EN /FR
Hollinger Canadian Publishing Holdings Co. (“HCPH”)
Update – December 23, 2015
We are pleased to report that HCPH will be paying a third and final distribution to all eligible creditors of HCPH, which are predominantly retirees with OPEB claims. The distribution is expected to be released before the end of December, 2015. As you are aware, the second distribution was paid by HCPH in March/April 2015. Since that time, the company has been working to finalize corporate tax and other administrative matters that needed to be addressed prior to being able to determine the amount of remaining funds available for a final distribution. We have been in touch with the company on a regular basis to address the remaining issues so that the final distribution could proceed. The final distribution is expected to be approximately 2.6 cents on the dollar of claim amounts that have been “grossed-up” (i.e., increased) to take into account the impact of income tax. The third distribution will bring the total distribution paid by HCPH to creditors in its CCAA proceeding to approximately 21-22 cents on the dollar (comprised of the 7 cents/dollar distribution in June 2014; the 12-13 cents/dollar distribution in March 2015, and the third and final 2.6 cent/dollar distribution in December 2015). Pursuant to the January 30, 2015 court order which approved the company proceeding with a final distribution, due to the administrative costs to HCPH associated with the preparation of any distribution, eligible retirees will only receive a cheque if an OPEB claim generates a cheque of $10 or more to the retiree. Tax slips will be mailed to you by HCPH under separate cover and are expected in early 2016. We mailed a letter on December 21, 2015 to all HCPH retirees providing an update on the distribution, the CCAA proceedings and the filing of income tax returns for those with health benefit claims. To view a copy of our letter please click here. UPDATE – Tax Inquiries Regarding Advance Tax Ruling (updated March 26, 2015) We have received questions regarding the filing of tax returns for amounts relating to the Advance Tax Ruling (ATR) and how to report the amounts relating to your claim for the loss of health benefits. If you have not yet filed your 2014 tax return If you have not yet filed your 2014 tax return, you should refer to the cheque stub that was sent by HCPH with your June 2014 distribution to identify the amount of your health benefit claim. Please contact us if you do not have a copy of your stub. The amount that relates to your health benefit claim does not need to be reported on your tax return. You only need to report amounts for any other distributions (e.g. in respect of your claim for life insurance, etc.) you may have received on line 101 of your tax return. The breakdown of amounts and what types of claims you have is set out in the cheque stub. For example, if box 14 on the T4 you received from HCPH indicates you received $1,000 in respect of employment income and your June 2014 stub indicates that $600 of this amount relates to your health benefit claim and $400 relates to other claims, you should only report $400 on line 101 of your tax return but not the $600. All other claims other than the health benefit claim are taxable and should be reported. The tax withheld by HCPH as shown on your T4 slip should be included on line 437 of the tax return, and the Employment Insurance (EI) premiums should be reported on line 312. These amounts will be credited towards your other 2014 tax payable. If the amount of tax withheld and EI contributions are greater than the amount of tax and EI you were required to pay for 2014, you will be entitled to receive a refund from CRA. It is important that you provide CRA with a copy of the ATR. As we advised in our past correspondence, please instruct your tax preparer to enclose the ATR with your tax return when it is filed, or if you prepare your tax return yourself, please ensure that you enclose the entire ATR document that we previously sent to you with your return. If you file your tax return online, we recommend that you also mail the ATR to your local tax office of the CRA with a cover letter making clear that the ATR should be considered along with your tax return. The tax services office address can be found on the CRA website: http://www.cra-arc.gc.ca/cntct/tso-bsf-eng.html. A copy of the Advance Tax Ruling (ATR) is available here. The ATR only applies to amounts withheld by HCPH on its distribution payment to you which the company then paid to CRA. If you are filing a return to Revenu Quebec you will not receive a refund for the amounts withheld by HCPH and paid to Revenu Quebec under the Taxation Act (Quebec). If you have any questions about this please let us know. If you have already filed your 2014 tax return If you have already filed your tax return, please review the