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

Author

Listed:
  • Keith Ambachtsheer

    (Rotman International Centre for Pension Management)

  • Keith Waitzer

    (Stikeman Elliott LLP)

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.

Suggested Citation

  • Keith Ambachtsheer & Keith Waitzer, 2011. "Saving Pooled Registered Pension Plans: It's Up To the Provinces," e-briefs 128, C.D. Howe Institute.
    • Handle: RePEc:cdh:ebrief:128
    as

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    File URL: https://www.cdhowe.org/public-policy-research/saving-pooled-registered-pension-plans-it%E2%80%99s-provinces
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    References listed on IDEAS

    as
    1. David A. Dodge & Alexandre Laurin & Colin Busby, 2010. "The Piggy Bank Index: Matching Canadians’ Savings Rates to Their Retirement Dreams," e-briefs 95, C.D. Howe Institute.
    2. James Pierlot & Faisal Siddiqi, 2011. "Legal for Life: Why Canadians Need a Lifetime Retirement Saving Limit," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 336, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Pension Papers; Canada; Canadian provinces; tax sheltered savings plan; pooled registered pension plan (PRPP);
    All these keywords.

    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; Retirement Plans; Private Pensions

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