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Ontario to Eliminate the 30% Pension Investment Rule, Move Forward with the ORPP and Provide Solvency Funding Relief

December-2-2015

Lawyer John Alton., Monique McAlister
Area Corporate and Commercial, Employment and Labour, Pensions

Summary

Without any fanfare, the Ontario government has announced its plans to eliminate the 30% Rule for pension investments.  The 2015 Ontario Economic Outlook and Fiscal Review (Economic Review) released by the Ontario government on November 26, 2015, includes the following statement buried at page 65: 

“To open up new investment opportunities and tap the capacity of the pension sector to contribute more to economic growth, the government intends to eliminate the “30 per cent rule,” which restricts Ontario pension funds from owning more than 30 per cent of the voting shares of a corporation.”

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