Notice of Assessment that you receive from CRA. If the Notice of Assessment includes the amount of your health benefit distribution in the calculation of your income, then that is an error. Please contact us at hcph@kmlaw.ca or by telephone at 1-866-545-9917 immediately, and we can assist contacting CRA within 90 days of the date of the Notice of Assessment to object to the Notice of Assessment on your behalf. Medical Expense Tax Credit There is no requirement to report the distribution you received in respect of health and dental benefits (the “Payments”) on your federal T1 General Income Tax and Benefit Return. However, you should not claim the medical expense tax credit for 2014 and following years until such time as your cumulative medical expenses since the receipt of the Payments exceed the Payments received. For example, Mr. X receives payments of $2,500 in 2014 and $5,000 in 2015. Mr. X incurred expenses eligible for the medical expense tax credit of $2,000 in each of 2014, 2015, 2016 and 2017. Mr. X should not report the Payments on his 2014 or 2015 T1 returns. Mr. X should not claim the medical expense tax credit until his expenses exceed the amount of the Payments of $7,500. Consequently, he will not claim the medical expense tax credit in 2014, 2015 or 2016 and will claim a $500 medical expense tax credit in 2017. The above does not apply for Quebec tax purposes. Individual residents in Quebec are required to report the Payments on form TP-1.D-V, and the Payments do not affect the claim medical expense tax credits on form TP-1.D-V for Quebec income tax purposes. This information was sent to those identified as a retiree who received a distribution payment form the company in June 2014 in respect of a claim for the loss of health benefits from HCPH. To view a copy of the letter, please click here. If you have any questions with respect to filing your 2014 tax return and the ATR, please do not hesitate to contact our toll-free hotline at 1-866-545-9917 or email us at hcph@kmlaw.ca and we can assist you further. Update – March 4, 2015 We are pleased to report that on January 30, 2015, the Superior Court of Justice (Commercial List) approved the motion by the company for a second distribution to retirees with OPEB claims. The approval follows months of negotiations with the Canada Revenue Agency with respect to finalizing corporate tax issues and the court order includes an approval of the Memorandum of Agreement that was entered into between the parties. The Company is still finalizing outstanding certain financial liabilities in order to be able to determine the distribution amount but we expect a distribution rate in the range of 12 to 13 cents on the dollar to be released in late March 2015. We will provide information regarding the timing and amount of the distribution as soon as it is available. To view a copy of the Order of Mr. Justice McEwen, please click here. To view a copy of the Endorsement by Justice McEwen, please click here. Uncashed Cheques In finalizing the second distribution, the Court also approved a protocol for any uncashed cheques. Section 5.08 of the CCAA Plan of Compromise provides that cheques that become stale-dated (i.e., uncashed cheques that are older than 6 months) will be returned to the available cash pool for distribution to other creditors. As a result, the Court ordered that Representative Counsel and the company will make reasonable efforts to contact anyone with an uncashed cheque and will assist the person in cashing the cheque or obtaining a replacement cheque. Any uncashed cheques that become stale-dated after six months will form part of the uncashed distribution fund and depending on the size of the uncashed distribution fund, may result in a further and final distribution to OPEB members. Please note that pursuant to section 5.05 of the HCPH CCAA Plan of Compromise, the Company is not required to send cheques of $10 or less. As a result, whether or not a further third and final distribution will be sent to an OPEB claimant will depend on the size of the final available cash pool and the size of your claim. Tax Gross-Up Adjustment for Health Benefit Claims Before we obtained the Advance Tax Ruling, a tax gross-up amount was added to each retiree’s health claim on account of the impact of income tax. Due to the successful Advance Tax Ruling, this claim needs to be adjusted to ensure an overpayment is not made. This means that you will have the amount that was received on the interim distribution reduced from your final claim as you are able to receive a refund from the CRA when you file your taxes. The adjustment is necessary as the Advance Tax Ruling holds that no tax is payable on the distribution in respect of the health benefit claim. As explained in our December 22, 2014 letter, if you are a retiree who received a distribution in 2014 in respect of a health