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Article | Client Advisory

Highlights of the 2022 federal budget

April 8, 2022

The 2022 federal budget sets out important items and changes, notably about the public dental benefits, national Pharmacare and solvency reserve accounts for federally regulated pension plans.
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The 2022 federal budget was tabled on April 7, 2022. It sets out several important items and changes that are of interest to employers, and sponsors of pension and benefit plans. These include further details on the public dental benefits and national Pharmacare announced earlier as part of the Liberal government’s agreement with the New Democratic Party, as well as an announcement that solvency reserve accounts will be introduced for federally regulated pension plans.

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