Saving Pooled Registered Pension Plans: It's Up To the Provinces
AbstractThe 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.
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Bibliographic InfoPaper provided by C.D. Howe Institute in its series e-briefs with number 128.
Length: 7 pages
Date of creation: Dec 2011
Date of revision:
Publication status: Published on the C.D. Howe Institute website, December 2011
Pension Papers; Canada; Canadian provinces; tax sheltered savings plan; pooled registered pension plan (PRPP);
Find related papers by JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Private Pensions
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