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Health Canada identifies lithium-ion batteries, infant bath seats, and water beads as hazards of concern
Health Canada has recently identified three new classes of products that pose a hazard of concern.
United Kingdom | Publication | June 2023
An amendment to the Finance (No 2) Bill 2023 will clarify the tax treatment of stand-alone lump sums following the removal of the lifetime allowance charge from the start of the 2023/24 tax year. These benefits relate to members who were entitled to take the entirety of their benefits in lump-sum form before April 6, 2006, and the amendment allows them to continue to exercise that right, provided all uncrystallised benefits under the scheme come into payment at the same time.
The amendment to the Bill inserts an upper limit on the amount of stand-alone lump sum that may be paid to a member with effect from the start of the 2023/24 tax year. This limit is the maximum stand-alone lump sum that could have been paid to the member on April 5, 2023. The amendment clarifies that no income tax arises on any stand-alone lump sum not exceeding the April 5, 2023, maximum, while any excess stand-alone lump sum above that level will be taxed as pension income at the member's marginal rate.
Publication
Health Canada has recently identified three new classes of products that pose a hazard of concern.
Publication
An employer’s ability to ask for a sick note when an employee is absent from work due to illness is becoming increasingly curtailed across Canada.
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Since 2022, the Government of Canada has introduced three waves of amendments to the Competition Act (Act), making substantive changes to Canada’s competition laws, with the most recent amendments receiving royal assent on June 20, 2024.
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