Manitoba now allows PRPPs

Manitoba proclaimed into force its legislation permitting pooled registered pension plans (PRPPs) on August 1, 2017. On October 5, 2017, the federal government amended its regulations to permit Manitoba to join the multi-lateral pooled registered pension plans agreement.

Together, the changes make Manitoba the newest province where PRPPs can be offered. The current jurisdictions where PRPPs can be offered are British Columbia, Manitoba, Nova Scotia, Ontario, Quebec (where they are termed Voluntary Retirement Savings Plans), Saskatchewan and the federal jurisdiction. Alberta has passed a law to enable PRPPs, but it has not adopted accompanying regulations and its legislation has not yet been proclaimed into force.


News & Views - November 2017 (PDF)