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Ontario and Manitoba move to adopt Pooled Registered Pension Plans

Both Ontario and Manitoba took steps to allow for the introduction of Pooled Registered Pension Plans (PRPPs) in those provinces. PRPPs are an optional form of pension plan for employers who wish to offer a low-cost, defined contribution plan to their employees. The PRPP is sponsored and administered by a financial institution, while the employer sets the contribution rates for employees and, if applicable, the employer.

Ontario adopts PRPP regulations

On November 4, 2016, Ontario adopted regulations to implement PRPPs. The regulations implement the draft regulations that were released in July 2016 and discussed in the July 2016 News and Views.

PRPPs will become effective in Ontario upon proclamation by the government. It is not specified when that will happen.

Manitoba introduces PRPP legislation

On November 23, 2016, the government of Manitoba presented legislation to allow for the introduction of PRPPs in the province. As with other provinces, Manitoba’s legislation will incorporate existing federal legislation, with some modifications.


Ontario and Manitoba will join a growing list of provinces implementing PRPPs. British Columbia, Nova Scotia, Saskatchewan and the federal jurisdiction currently permit PRPPs to be offered, while Alberta has passed its statute and is awaiting regulations. Quebec has implemented similar plans, termed Voluntary Retirement Saving Plans or VRSPs. Only the provinces of New Brunswick, Prince Edward Island and Newfoundland and Labrador have yet to take legislative steps towards the introduction of PRPPs.

News & Views - December 2016 (PDF)