Sentences with phrase «pooled registered pension plan»

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.

Finance Canada released a draft multi-lateral agreement respecting pooled registered pension plans for public comments in a 45 - day period.

That is why encouraging investment in voluntary retirement savings tools such as pooled registered pension plans is an important part of the government's strategy to enhance retirement savings for all Ontarians.»

That is why we support the initiative of the federal government to develop a new pension reform and retirement savings instrument called Pooled Registered Pension Plans or PRPPs.

From July to August 2015, the federal Department of Finance accepted public comment on the proposed Multilateral Agreement Respecting Pooled Registered Pension Plans.

The Projected Order of Business mentions resumption of the debate over Bill C - 25, Pooled Registered Pension Plans Act.

• The Conservative government introduced a new pooled registered pension plan aimed at helping the self - employed and small business» employees save for retirement.

The halting quest to expand pension coverage in Canada took a step forward last month when Alberta and Saskatchewan tabled legislation to introduce Pooled Registered Pension Plans.

Rather than a provincial plan, the CFIB supported voluntary programs, like Pooled Registered Pension Plans, for enhancing retirement savings.

The Vancouver Board of Trade advocated on behalf of the city's business community on issues such as the proposed Pooled Registered Pension Plan (PRPP) legislation, the City of Vancouver's Transportation 2040 Plan, the proposed replacement of the George Massey Tunnel, the proposed removal of Vancouver's downtown viaducts, the need for mobile business licenses in Metro Vancouver, and the importance of Open Skies legislation to support growth at Vancouver International Airport.

Canadian Federation of Independent Business president Dan Kelly said provinces should let the new voluntary pooled registered pension plans, which allow employees to contribute in the workplace, a chance to work before pressing ahead with CPP enhancement, or going ahead with provincial plans.

Note: As of June 25, 2016, provincially regulated workers and employers in Nova Scotia, Quebec, BC and Saskatchewan can participate in Pooled Registered Pension Plans (PRPP) regulated by the Federal Government.

The federal government is going ahead with its plans to establish Pooled Registered Pension Plans for Canadians without employer - sponsored pensions.

RRSP and Other Retirement Plans Pooled Registered Pension Plans Pension Adjustment Guide Pension Plan Administration at Revenue Canada

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 (PRPPs).

According to a letter sent to provincial finance ministers, Flaherty is seeking to create Pooled Registered Pension Plans (PRPPs), which he describes as a major step forward for more retirement security — particularly for workers who are either self - employed or who currently have no private plan coverage.

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:

Federal Finance Minister Jim Flaherty has managed to persuade his provincial counterparts to throw their support behind the creation of Pooled Registered Pension Plans, or PRPPs.

For the past three years, two rival ideas have battled to become the go - to solution for enhancing retirement savings in Canada: expanding the Canada Pension Plan, and private - sector savings vehicles known as pooled registered pension plans.

At that time, Alberta and Quebec were not supportive and Ottawa decided to focus on a new program called Pooled Registered Pension Plans, which would involve voluntary contributions rather than the mandatory payments employees and employers make through CPP premiums.

On November 8, 2016, Ontario's Pooled Registered Pension Plans Act, 2015 and the new regulations supporting the PRPP Act came into force.

Rather than a provincial plan, the CFIB supported voluntary programs, like Pooled Registered Pension Plans, for enhancing retirement savings.

Moreover, if the mandatory Ontario pension plan passes, a voluntary pooled registered pension plan may complicate the issue.

On July 15, 2015, Finance Canada released a draft multi-lateral agreement respecting pooled registered pension plans («Proposed Agreement») for public comments in a 45 - day period.

As of June 25, 2016, provincially regulated workers and employers in Nova Scotia, Quebec, BC and Saskatchewan can participate in Pooled Registered Pension Plans (PRPP) regulated by the Federal Government.

The new Pooled Registered Pension Plan (PRPP) was created in response to concerns that dwindling savings rates and the elimination of many employer pension plans will result in future retirees subsisting on Kraft Dinner and instant noodles.

Other than a paragraph promoting the tax - free savings account and a brief update on the pooled registered pension plan, there was nothing in there about helping Canadians save.

Likely on the agenda is the pooled registered pension plan (PRPP), a concept introduced by the government in December after the last ministers meeting.

They also endorse the establishment of a pooled registered pension plan for the self - employed.

That's pretty much what the federal government has been doing since 2006, with tweaks such as abolishing mandatory retirement, a graduated rise in the eligibility age for OAS benefits and new tax - sheltered savings vehicles in tax - free savings accounts and pooled registered pension plans.

In the 2011 budget, the government introduced the Pooled Registered Pension Plan (PRPP), which was supposed give small - business employees access to a low - cost pension plan.

The Federal Government's new retirement savings plan, the Pooled Registered Pension Plan (PRPP), has attracted some rather negative comments.

A Pooled Registered Pension Plan is designed to provide a workplace savings vehicle with contributions flowing automatically into a locked - in RRSP.

It is critical we act now to stop this slide and rebuild participation in workplace Registered Pension Plans, through the introduction in all provinces of a Pooled Registered Pension Plan or «PRPP».

We've brought in a pooled registered pension plan which will allow smaller employers to create employer pension plans where they don't exist today.

More attractive, because it would put MPs on the same footing as their constituents, would be a pooled registered pension plan such as the government has proposed for Canadians generally.

«If anything, employers will be struggling with the weight of the increased CPP plan, and if they can afford anything beyond that, they would likely do that through a matched RSP or perhaps a PRPP (pooled registered pension plan), or maybe a DC (defined contribution) plan.»

The federal government has responded by introducing the Tax - Free Savings Account and the Pooled Registered Pension Plan.

«We would have liked to have seen more on the Pooled Registered Pension Plan,» said Doug Carroll, VP of taxation and estate planning for Invesco Trimark.

Indeed, aside from a vague reference to Pooled Registered Pension Plans, some financial literacy announcements and a small positive change to Registered Education Savings Plans, the proposals were focused on curtailing the tax planning activities of investors.

Pooled Registered Pension Plan The federal and provincial governments are working to introduce a new pension plan called the Pooled Registered Pension Plan, which is aimed at people who typically do not have access to company pensions — notably the self - employed and employees of small - to medium - sized businesses.

Let's face it: we already have RRSPs, TFSAs, Registered Pension Plans offered by employers, CPP, OAS, GIS and finally that other federal proposal that's well under way: the PRPP or Pooled Registered Pension Plan.

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 deductions.

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

Pooled registered pension plan (PRPP) Federally regulated employers and self - employed individuals can get a simplified workplace savings plan with a Manulife Pooled Registered Pension Plan (PRPP).

The PRPP (pooled registered pension plan) is a more recent workplace pension program that behaves more like a defined - contribution plan, but is by no means universal and places investment risk on the shoulders of plan participants.

That would set it apart from a much smaller pension plan offered by Saskatchewan's government, which is purely voluntary and is available to all Canadians — effectively functioning as a pooled registered pension plan (PRPP).

Available in all provinces outside of Quebec, the Pooled Registered Pension Plan (PRPP) is simple, affordable and quick - to - set - up for federally regulated employers and self - employed individuals.

A Pooled Registered Pension Plan (PRPP) is a new type of savings plan intended to provide employees and the self - employed with another way to accumulate funds for retirement in a tax - assisted manner.