1 Background

U.S. federal law governs the AFM-EPF and other funds of this type. Canadian funds follow the Income Tax Act, administered by the Canada Revenue Agency (CRA) and the laws of the province where the majority of their participants live. Since most AFM Canada members live in Ontario, the Canadian fund is regulated by the Ontario regulator and follows the laws of the Pension Benefits Act of Ontario. Pensions originating in other provinces will have different rules and regulations, but these won’t apply to the Canadian pension plan. The location of the pension office has no influence on the laws applied.