Canada does not require that a corporation establish registered pension plans for its employees. However, if a corporation decides to do so, and the corporation subsequently becomes insolvent, a number of potential liabilities arise under Canadian insolvency and pension legislation.

In this article, Alex MacFarlane and Alexandra North discuss the following items:

• Regulatory Framework
• Directors and Officers
• Directors' and Officers’ liability for under funded pension plans
• Recent Legislative Amendments to the BIA and CCAA
• Interim Receivers, Receivers, Trustees and Monitors and Successor Employer Liabilities
• Monitors Exposure to Potential Successor Employer Liabilities
• Amendments to the BIA and the CCAA
• Obligations of Trustees, Interim Receivers and Receivers under the BIA in respect of Certain Pension Plan Contributions

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