David Veld

Partner, National Pension and Benefits Leader

CPA, CA

BDO Burlington

905-633-4917

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Executive Summary

David has over 20 years of experience providing assurance, accounting, and advisory services to clients in multiple sectors. He specializes in pensions and other employee benefit funds. In addition, he has significant experience working with various labour organizations as well as manufacturing and distribution companies.

Considered a thought leader in the pension and benefits sector, David is the past Chair of the Financial Services Commission of Ontario Pension Accounting and Assurance Advisory Committee and a member of the Accounting Standards Board Pension Plan Working Group. He is also a regular speaker at pension and benefit industry conferences and has authored numerous publications for this industry sector.

Presenter at the IFEBP Annual Canadian Conference: “From HWTS to ELHTS – The End of Health and Welfare Tests?” 

Presenter at the IFEBP Annual Canadian Employee Conference: “Health and Welfare Trusts – Is Your Fund at Risk of Losing Its Status?”

Presenter at the IFEBP Annual Canadian Employee Conference: “Taxation of Health and Welfare Trusts”

Presenter at the IFEBP Annual Canadian Employee Conference:  “Payroll Audits vs. the Qualified Audit Report”

Presenter at the IFEBP Annual Canadian Conference: “Understanding Your Pension and Health and Welfare Financial Statements” 

Presenter at the IFEBP Annual Canadian Conference and Public Sector Conference: “Protecting Against Benefits Fraud”

Presenter at the IFEBP Canadian Legal and Legislative Update: “Accounting Changes: What Will They Mean to Your Pension Plan”

Member of the Editorial Advisory Panel for the Plans & Trusts industry publication

Co-authored chapter in Employee Benefits in Canada – 4th Edition, “Understanding Accounting, Actuarial and Investment Reports”

Author of BDO’s submissions to regulatory bodies with respect to changes to accounting standards for pension plans in Canada and changes to tax rules for health and welfare trusts

Professional Affiliations

Past Chair, Financial Services Commission of Ontario (FSCO) Pension Accounting and Assurance Advisory Committee
Member, Accounting Standards Board Pension Plan Working Group
Member, International Foundation of Employee Benefit Plans (IFEBP)
Member, Burlington and Oakville Chambers of Commerce
Expert witness, Ontario Labour Relations Board hearing (2015)
Participant, Accounting Standards Board (AcSB) Strategic Initiatives (2009)
Leader, BDO’s National Pension & Benefits Group

Professional Designations & Education

Chartered Professional Accountant (2002)
Chartered Professional Accountant, Ontario (2002)
Bachelor of Business Administration, Wilfrid Laurier University (2000)

insights

December 17, 2020

Tax alert – Government releases updated rules for transitioning health and welfare trusts and existing employee life
On Nov. 27, 2020, the Department of Finance issued updated proposed legislative amendments to the Income Tax Act (ITA).

March 06, 2018

Tax Alert - The End of Health and Welfare Trusts
Both Health and Welfare Trusts (HWTs) and Employee Life and Health Trusts (ELHTs) are trust vehicles that can be used to provide eligible members with specific benefits, namely group sickness or accident insurance plans, private health services plans and group term life insurance policies.
Health and welfare trusts - are you at risk of losing your status?

September 28, 2015

Health and welfare trusts - are you at risk of losing your status?
In July, 2015, the CRA updated their administrative policies for Health and Welfare Trusts. There may be aspects in the new policies that may cause concern for HWTs, including fund surpluses and the possibility of a fund losing its status. To better understand the changes and how fund administrators can proactively address the concerns, read our latest publication here.

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