Sentences with phrase «pension plan purposes»

Not exact matches

Some assets, however, may no longer serve a public policy purpose and are of particular interest to, for example, Ontario's large pension plans as good long - term investments.

Finance Minister Joe Oliver wrote his Ontario counterpart earlier this month warning Ottawa would not help implement the Ontario Retirement Pension Plan or make any legislative changes to allow it to be treated like the CPP for tax purposes.

The fundamental issue is not the increased cost burden for employers and employees, but rather the purpose of company - led pension plans, he said.

In addition to this «general» or «formula» funding, states also typically provide revenue for other, more specific purposes, such as bus transportation, contributions to school employee pension plans, and teacher training.

to take any action otherwise prohibited under subsections (a), (b), (c), or (e) of this section where age is a bona fide occupational qualification reasonably necessary to the normal operation of the particular business, or where differentiation is based on reasonable factors other than age; to observe the terms of a bona fide seniority system or any bona fide employee benefit plan such as a retirement, pension, or insurance plan, which is not a subterfuge to evade the purposes of this Act, except that no such employee benefit plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause

Certainly, many baby boomers felt TFSAs were too little and too late for their purposes, although they would look with a certain amount of envy at millennials and young investors with a 40 - year investing time horizon ahead of them — indeed, many financial gurus have calculated that merely by maxing out TFSA contributions over such a time frame, that alone would be sufficient to ensure a comfortable retirement: no RRSP or employer pension plan contributions necessary!

In addition, IPP assets are creditor - proof: always a plus for the self - employed; and as with traditional Registered Pension Plans, pension income can be split up to 50 % with one's spouse, for income tax purposes (pension spliPension Plans, pension income can be split up to 50 % with one's spouse, for income tax purposes (pension splipension income can be split up to 50 % with one's spouse, for income tax purposes (pension splipension splitting).

Income from pensions, 401k plans, IRAs and other qualified retirement plans is excluded from the definition of investment income for purposes of this tax.

«This includes any legislative changes to allow the ORPP to be treated like the Canada Pension Plan for tax purposes, or to integrate the ORPP with the RRSP contribution limits,» wrote Oliver.

Purpose provides a wide range of institutional solutions and services to pension plan sponsors, corporations, institutions, consultants, endowments, foundations and high net worth individuals who choose us for our expertise, high quality investment strategies, innovation and focus on risk management.

Replacing market - based benchmarks with real world benchmarks that are directly linked to a pension fund's purpose will require plan sponsors to re-visit governance structures.

Of course, many people (especially those with no company pension plan) are just not ready financially to stop working, but many others stay employed for job satisfaction, social interaction, and a sense of purpose.

While I used the common example of a spouse with a large DB pension, employer - sponsored Defined Contribution (DC) plans are also considered eligible pension income for pension splitting purposes.

Usually the surviving spouse for purposes of a pension plan is the individual to whom the participant was married when benefit payments began.

Some hedge funds and pension plans reportedly like the risk profile of life settlements, since they are largely uncorrelated with financial market risks (except for securities placed in special purpose vehicles).

The expressed purpose of the Proposed Agreement is to streamline the administration of pooled registered pension plans («PRPPs»), resulting in reduced costs and greater access to PRPPs as a new private pension option.

Often special purpose entities — established for the purpose of addressing these issues — are created to facilitate the investment by Canadian pension plans.

whether Mrs Staveley's omission to draw on her pension funds under the personal pension plan during her lifetime was a transfer of value for inheritance tax purposes.

Administration of the plan is to be overseen by the Ontario Retirement Pension Plan Administration Corporation («ORPP AC»), an arms - length body set up by the Ontario Ministry of Finance for the purposes of the implementation and operation of the Oplan is to be overseen by the Ontario Retirement Pension Plan Administration Corporation («ORPP AC»), an arms - length body set up by the Ontario Ministry of Finance for the purposes of the implementation and operation of the OPlan Administration Corporation («ORPP AC»), an arms - length body set up by the Ontario Ministry of Finance for the purposes of the implementation and operation of the ORPP.

More information on the ability to make such application can be found here: CRA: Canada Pension Plan and Employment Insurance Explained - How to get a ruling for Canada Pension Plan and employment insurance purposes.

The court decided the bonus amount was not covered by the contribution amount, and indicated a pension plan must be interpreted according to its main purpose which is to provide a pension funded on actuarial assumptions fair to all employee beneficiaries under the plan.

(4) Despite subsection (3), a pension plan is not a multi-employer pension plan for the purposes of this Act,

(8) For the purpose of the application of the limitation described in paragraph 3 of section 85 on amounts guaranteed by the Guarantee Fund, the Lieutenant Governor in Council may make regulations deeming a pension plan to which this section applies and its successor pension plan to be one pension plan.

Pension plans are specialized plans which are created for the sole purpose of providing for retirement.

100 % commutation beats the purpose of a pension plan.

Hello Rahul, Term plan and Pension plans can not be compared as the purpose of both of them is very different.

These policies are the most beneficial for those who want to purchase life insurance for estate planning purposes, to leave an inheritance, or as a pension maximization strategy.

Corporate Mergers Houston - based CenterAmerica Property Trust and a major corporate pension fund are planning a venture for the purpose of developing and acquiring neighborhood shopping centers throughout the Southeast and Southwest...

Campus Advantage acquired The Highlands, a 732 bed purpose - built student housing community in Reno, NV, as part of its programmatic joint venture with a large state pension plan.