed on carriers.

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CBA Influence

Once more unto the breach regulations

By Kim Covert October 26, 2017 26 October 2017

The news of a data security breach can send a chill through your bones. Anyone who’s ever shared sensitive information online is vulnerable, and these days that’s more and more of us – think of the three billion people affected by the breach at Yahoo! this summer.

The federal government is drafting regulations under PIPEDA on how and when to notify people whose information may have been caught up in a breach. They published those draft regulations in the Canada Gazette in September.

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