benefit claim, you should provide a copy of the Advance Tax Ruling to your tax preparer when you file your tax return in 2015 so that you can recover the tax that the company withheld from the June 2014 distribution relating to your health benefit claim. It is important that CRA receives a copy of the Advance Tax Ruling (ATR) document. Please instruct your tax preparer to enclose the Advance Tax Ruling with your tax return when it is filed, or if you prepare your tax return yourself, please ensure that you enclose the Advance Tax Ruling with your return when you file your own taxes. If you file your tax return on line, we recommend that you mail the ATR to CRA with a cover letter making clear that the ATR should be considered with your tax return. The adjustment to health benefit claims was Court approved pursuant to section 5.09(b) of HCPH’s CCAA Plan of Compromise to ensure there were not any improperly inflated claims that would prejudice those who did not have a health benefit claim. 2014 T4 Slips The Company sent out T4 slips to OPEB claimants in respect of the June 2014 distribution. If you have not received your T4 slip please contact the Company directly at 416-361-1666. Update – December 22, 2014 We mailed a reporting letter to all retirees on December 22, 2014 providing an update on a number of issues, including the next interim distribution, our success at obtaining an Advanced Tax Ruling from CRA that distributions from HCPH in respect of retirees’ health benefit claims are not taxable, and a refund from HCPH pension plans to HCPH as part of the pension wind up process. A copy of our mailing can be viewed here. CRA Advanced Tax Ruling – Distribution in Respect of Retiree Health Benefit Claims are not Taxable We are pleased to report that we recently received the Advance Tax Ruling from CRA granting our request that the distributions with respect to the health benefit claim be held non-taxable. The Ruling will provide tax savings to all retirees with a health benefit claim as the distribution amounts in respect of that claim have been expressly held by CRA to be not subject to tax. To view a copy of the Ruling please click here If you are a retiree who received a distribution in 2014 in respect of a health benefit claim, we suggest you provide a copy of the Ruling to your tax preparer when you file your tax return in 2015 so that you can recover the tax that the company withheld from the June 2014 distribution relating to your health benefit claim. The company should provide you with a T4 slip in early 2015 reflecting the June 2014 distribution. Pension Refund to HCPH for the Wind-Up Process As we explained in prior correspondence, we were successful in negotiating a transaction with BMO Insurance (“BMO”) for the company to be able to purchase annuities to continue full payment of pension benefits from all HCPH pension plans (i.e., without any reduction), and still have some funds remaining for distribution to retirees on OPEB claims. All eligible pensioners should by now have received correspondence from BMO explaining the annuity process, and are receiving continuation of full pension benefits from BMO. As part of the pension wind up process, it was subsequently determined that there was approximately $3.8 million of excess funds that remained in the HCPH plans after the purchase of the annuities with BMO using the pension fund assets. The company applied to the Financial Services Commission of Ontario (“FSCO”) for a refund of those funds and on November 12, 2014, FSCO approved the payment of approximately $3.8 million from the HCPH pension plans to HCPH. HCPH has advised us that it expects to receive these funds imminently. When received, these funds will also contribute towards the next distribution and will generate a higher payment to retirees. Pacific Press Trust Wind Up As previously report on this website, we are pleased to report that on August 19, 2014, Mr. Justice McEwan of the Ontario Superior Court of Justice (Commercial List) granted HCPH’s motion to withdraw funds from the dormant Pacific Press Trust for payment back to HCPH. The payment back to HCPH will provide approximately $1.48 million of additional cash for HCPH to distribute to creditors of HCPH, of which the retirees are the overwhelming group. To view a copy of Justice McEwan’s order and endorsement please click here. We conducted an extensive investigation of the former beneficiaries of the trust and had discussions with the applicable union (Unifor, Local 2000, formerly CEP, Local 2000) to ensure that the rights and benefits of any former beneficiaries were protected. The Union confirmed to us that all of their affected members were sufficiently protected. Accordingly, we attended in court with the company to support the motion for the withdrawal of the trust funds. The Pacific Press Trust was established by Pacific Press Limited, a