I don’t believe many pension administrators routinely read the Canada Revenue Agency’s quarterly publication, Excise and GST/HST News. Notification of edition No. 93 hit my inbox earlier this week. Not expecting much news around my practice area of GST/HST for pension and employee benefits plan, my job dropped to read the news that the Department of Finance has published draft amendments to the Excise Tax Act (ETA) proposing that PRPPs will be subject to the same GST/HST rules as registered pension plans (RPPs).
Nova Scotians will soon have a new option to save for their retirement.
Minister of State (Finance) Kevin Sorenson announced that five insurance companies that have federal pooled registered pension plan licences have been registered with the Office of the Superintendent of Financial Institutions and the Canada Revenue Agency.
Great-West Life is now providing voluntary retirement savings plans for businesses in Quebec.
Voluntary retirement savings plans from Sun Life Financial and Manulife Financial are now available to employers.
Industrial Alliance and Desjardins Insurance both announced on Tuesday that they are now offering voluntary retirement savings plans to employers.
The Government of Ontario has reintroduced its budget that includes the proposed Ontario Retirement Pension Plan.
Eighty-five percent of small business owners in Quebec support the concept of the new voluntary retirement savings plan, according to a survey.
The Ontario New Democratic Party says it won't support the Liberal budget, which contained plans to introduce an Ontario Retirement Pension Plan and legislation for pooled registered pension plans.
A report reveals that Ontario's employers prefer pooled registered pension plans and do not support a made-in-Ontario pension plan.