Latest news in Governance/legislation

Small businesses support PRPPs: Poll

Small businesses support PRPPs: Poll

Canadian small business owners are enthusiastic to adopt the new Pooled Registered Pension Plans (PRPPs), according to a poll of more than 800 companies by…

  • By: Staff
  • January 17, 2012 September 13, 2019
  • 10:03
NDP proposes “pension exchange”

NDP proposes “pension exchange”

NDP leadership hopeful Thomas Mulcair kicked off his campaign with a promise to improve retirement security for Canadians.

  • By: Staff
  • January 12, 2012 September 13, 2019
  • 09:27
Ontario’s new pension rules for marriage breakdown

Ontario’s new pension rules for marriage breakdown

When Bill 133, the Family Statute Law Amendment Act, 2009, was introduced in 2008, it promised to reform the division of pensions on marriage breakdown…

CPP Appeals Board appoints new chairman

CPP Appeals Board appoints new chairman

Canada’s Pension Appeals Board has appointed Justice Douglas Rutherford as the board’s new chairman.

  • By: Staff
  • December 22, 2011 September 13, 2019
  • 11:01
Reminder: CPP changes take effect in January

Reminder: CPP changes take effect in January

Changes to the way employers deduct Canada Pension Plan (CPP) contributions are coming into effect in the new year.

  • By: Staff
  • December 20, 2011 September 13, 2019
  • 09:40
HOOPP moves to immediate vesting

HOOPP moves to immediate vesting

In anticipation of federal legislation requiring pension plans to provide for immediate vesting, the Healthcare of Ontario Pension Plan (HOOPP) has announced that members will…

  • By: Staff
  • December 20, 2011 September 13, 2019
  • 09:34
The employer’s piece in the CPP puzzle

The employer’s piece in the CPP puzzle

Much has been written about the Canada Pension Plan (CPP) since May 2009 when the various federal, provincial and territorial finance ministers undertook their review.…

Manulife speaks out in favour of PRPPs

Manulife speaks out in favour of PRPPs

Manulife Financial is the latest organization to speak out in favour of Canada’s proposed pooled registered pension plan (PRPP) legislation.

  • By: Staff
  • December 16, 2011 September 13, 2019
  • 11:40
Don’t hike CPP premiums: CFIB

Don’t hike CPP premiums: CFIB

The Canadian Federation of Independent Business (CFIB) has expressed its support for Canada’s new pooled registered pension plan (PRPP) legislation—and requested the government not support…

  • By: Staff
  • December 16, 2011 September 13, 2019
  • 09:38
How to fix PRPPs: C.D. Howe

How to fix PRPPs: C.D. Howe

According to a new report by the C.D. Howe Institute, the government’s proposed pooled registered pension plans (PRPPs) are in need of a fix.

  • By: Staff
  • December 15, 2011 September 13, 2019
  • 11:38
Feds release PRPP tax rules for comment

Feds release PRPP tax rules for comment

The federal government has released a package of draft legislative proposals for the Income Tax Act and Income Tax Regulations regarding pooled registered pension plans…

  • By: Staff
  • December 14, 2011 September 13, 2019
  • 11:10
Public sector pensions understated: C.D. Howe

Public sector pensions understated: C.D. Howe

The federal government's unfunded liabilities for its employee pension plans total $227 billion—far more than reported, according to a report by the C.D. Howe Institute.

  • By: Staff
  • December 14, 2011 September 13, 2019
  • 09:23
Pension experts call on finance ministers to expand CPP

Pension experts call on finance ministers to expand CPP

A group of pension experts, including a former chief actuary of the Canada Pension Plan, is calling on Canada's finance ministers to commit to expanding…

Will PRPPs close the pension gap?

Will PRPPs close the pension gap?

The federal government recently released Bill C-25, the Pooled Registered Pension Plans Act. This draft legislation is receiving praise for helping to close the pension…

  • By: Robin Pond
  • December 8, 2011 September 13, 2019
  • 11:24
Realigning Canada’s three-tiered retirement system

Realigning Canada’s three-tiered retirement system

The last actuarial report on the Canada Pension Plan (CPP) estimated that 38% of Canadians in 2010 started receiving their CPP at age 60. Another…

Indalex case to be heard by Supreme Court

Indalex case to be heard by Supreme Court

According to many commentators, the Indalex case turns accepted law on the priority of debtor-in-possession (DIP) and working capital security on its head, and introduces…

Inspiration: Keith Ambachtsheer turns big ideas into practice

I got into this industry, as most people do, by accident,” admits Toronto-based Keith Ambachtsheer, who today is well known for his ideas on pension…

  • By: Leigh Doyle
  • November 28, 2011 September 13, 2019
  • 16:10
Feds miss the mark in PRPP Act

Feds miss the mark in PRPP Act

On November 17, the Pooled Registered Pension Plan Act was tabled in the House of Commons. The explicitly stated purpose of the Act “is to…

  • By: Greg Hurst
  • November 28, 2011 September 13, 2019
  • 10:16
Banks resisting OMERS push to manage PRPPs

Banks resisting OMERS push to manage PRPPs

Canadian banks are opposing a push by OMERS to manage PRPPs, reports Bloomberg News.

  • By: Staff
  • November 25, 2011 September 13, 2019
  • 11:07
PRPPs: New vehicle, same old problems

PRPPs: New vehicle, same old problems

The newly re-introduced Pooled Retirement Pension Plan (PRPP) may be touted as the cure-all for all Canada’s flailing retirement savings system, but a rather unimpressed…

Feds roll out new pension option

Feds roll out new pension option

The federal government this morning introduced the much-anticipated Pooled Registered Pension Plans (PRPP) Act to address concerns over declining pension coverage for Canadians.

Europe’s plans for pension reform

Europe’s plans for pension reform

A leaked white paper has revealed the European Commission’s suggestions for pension reform, reports Investment & Pensions Europe (IPE).

  • By: Staff
  • November 17, 2011 September 13, 2019
  • 11:06
N.S. Pension Benefits Act introduced

N.S. Pension Benefits Act introduced

The government of Nova Scotia has introduced a new Pension Benefits Act, which would enable private sector pension plan members and retirees to know more…

  • By: Staff
  • November 15, 2011 September 13, 2019
  • 10:24
Are PRPPs the gateway to compulsory pensions?

Are PRPPs the gateway to compulsory pensions?

Like most western countries, the level of pension savings in Canada is a major issue for the government, and increased life longevity is driving concerns…

  • By: Tom Murray
  • November 15, 2011 September 13, 2019
  • 08:44
Why we need a lifetime retirement saving limit

Why we need a lifetime retirement saving limit

Born in 1946, the first wave of Canada’s baby boom generation will be 65 years old in 2012. If they haven’t saved enough for retirement,…