subsidiary of Southam Inc., to provide disability and other benefits for employees and disabled employees of Pacific Press in accordance with the provisions of the Pacific Press Members’ Benefit Plan. Southam, along with other Hollinger entities operated a newspaper business that included Pacific Press Limited. Southam subsequently became part of HCPH and in 2000, HCPH sold Pacific Press along with the majority of its other newspaper assets to CanWest. As part of this transaction, and following an arbitration and settlement agreement, amounts were paid by HCPH to CanWest in respect of liabilities for certain inactive employees. As a result, ten persons who were identified as originally designated as eligible beneficiaries of the Pacific Press Trust continued to receive benefits they are entitled to from plans through CanWest instead of the Pacific Press Trust. The Pacific Press Trust has been dormant and inactive for almost fifteen years. Neither the Pacific Press Trust nor HCPH is paying any amount to the Former Beneficiaries. No one, including the Trustees or any of the Former Beneficiaries, or anyone else, has made any claim or asserted any legal claim or other entitlement to any of the trust funds. For more information and background on the Pacific Press Trust, please see the Motion Record of HCPH that has been filed for the August 19, 2014 motion, which can be accessed here. Please also see the Motion Record of HCPH that was filed when HCPH sought directions from the Court with respect to the proposed motion, dated May 12, 2014, which can be accessed here. The Court provided direction to HCPH in respect of the motion including for preparation of and posting a notice, which can be viewed here. If you have any questions about the mailing or any of the above information, please feel free to contact us on our toll-free hotline at 1-866-545-9917 or email us at hcph@kmlaw.ca |
Background
By Order of the Ontario Superior Court of Justice dated December 10, 2009, Koskie Minsky LLP (“KM”) was appointed as Representative Counsel to act for all OPEB Plan members and beneficiaries in respect of issues affecting these members’ post-employment and post-retirement benefits in HCPH’s proceedings under the Companies’ Creditors Arrangement Act (“CCAA”). On July 27, 2010, the scope of KM’s role as Representative Counsel was expanded to include issues that affect members or beneficiaries of the companies’ Pension Plans (as defined in the Court documents).
CCAA Plan
As Representative Counsel, we negotiated with HCPH and Ernst & Young Inc. (the “Monitor) to determine the claims of retirees against HCPH. An agreement was reached in June 2012, which included the windup of six registered pension plans HCPH sponsored and the calculation of claim amounts for retirees in respect to the termination of other post-employment benefits (“OPEBs”). Details of the CCAA Plan of Compromise were provided in a letter to members dated June 18, 2012, a copy of which is available here.
The CCAA Plan was approved by HCPH’s creditors at the creditors’ meetings held on July 20, 2012 and sanctioned by the Court on July 31, 2012. It provided for a small payment to the pension plans to ensure that they were fully funded, and the rest of the funds would flow to the OPEB claimants.
Motion to recover funds from STMG Trust for HCPH
In April 2012, Representative Counsel filed a motion with the Court for the recovery of amounts from a trust fund set up by HCPH, at the direction of SunTimes Media Group (“STMG”), to indemnify the directors of STMG against a series of defamation suits brought by Conrad Black. Representative Counsel took the position that the amount remaining in the trust fund should be returned to HCPH. The motion was settled through mediation held in September 2012, with HCPH recovering $2.95 million. As the retirees are the predominant creditor group of HCPH, the bulk of those funds flow to members as contributions to the underfunded HCPH pension plans and then as a cash distribution in respect of OPEB claims. A copy of the endorsement of Associate Chief Justice Cunningham from the mediation is available here.
High annuity purchase costs for HCPH pension plans
In December 2012, Representative Counsel was informed by HCPH’s actuary, Mercer Canada Ltd. (“Mercer”), that the initial cost for HCPH to purchase annuities from life insurance companies to take over the payment of pension benefits had been underestimated.
As a result, HCPH advised in December 2012, that there was not enough cash available in the pension plans and the company’s own assets to purchase annuities to continue the payment of pension benefits at full amounts. Furthermore, if the annuity purchases proceeded at those prices, not only would it result in a reduction for pension benefits but there would not be any cash left in HCPH for a distribution on the OPEB claims of retirees.
