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STA Agreement Update as of 05 September 2023
ByAdmin
The tentative Share Trust Repurposing Agreement has been sitting with CRA since June 2022. The parties are seeking a presumptive tax ruling on how CRA will treat all monies from the share sales for future taxation purposes. At this time we do not know how the shares will be taxed. This is the reason for…
Local 2603 / 714 PENSION SEMINARS
ByAdmin
Pension seminars are scheduled for all interested IAMAW Members employed by Air Canada. The seminars will cover the Air Canada Defined Benefit and MEPP pension plans for Air Canada IAM members. The seminars will explain the rules of the pension plans, the available pension options for retirement and termination as well as Air Canada’s post-retirement extended…
Share Trust Update
ByAdmin
In our July 2024 update, we mentioned that we were waiting for amendments to federal Income Tax Regulations (ITR). We are pleased to share that these amendments were approved and implemented in March 2025. While there are still several steps and approvals needed before we can offer voluntary separation packages (VSPs) to employees or make…
The Country Doesn’t Move Without Us
ByAdmin
After hearing from our proud members, and to preserve the good and welfare of the membership, we made the following changes to the District 140 bylaws. Together – with every member speaking with one voice – we will succeed in getting the industry-leading contracts and representation that members of Canada’s most powerful airline union deserve….