Saving Pooled Registered Pension Plans: It's Up To the Provinces

Keith Ambachtsheer and Keith Waitzer
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Keith Ambachtsheer: Rotman International Centre for Pension Management
Keith Waitzer: Stikeman Elliott LLP

No 128, e-briefs from C.D. Howe Institute

Abstract: The Canadian federal government’s Bill C-25 provides for a new type of tax sheltered savings plan for Canadians called a pooled registered pension plan (PRPP). In its current form, however, the design blueprint falls short of its primary objective: to ensure that the majority of Canadians who do not have a workplace pension will have access to a well-regulated, low-cost, private sector capital accumulation plan. Provincial leadership is required to breathe life into the federal legislation, by requiring employers to offer PRPPs to employees, and provide well-thoughtout default options and an independent PRPP licensing system.

Keywords: Pension Papers; Canada; Canadian provinces; tax sheltered savings plan; pooled registered pension plan (PRPP) (search for similar items in EconPapers)
JEL-codes: G2 G23 J3 J32 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2011-12
New Economics Papers: this item is included in nep-age
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Published on the C.D. Howe Institute website, December 2011

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Persistent link: https://EconPapers.repec.org/RePEc:cdh:ebrief:128

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