Given the above development, Representative Counsel took the position that the CCAA Plan of Compromise (“Plan”) could not be implemented as originally planned, as the premise of the Plan had been based and negotiated that a payment would be required for the pension annuity purchases, leaving an amount to distribute on behalf of OPEB claims. On December 12, 2012, the company sought direction from the Court with respect to the wind up process, including a request for the Court to approve the suspension of the wind-up of the registered pension plans, (with the exception of the wind up of the Windsor Star plan), pending further direction from the Court.
Over the next several months, under the supervision of the Court, Representative Counsel and your Client Committee continued to work with HCPH and the Monitor to negotiate and meet with life insurance companies to negotiate lower annuity pricing for the potential purchase of annuities.
In June, 2013 a favorable arrangement was negotiated with BMO Insurance, who agreed to provide annuity contracts at a price that will continue payment of pension benefits (i.e. without any reduction to pension benefits) for all members of the HCPH pension plans and leave an amount of cash for a meaningful OPEB distribution. One June 19, 2013, the Court was informed of the development and HCPH re-started the pension plan wind-up process.
As a result of the further negotiated arrangement, effective as of October 1, 2013, BMO Insurance has assumed full responsibility for pension benefits payable under the HCPH plans (March 2013 in the case of the Windsor Star Plan and September 30, 2013 in the case of the Sterling Plan)
The payment of commuted value transfer requests and excess contribution refunds to affected pension plan members were made by HCPH in July, 2013.
Interim Distribution to OPEB Claims
After extensive negotiations with the company regarding a distribution to OPEB claimants, the Company on May 12, 2014 brought a motion before the Superior Court of Justice (Commercial List) for approval of an interim distribution of $3 million to all OPEB claimants, which the court granted. The distribution of approximately $0.07 on the dollar of OPEB claims was made in June and July to eligible members.
This update was provided in our mailing to members, a copy of which can be viewed here.
If you have any questions please contact Representative Counsel through our hotline at 1-866-545-9917 or email at hcph@kmlaw.ca.
Windsor Star Pension Wind Up
On June 18, 2013, the Windsor Star Pension Plan was wound-up with the company purchasing annuities from BMO Insurance that continues to pay full pension benefit for retirees. The wind-up report approved by the Financial Services Commission of Ontario indicated that the pension fund had surplus cash after the wind-up process was completed. We negotiated with HCPH that all of the surplus should be distributed to members, and the company agreed. The wind-up has now been completed and we have been advised by HCPH that the surplus cheques were mailed out to eligible members in August 2014.
This update is provided in our mailing to eligible members, a copy of which can be viewed here.
-
Latest Developments
-
December 23, 2014
We mailed a letter to all former HCPH members providing an update on a number of issues, including the next interim distribution, our success at obtaining an Advanced Tax Ruling from CRA that distributions from HCPH in respect of retirees’ health benefit claims are not taxable, and a refund from HCPH pension plans to HCPH as part of the pension wind up process. A copy of our mailing can be viewed here.
-
December 22, 2014
We are pleased to report that we recently received the Advance Tax Ruling from CRA granting our request that the distributions with respect to the health benefit claim be held non-taxable. The Ruling will provide tax savings to all retirees with a health benefit claim as the distribution amounts in respect of that claim have been expressly held by CRA to be not subject to tax.
-
November 12, 2014
As part of the pension wind up process, it was subsequently determined that there was approximately $3.8 million of excess funds that remained in the HCPH plans after the purchase of the annuities with BMO using the pension fund assets. The company applied to the Financial Services Commission of Ontario (“FSCO”) for a refund of those funds and on November 12, 2014, FSCO approved the payment of approximately $3.8 million from the HCPH pension plans to HCPH. HCPH has advised us that it expects to receive these funds imminently. When received, these funds will also contribute towards the next distribution and will generate a higher payment to retirees.
-
August 26, 2014
A letter was mailed to eligible members of the Windsor Star Pension Plan providing an update regarding the status of the pension plan surplus. To view a copy, please click here. Please also see our Overview section for an update by clicking here.
-
May 23, 2014
A letter was mailed to all former HCPH members providing an update regarding the status of the payment of OPEB claims.
