Yesterday, the Quebec government tabled its 2012 budget, which included detailed provisions for the voluntary retirement savings plan (VRSP). The VRSP is Quebec’s version of the pooled registered pension plan (PRPP).
The majority of Canadians lack retirement security and the federal government’s proposed pooled registered pension plan (PRPP) will do little to reduce risks for these individuals, according to a new study from the Institute for Research on Public Policy (IRPP).
The Honourable Ted Menzies, Minister of State (Finance), today spoke at a C.D. Howe Institute roundtable in Toronto on how the introduction of Pooled Registered Pension Plans (PRPPs) will bridge gaps in Canada’s retirement income system.
Canada’s new pooled registered pension plan (PRPP) legislation has been on a roller coaster of support and criticism over the past year—and it hasn’t even come into force yet.
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 the Canadian Life and Health Insurance Association (CLHIA).
Manulife Financial is the latest organization to speak out in favour of Canada’s proposed pooled registered pension plan (PRPP) legislation.
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 an increase to Canada Pension Plan premiums.
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.
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 (PRPPs).
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 provide a legal framework for the establishment and administration of a type of pension plan that is accessible to employees and self-employed persons and that pools the funds in members’ accounts to achieve lower costs in relation to investment management and plan administration.”