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The Plan for Care and Opportunity Act (Budget Measures), 2018

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The Plan for Care and Opportunity Act (Budget Measures), 2018

Ministry of Finance

The Plan for Care and Opportunity Act (Budget Measures), 2018 implements measures in the 2018 Ontario Budget and includes amendments to various statutes:

Financial Services Regulatory Authority of Ontario Act, 2016

Amending the act to allow the Minister of Finance to transfer functions and other duties of the superintendent of Financial Services/the Financial Services Commission of Ontario to the chief executive officer of the Financial Services Regulatory Authority of Ontario (FSRA).

Pension Benefits Act

Removing from the act age and years of employment or membership requirements that must be met for a person's benefits to be guaranteed by Ontario's Pension Benefits Guarantee Fund, if the pension plan is wound up on or after May 19, 2017.

Other amendments increase the fund's maximum monthly guarantee to $1,500 from $1,000 per month for plans with a wind-up date on or after May 19, 2017. These changes will help many employees affected by employer solvency.

Pooled Registered Pension Plans Act, 2015

Amending the act to streamline the way businesses enter or amend a multilateral agreement, harmonizing Ontario's process with the federal government's pooled registered pension plan process.

Early Childhood Educators Act, 2007 and Ontario College of Teachers Act, 1996

Amending both acts to strengthen the committees of the College of Early Childhood Educators and the Ontario College of Teachers to ensure professional standards and assess fitness to practise. This will enable the colleges to better respond to cases of professional misconduct involving sexual abuse and require them to establish and administer programs to provide funding for therapy and counselling for children and students.

City of Toronto Act, 2006

Extending the deadline under the act to June 30, 2018 for the City of Toronto to pass a bylaw to change its council composition for the 2018 municipal election.

Assessment Act

Amending the act to make non-profit child care centres exempt from paying property tax and expand the Minister's authority to establish alternative procedures for determining whether land falls into optional classes or subclasses, and for appeals from those determinations. Other changes enable municipalities to specify individual properties that are in property classes or property subclasses.

Solicitors Act

Amending the act to remove the prohibition against including legal costs in a contingency fee agreement without court approval, and clarifying that paralegals are subject to the rules relating to contingency fee agreements. This will ensure that lawyer and paralegal contingency fees are fair, transparent and clear.

Law Society Act

Amending the act to change the Law Society's name from the "Law Society of Upper Canada" to the "Law Society of Ontario", and recognizing paralegals as officers of the court in all courts in which they are able to provide legal services.

For more details on all schedules in Bill 31, the Plan for Care and Opportunity Act (Budget Measures), 2018, please visit the Legislative Assembly of Ontario website.

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