Benefits and Pensions Monitor News: The Ontario government has adopted a regulation that will allow Ontario to join the Multilateral Agreement Respecting Pooled Registered Pension Plans and Voluntary Retirement Savings Plans.
On February 17, 2017, the Ontario government adopted a regulation that will allow Ontario to join the Multilateral Agreement Respecting Pooled Registered Pension Plans and Voluntary Retirement Savings Plans (the “Multilateral PRPP Agreement”).
Both Ontario and Manitoba took steps to allow for the introduction of Pooled Registered Pension Plans (PRPPs) in those provinces.
Montreal Gazette: All Quebec companies with at least 20 employees must comply with the VRSP Act by December 31, 2016.
For any Quebec employer that had 20 or more employees as at June 30, 2016, the deadline for setting up a Voluntary Retirement Savings Plan (VRSP) or other type of retirement plan that involves pay deductions is December 31, 2016.
Association des restaurateurs du Québec : La mise en place d'un régime volontaire d’épargne-retraite (RVER) sera graduellement obligatoire au cours des prochains mois pour toute entreprise de plus de cinq employés n’offrant pas déjà un autre...
In May 2016, three new provinces adopted and proclaimed into force legislation permitting pooled registered pension plans (“PRPPs”): British Columbia, Nova Scotia and Saskatchewan.
On July 15, 2015, the Federal Government published the draft Multilateral Agreement Respecting Pooled Registered Pension Plans (the “Agreement”).
Benefits and Pensions Monitor: We can expect to see continued progression and innovation in the capital accumulation plan (CAP) landscape.
On May 26, 2015, the Ontario legislature passed Bill 57 - the Pooled Registered Pension Plans Act.