Sentences with phrase «ns registered pension plans»

Here are the 9 key changes the new Act and Regulations make for all pension plans with NS members and for all NS registered pension plans effective June 1, 2015, and the 3 key changes that aren't in effect yet.

Not exact matches

These initiatives come on top of Ottawa's rollout of pooled registered pension plans (PRPPs), which have been enabled federally and by the western provinces but not yet implemented.

Unless those employers that don't already offer registered pension plans are required to offer PRPPs, the new plans are «dead in the water,» says Vettese, chief actuary at human resources consultancy Morneau Shepell.

«It may not necessarily be a registered pension plan with a provincial authority, but it might be some savings vehicle.»

In your case, Maria, since you haven't begun your defined benefit pension yet, you may qualify for the credit by drawing from your Registered Retirement Savings Plan (RRSP) account.

Pooled Registered Pension Plans will be government - regulated, private - sector funds aimed at the more than 60 per cent of Canadians who are not saving for retirement via a workplace pension and payroll deduPension Plans will be government - regulated, private - sector funds aimed at the more than 60 per cent of Canadians who are not saving for retirement via a workplace pension and payroll dedupension and payroll deductions.

If you don't already have a workplace savings plan, you can set up a Pooled Registered Pension Plan (PRPP) tplan, you can set up a Pooled Registered Pension Plan (PRPP) tPlan (PRPP) that:

If you are not a member of a registered pension plan (RRP) or deferred profit sharing plan (DPSP) through your employer, the RRSP contribution limit for 2016 is 18 % of your 2015 income up to a maximum of $ 25,370.

If you are not a member of a registered pension plan (RPP) or a deferred profit sharing plan (DPSP), you'll be able to contribute 18 % of your 2015 earned income to an RRSP in 2016 to a maximum of $ 25,370.

The government has a lot of work to do in simplifying Canada's pension system including harmonizing the retirement age across the OAS, CPP and occupational pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered Pension Plans (pension system including harmonizing the retirement age across the OAS, CPP and occupational pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered Pension Plans (pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered Pension Plans (Pension Plans (PRPPs).

According to Vettese's figures, roughly half of Ontario's residents won't have to save for retirement after the new Ontario Registered Pension Plan (ORPP) is phased in starting in 2017.

The Ontario Registered Pension Plan (ORPP) is Premier Kathleen Wynne's response to the federal Conservatives» decision not to enhance CPP.

Another is that he doesn't need particularly large savings in a registered plan because he will be receiving retirement income from a defined - benefit pension plan.

Do not include: — Old Age Security Pension (Canadian), Guaranteed Income Supplement, Allowance or Allowance for the Survivor — War Veterans Allowance or Veterans Disability or Dependents Pension Program — Death Benefits from Canada Pension Plan or Quebec Pension Plan — Canada Child Tax Benefit payments — Assistance payments from a municipal, provincial or Canadian federal government — Support or gifts from relatives, registered charities or other organizations — Municipal tax rebates — Lottery winnings — Inheritances — GST credits or other such payments issued by the Canada Revenue Agency (CRA)-- Universal Child Care Benefit — Registered Disability Savings Plaregistered charities or other organizations — Municipal tax rebates — Lottery winnings — Inheritances — GST credits or other such payments issued by the Canada Revenue Agency (CRA)-- Universal Child Care Benefit — Registered Disability Savings PlaRegistered Disability Savings Plan payments

On September 10, 2015, NS took one more step toward moving Pooled Registered Pension Plans (PRPPs) from theory to practice in NS by seeking public input on draft Pooled Registered Pension Plan (PRPP) Regulations and related amendments to the Pension Benefits Regulations.

Approximately 60 % of Nova Scotians in the paid workforce don't currently participate in a registered pension plan; the question is whether PRPPs will reduce this number.

These 4 changes apply to all pension plans registered in NS and took effect on June 1, 2015:

(2) Subsection (1) does not apply in respect of any benefit provided under a registered pension plan within the meaning of subsection 248 (1) of the Income Tax Act (Canada).

The Ontario Registered Pension Plan comes into effect in 2017 for large employers that don't have comparable workplace plans.

If you maintain a comparable registered pension plan and some Ontario employees do not participate in the plan because: (i) the plan is voluntary, (ii) certain groups of employees are ineligible to participate (e.g., casual employees), or (iii) there are waiting periods before joining the plan, these employees will also be required to participate in the ORPP unless and until they commence participation in your comparable plan.

The final step to making PRPPs a reality in NS, BC and Saskatchewan (and Quebec to facilitate PRPP administration with Quebec's Voluntary Retirement Savings Plans) was signing the Multilateral Agreement Respecting Pooled Registered Pension Plans And Voluntary Retirement Savings Plans to facilitate the administration and oversight of PRPPs.

(4) Subsection (3) does not apply to a pension plan that is a successor of a pension plan registered under the Pension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a redpension plan that is a successor of a pension plan registered under the Pension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a redpension plan registered under the Pension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a redPension Benefits Act, being chapter 373 of the Revised Statutes of Ontario, 1980, that permitted such a reduction.

On October 15, 2014, the Nova Scotia government introduced legislation that will, if passed into law, permit Pooled Registered Pension Plans (or «PRPPs») in NS: