It looks like Ontario has put a roadblock up against Ottawa’s proposed pension reforms, pushing instead for changes to the CPP.
With the proliferation of registered investment vehicles—RRSP, TFSA and soon the PRPP—it may be time to do your due diligence on the newest kid on the block.
Quebec has announced it will introduce voluntary retirement savings plans (VRSPs), targeted at small and medium-sized enterprises and the self-employed. VRSPs will come into force on Jan. 1, 2013.
A rather unimpressed advice industry notwithstanding, the newly re-introduced Pooled Retirement Pension Plans (PRPPs) have found considerable favour with small business owners, according to a recent poll from the Canadian Life and Health Insurance Association (CLHIA).
The advice industry's response to the newly introduced Pooled Retirement Pension Plan (PRPP) continues to be, at best, mixed.
The newly re-introduced Pooled Retirement Pension Plan (PRPP) may be touted as the cure-all for all Canada's flailing retirement savings system, but a rather unimpressed advice industry regards it as just another tool.