Category: Group RRSP

Reminder: 2013 RRSP contribution reporting deadline

Monday, March 3, 2014, is the deadline for plan sponsors to submit their plan’s RRSP contributions for the 2013 tax year. You can contact your Group RRSP provider and/or our office for more information on deadline procedures to make sure the contributions received on March 3 will be applied towards the 2013 tax year. Online: […]

PRPP Introduced in B.C. but then Stalled

The Pooled Registered Pension Plan (aka PRPP) was getting closer to coming to fruition in British Columbia as per the February 28, 2013 announcement (see article below). However, on March 14, 2013, Bill 16 (the B.C. Pooled Registered Pension Plans Act) died on the order paper leaving a newly elected B.C. government to reintroduce another PRPP Act after the upcoming May […]

Strong Support for PRPP

The results of a recent nationwide survey show many Canadians are concerned they do not have the means to properly save for retirement – and the majority believe Pooled Registered Pension Plans (PRPPs) would help address this fear. According to the survey data: 64% of respondents support the introduction of PRPPs over an increase to […]

Pooled Registered Pension Plans (PRPPs)

Did you know? 60% of Canadians do not have a pension plan and that the current pool of CPP dollars is not enough to provide a pension for future retirees in Canada? The Changes The federal government recently introduced a framework for Pooled Registered Pension Plans (PRPPs).  The purpose of a PRPP is to provide […]

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