Sentences with phrase «pooled registered pension plans»

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.

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:

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.

On December 8, 2014, Bill 57, Pooled Registered Pension Plans Act, 2014, received first reading in the Ontario legislature to provide a legal framework for the establishment and administration of a voluntary type of pension plan called a pooled registered pension plan that is accessible to employees and self - employed persons and that pools the funds in members» accounts to achieve lower costs in relation to investment management and plan administration.

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.»

Regulations have been drafted and will soon be published to address provisions of An Act relating to pooled registered pension plans and making related amendments to other Acts (formerly Bill C - 25).

On November 17, 2011, the federal government introduced Bill C - 25, the proposed Pooled Registered Pension Plans Act and making related amendments to other Acts in Parliament as a first step to implement the federal portion of the Pooled Registered Pension Plan (PRPP) framework that will particularly be applicable to small businesses and self - employed persons across Canada.

an announcement to introduce framework legislation in the Fall for the introduction of Pooled Registered Pension Plans — workplace defined contribution pension plans administered by financial institutions instead of employers;

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

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.

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.

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

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.

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

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.

The study makes no mention that I could discern of Ottawa's Pooled Registered Pension Plans (PRPPs).

The Harper government has long preferred tax - free savings accounts and pooled registered pension plans, both voluntary savings vehicles created by the Conservatives, rather than mandated CPP improvements.

When the federal government's Pooled Registered Pension Plans (PRPPs) were announced, I commented at the time that they should be primarily invested in passively managed ETFs from firms like Vanguard Canada, which had just arrived on our shores, or the low - cost «core» portfolios of BlackRock Canada's iShares family of ETFs.

Defined Contribution (DC) plans, RRSPs, group RRSPs and the new PRPPs (Pooled Registered Pension Plans) are all fine vehicles but they do require more investing knowledge and therefore put investment risk squarely on the shoulders of plan members rather than employers.

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).

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

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

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.

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.

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.

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.

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.

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.

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.

The federal and provincial governments are in talks to introduce the Pooled Registered Pension Plan (PRPP), which is targeted at self - employed individuals and employees without pension plans at small - to medium - sized businesses.

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

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.

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.

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.

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.

The new pooled registered pension plan, sorting through financial documents and apps to help you save on gifts for the holidays

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

Not exact matches

Ottawa has long asked the provinces to support Registered Pooled Pension Plans as an alternative to enhancing the CPP, but Ontario has rejected that idea because such plans would be volunPlans as an alternative to enhancing the CPP, but Ontario has rejected that idea because such plans would be volunplans would be voluntary.

For many unsuspecting Americans abroad this conclusion is a mistake, because PFICs are simply «pooled investments» registered outside of the United States encompassing mutual funds, hedge funds, insurance products and non-U.S. pension plans.

Pooled - registered pension plans (PRPP)-- when available in Ontario, a benefit / contribution threshold will be set for PRPPs.

Pooled Registered Retirement Pension Plans.