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National News

07/31/2014 - 11:48
s part of the Canadian Food Inspection Agency's (CFIA) annual testing of various food products, a study released today found that more than 98 per cent of a wide variety of food samples tested met Health Canada's standards for chemical residues and metals.
07/31/2014 - 11:24
Today Canada Post recognizes Canada's contribution to the evolution of country music with a series of five new stamps featuring some of the country's most renowned artists. The new stamps feature Tommy Hunter, k.d. lang, Renée Martel, Hank Snow and Shania Twain – 5 of the most unique voices in Canada's country music history.
07/31/2014 - 11:00
Minister Shelly Glover announces support for community organizations throughout British Columbia
07/31/2014 - 11:00
The Canadian Radio-television and Telecommunications Commission (CRTC) today announced that it is prohibiting exclusivity provisions in roaming agreements between Canadian wireless service providers to further enhance sustainable competition in the wireless market.

STRAHL URGES PASSAGE OF NEW RETIREMENT SAVINGS VEHICLE

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Ottawa- Speaking in the House of Commons, Chilliwack-Fraser Canyon MP, Mark Strahl, urged passage of Bill C-25: Pooled Registered Pension Plans Act.

"Hardworking Canadians, without a private pension plan, have called for this type of retirement savings vehicle." Strahl added, "Passage of this bill will mark a significant step forward in securing their retirement."

Pooled Registered Pension Plans (PRPP) will allow small and medium sized businesses, their employees and those who are self-employed to pool their money to provide for accessible, straightforward and administratively low-cost pension plan by reducing the legal and administrative burden faced by employers. It is because of these costs that 60 per cent of Canadians don't have access to a private pension plan.

According to Strahl, PRPPs offer a number of benefits, including:

  • easy enrolment due to low administrative cost and simple arrangement,
  • flexibility for employees and employers in setting their contribution amounts; and
  • portability, allowing employees to move their account as they change careers and employers.

"Millions of Canadians stand to benefit from access to this new low-cost pension plan with the passage of this bill."

For more information, please visit: http://www.fin.gc.ca/act/prpp-prac/index-eng.asp

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