Human Resources Legislative Update
Federal Pooled Registered Pension Plan (“PRPP”) Legislation Introduced
Date: November 17, 2011
On November 17, 2011, the Minister of State (Finance) and the Minister of Industry announced the introduction of Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts, new legislation implementing the framework for the federal component of the PRPP.
The government will shortly release draft tax rules for public commentary, which will apply to both federally and provincially regulated PRPPs. Provincial enabling legislation has not yet been introduced; the new Ontario government will convene on November 21, 2011.
