Indigo Inc. has a defined benefit plan for its employees. On December 31, 2019 the companys records showed the following information related to the plan:

Pension plan assets		$296,300
Defined benefit obligation		372,100

All employees are expected to receive benefits under the plan. The companys actuary provided the following information as at December 31, 2020:

Current year service cost		$46,500
Past service benefits, granted July 1, 2020		79,600
Expected return on assets		12%
Actual return on assets		10%
Discount rate on DBO		12%
Contributions for the year		31,700
Benefits paid to retirees		15,800

Calculate pension expense for Indigo Inc. for 2020, assuming ASPE is used.

Pension expense, 2020

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Calculate pension expense for Indigo Inc. for 2020, assuming IFRS is used.

Pension expense, 2020

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