(in thousands of Canadian dollars)
Year ended December 31, 2019
15. Pension plan:
EWU participates in the Ontario Municipal Employees Retirement Fund (“OMERS”), a multi-employer plan, on behalf of its employees. The plan has been accounted for as a defined contribution plan. Contributions during the year were 9.0% (2018 - 9.0%) for employee earnings below the year’s maximum pensionable earnings and 14.6% (2018 - 14.6%) thereafter. During 2019, EWU expensed contributions totalling $2,787 (2018 - $2,937) made to OMERS in respect of the employer’s required contributions to the plan. Estimated contributions for 2020 are $3,043.
16. Income taxes (provision for payment in lieu of corporate taxes):
| 2019 | 2018 | |
|---|---|---|
| Current tax expense: | ||
| Current year | $ 3,334 | $ 4,305 |
| Adjustments for prior years | 4,834 | (2,838) |
| Deferred tax expense: | ||
| Origination and reversal of temporary differences | 2,067 | 3,498 |
| Adjustments for prior years | (5,299) | - |
| Tax related to remeasurement of employee future benefits | (1,334) | (1,930) |