Small business owners in Quebec may want to bookmark Great-West Life’s new web portal for voluntary retirement savings plans (VRSPs).
In the simplest of terms, they all use discretionary investment managers to make financial decisions on their behalf. No one from the CPP has ever called you to find out how you’d like your contributions invested. Likewise for any DB plan member. Those retirement plans rely on portfolio managers to do that.
Bill C-25, the Pooled Registered Pension Plans Act, received Royal Assent yesterday, moving the legislation another step closer to becoming law. Federal tax legislation still needs to be passed, and regulations will soon be published to address provisions of the Act.
Great-West Life has launched a new website, at vrsp-greatwestlife.com, to help Quebec businesses set up their company’s voluntary retirement savings plans (VRSPs), once legislation has passed. VRSPs are expected to be available Jan. 1, 2013.
The Ontario government’s reluctance to move ahead with implementing PRPPs in the province has raised the ire of several prominent industry leaders.
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).
Industrial Alliance has announced that it plans to offer voluntary retirement savings plans (VRSPs), starting on the Quebec government's target date of Jan. 1, 2013.
Quebec has announced it will introduce voluntary retirement savings plans (VRSPs), targeted at small and medium-sized enterprises and the self-employed. VRSPs will be similar to RRSPs and will come into force on Jan. 1, 2013.
The Quebec government is getting kudos from the industry for being the first province to introduce a new pension program for workers that lack private plans. The provincial budget, tabled on Thursday, proposes a voluntary retirement savings plan (VRSP), which according to the Canadian Life and Health Insurance Association (CLHIA) is based on the pooled […]