-
February 27, 2014
A letter was mailed to all former members of the Windsor Star Pension Plan providing an update regarding the status of the pension plan windup. To view a copy, please click here.
-
January 30, 2014
A letter was mailed to all former HCPH members providing an update regarding the status of the pension plan windup and the payment of OPEB claims. To view a copy, please click here.
-
January 24, 2014
A letter was mailed to all former members of the Windsor Star Pension Plan providing an update regarding the status of the pension plan windup. To view a copy, please click here.
-
August 29, 2013
A letter was mailed to all former HCPH members providing an update regarding the status of the pension plan windup and the payment of OPEB claims. To view a copy, please click here.
-
June 14, 2013
We are pleased to announce that after extensive negotiations with annuity providers, the Company and the Monitor over the last few months, we were able to reach an agreement with one insurance company for an annuity quote that will enable a fully funded wind up of all the HCPH registered pension plans, without a reduction to pension benefits, plus a cash payment on retirees’ OPEB claims.
The annuity prices we negotiated are much more advantageous than the quotes that were obtained in December 2012. The December quotes would have resulted in a reduction to pension benefits and no payment on retirees’ OPEB claims.
Further details with respect to the timing of the HCPH pension plan wind ups and the amount of the distribution on retirees’ OPEB claims will be provided shortly.
-
May 3, 2013
A letter was mailed to deferred vested members and members with frozen pension benefits in the HCPH pension plan providing them further information about the status of their pension benefits and commuted value elections.
-
March 26, 2013
On March 25, 2013, the Monitor held a conference call with a sample of HCPH retirees to obtain their views regarding the Preliminary Proposal provided in the March 14, 2013 letter.
The sample of HCPH retirees provided mixed opinions which the Court has been advised of.
-
March 14, 2013
A letter was mailed to all former HCPH members providing an update regarding the status of the pension plan windup and a proposal to amend the distribution scheme under the CCAA Plan for five of the HCPH pension plans. To view a copy, please click here.
-
December 10, 2012
A letter was mailed to all former HCPH members providing an update regarding the status of the motion to recover funds from the STMG Trust for HCPH, the advance tax ruling, and the annuity purchase costs. To view a copy, please click here.
-
June 18, 2012
A package was sent to all former HCPH members providing details regarding the terms of the CCAA Plan and the voting requirements. To view a copy, please click here.
-
February 3, 2012
A mailing was sent to members of the HCPH Retirement Plan who were employed with the Kitchener-Waterloo Record.
-
December 2, 2011
Manulife mailed a package to all non-OPEB claimants providing them with details of supplemental health and dental coverage that was being offered by Manulife.
-
November 15, 2011
A mailing was sent to those receiving long-term disability benefits from the Southam LTD Plan.
-
September 2, 2011
A mailing was sent to those receiving long-term disability benefits from HCPH pursuant to a policy HCPH entered into with Manulife.
-
August 25, 2011
A mailing was sent to those receiving long-term disability benefits from the Southam LTD Plan regarding the termination of the plan.
-
July 1, 2011
Manulife mailed a package to all OPEB claimants detailing supplemental health & dental and/or life coverage being offered once coverage under through HCPH ended August 31, 2011.
-
June 30, 2011
On June 30th a letter was mailed out to all former employees of HCPH providing an update regarding the HCPH CCAA proceedings and the negotiations between Representative Counsel and HCPH to settle the pension and health benefits coverage provided by HPCH as HCPH winds down. To view this letter please click here.
-
February 23, 2011
A letter was recently sent to all former HCPH members providing an update on the status of the HCPH pension plans and post-retirement benefits in the HCPH CCAA proceedings. To view this letter please click here.
-
November 16, 2010
As referenced in the November 8th latest development, the November 12 deadline for submitting supporting documentation has passed. If you were contacted by KM and/or the Monitor prior to November 12, please forward all requested supporting documentation to us immediately. Please note that we cannot confirm whether any late documentation that is received after November 12 will be accepted.
