In our July 2024 update, we mentioned that we were waiting for amendments to federal Income Tax Regulations (ITR). We are pleased to share that these amendments were approved and implemented in March 2025.
Unfortunately, the federal amendments took much longer than we would have expected or wanted, even with support from all parties. As a result, it’s unlikely that VSPs and lump sum payments to pensioners will be offered or paid before early 2026. The Company has committed to moving forward as quickly as possible, but they don’t control the timing for all approvals and conditions, so further delays are possible.
Read Bulletin here…
