The Investment Industry Association of Canada (IIAC) is sounding the alarm over the Ontario government’s “haste in moving forward with the ORPP.”
IIAC’s main concern is that if an existing savings plan for employees, such as a group RRSP, isn’t deemed a ‘comparable plan’ to the ORPP, “the result will be reduced flexibility and choice for employers and employees, and an overall weakening of the Ontario financial services sector – a negative economic impact that will be felt across all of Canada.”
Click here to read IIAC’s letter to the Ontario Ministry of Finance.
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