-
November 8, 2010
A Retiree Audit Survey Process was approved by the Court on April 15, 2010. Over the past several months, HCPH, the Monitor and Representative Counsel have been engaged in the process of reviewing Personal Information Statements that were to be completed by plan members and submitted to the Monitor by June 18, 2010. On November 8, 2010 Justice Campbell of the Ontario Superior Court of Justice granted an Order authorizing HCPH, the Monitor and Representative Counsel to use and rely upon verified information included in Personal Information Statements that have been delivered and updated with supporting documentation up until November 12, 2010.
If you have made revisions to the Personal Information Statement you received from the court-appointed Monitor and have not yet provided the documentation to support those changes, it is very important to submit all such supporting documentation to your Representative Counsel by November 12, 2010. If you do not submit your supporting documentation on or before November 12, 2010, any unsupported information will not be accepted and prior information contained on your Personal Information Statement will be deemed accurate for the purpose of future calculations that may be necessary. You will not be able to make any changes to such information in the future. To view a copy of the Monitor’s Fifth Report, which discusses this issue in detail, please click here. To view a copy of the November 8 Order, please click here.
On November 8, 2010 the Court also approved, subject to the consent by the Superintendent of Financial Services of Ontario, a transfer of certain assets from the HCPH Co. Pension Plan for the Employees of Newspapers Formerly Owned by Thomson Newspapers to the CanWest Pension Plan for Vancouver Island Employees, which represented the value of the defined contribution account balances for certain former members of the Thomson Plan whose employment was transferred to CanWest in 2001. To view a copy of the November 8 Order, please click here.
-
September 2, 2010
Expansion of Representative Counsel Role: On July 27, 2010, the Ontario Superior Court of Justice granted an Order expanding the role of KM as Representative Counsel to include issues pertaining to members and beneficiaries of HCPH’s various Pension Plans (as defined in the Court documents). To view a copy of the Order, please click here. Unless you have delivered an Opt-Out notice to the Monitor, all members and beneficiaries of the OPEB Plans and Pension Plans will be represented by KM in accordance with the Court’s December 10, 2009 and July 27, 2010 Orders.
-
May 11, 2010
The Monitor sent correspondence to all HCPH retirees on May 6, 2010. In accordance with the Retiree Audit Survey Process that was approved by the Court on April 15, 2010, all retirees will receive a Personal Information Statement by mail. The Personal Information Statement will be used to confirm the accuracy of your current pension and benefit profile with the company. You will also receive an instruction sheet along with your Personal Information Statement, which will ask you to review your profile and to make any corrections that may be necessary. You are required to complete and return this form to the Monitor by June 18, 2010. If you do not return the form by June 18, 2010, you are deemed to accept the information contained in the Personal Information Sheet. If you have any questions about the survey, you may contact Representative Counsel by email at hcph@kmlaw.ca or by telephone at 1.866.545.9917.
If you are a member of HCPH’s pension or benefit plans and do not receive a Personal Information Statement by May 17, 2010, please contact your Representative Counsel immediately. Please watch this website and the Monitor’s website at www.ey.com/ca/hcph for developments.
-
May 10, 2010
The company brought a motion to the court requesting an extension of the CCAA stay of proceedings to August 16, 2010. The motion was not opposed by any party and Justice Campbell issued the requested order. To view a copy of Justice Campbell’s endorsement click here. To view a copy of the court order click here. To view a copy of the Monitor’s 2nd Report to the court which was also filed in support of the motion, click here.
The company also brought a motion for the approval of a Claims Procedure Order, which was approved by the court on April 15, 2010. To view a copy of the Claims Procedure Order, please click here. The Claims Procedure Order provides that each Known Creditor of the company must file a Proof of Claim before the Claims Bar Date of June 18, 2010. In accordance with the Claims Procedure Order, each Known Creditor will be mailed a Claims Package. Please note that as a member of one of HCPH’s pension and benefits plans, you need not file a Proof of Claim in this Claims Procedure in respect of your pensions or benefits. If you believe that you have a non-pension or benefits related claim against HCPH, please visit the Monitor’s website to review a copy of the Claims Package.
