The Insolvency Institute of Canada (“IIC”) Task Force on Pension Reform (the “Task
Force”) respectfully submits this report on behalf of the leading organization of insolvency
professionals in Canada. A brief description of IIC is attached as Schedule “A” hereto.
This report has been prepared in response to your request for comments on the proposed
changes to Canadian insolvency legislation and related acts, which have been set out in various
bills, specifically Bill C-476, C-487, C-501, S-214 and S-216 that are currently on the agenda of
the 40th Parliament (collectively, the “Proposed Legislation”) and other initiatives currently in
process relating to the treatment of pension and long term disability (“LTD”) obligations in an
insolvency context. The report is based upon the volunteer efforts of many members of the IIC
who participated in a number of meetings organized by the Task Force, and the comments herein
have been formally approved by the IIC.
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