-
January 6, 2010
The company brought a motion to the court requesting an extension of the CCAA stay of proceedings to April 15, 2010. The motion was not opposed by any party and Justice Campbell issued the requested order. To view a copy of Justice Campbell’s endorsement and his court order click here. To view a copy of the company’s motion record for this motion, click here. To view a copy of the Monitor’s 1st Report to the court which was also filed in support of the motion, click here.
The company has instructed its actuary (Mercer (Canada) Limited) to prepare lists of all the retirees and all the applicable pension and benefit plans. Those lists are expected to be ready by the end of January/early February 2010 and will be provided to us. We will then be able to review all the pension and benefits plans provided for retirees by the company and can proceed with discussions with the company about the future of such plans.
-
December 10, 2009
On December 10th, 2009 the company obtained an order of the court granting it protection under the CCAA. In that same order Koskie Minsky LLP was appointed representative counsel. To view a copy of the Initial CCAA order please click here. If you wish to see a copy of the Honourable Justice Campbell’s endorsement please click here.
-
December 23, 2014
-
Documents
- December 21, 2015 Letter dated December 21, 2015
- April 1, 2015 Lettre du 26 mars 2015
- March 26, 2015 Letter dated March 26, 2015
- January 30, 2015 Endorsement dated January 30, 2015
- January 30, 2015 Order dated January 30, 2015
- January 21, 2015 Advance Income Tax Ruling
- January 21, 2015 Décision anticipée en matière d'impôt
- December 22, 2014 Letter dated December 22, 2014
- August 22, 2014 Pacific Press Trust Endorsement
- August 22, 2014 Pacific Press Trust Order
- August 22, 2014 Windsor Star Mailing August 22, 2014
- August 6, 2014 Motion Record of the Applicant re: Pacific Press Trust, returnable on August 19, 2014
- July 21, 2014 Notice Re: HCPH Upcoming Motion Distribution of the Pacific Press Trust Funds
- May 23, 2014 Letter dated May 23, 2014
- May 23, 2014 Lettre du 23 mai, 2014
- May 7, 2014 Motion Record of the Applicant re Interim Distribution
- February 27, 2014 Letter
- January 30, 2014 Letter dated January 30, 2014
- January 30, 2014 Lettre du 30 janvier, 2014
- January 24, 2014 Letter dated January 24, 2014
- October 30, 2013 Lettre du 30 août, 2013
- August 29, 2013 Letter dated August 29, 2013
- May 3, 2013 Letter to Deffered Vested Members
- March 14, 2013 KM Letter
- March 14, 2013 Lettre du 14 mars 2013 de KM
- December 10, 2012 KM Letter
- December 10, 2012 Lettre du 10 décembre 2012 de KM
- September 27, 2012 Endorsement of the Associate Chief Justice Cunningham
- June 18, 2012 Lettre du 18 juin 2012 de KM
- June 18, 2012 KM Letter
- June 30, 2011 Letter from Koskie Minsky LLP
- June 30, 2011 Letter from Koskie Minsky LLP - French
- February 17, 2011 Letter from Koskie Minsky LLP
- February 17, 2011 Letter from Koskie Minsky LLP - French
- November 8, 2010 Order dated November 8, 2010
- November 8, 2010 Asset Transfer Order
- November 5, 2010 Fifth Report of the Monitor dated November 5, 2010
- July 27, 2010 Order dated July 27, 2010
- April 15, 2010 Endorsement of the Honourable Justice Campbell dated April 15, 2010
- April 15, 2010 Order of the Honourable Justice Campbell dated April 15, 2010
- April 15, 2010 Claims Procedure Order of the Honourable Justice Campbell dated April 15, 2010
- April 15, 2010 Monitor's Second Report
- January 6, 2010 HCPH Motion Record
- January 6, 2010 Endorsement and Court Order (Stay Extension)
- January 5, 2010 Monitor's 1st Report
- December 29, 2009 Correction Notice to Plan Members
- December 18, 2009 Notice to Plan Members
- December 10, 2009 Endorsement dated December 10, 2009
- December 10, 2009 Initial Order dated December 10, 2009
-
Contacts
Toll Free Hotline: 1-866-545-9917
Email: hcph@kmlaw.ca