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National News

04/26/2015 - 13:28
The Honourable Rob Nicholson, P.C., Q.C., M.P. for Niagara Falls, Minister of Foreign Affairs, today issued the following statement:
04/26/2015 - 12:30
Parish Municipality of Saint-Édouard-de-Fabre in Abitibi-Témiscamingue receives funding from Canada Economic Development for Quebec Regions for community hall expansion and renovation.
04/26/2015 - 07:40
The Honourable Rob Nicholson, P.C., Q.C., M.P. for Niagara Falls, Minister of Foreign Affairs, today issued the following statement
04/25/2015 - 12:52
The Honourable Kerry Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, is welcoming the Harper Government's Economic Action Plan 2015. It will support jobs and growth in Winnipeg and across Manitoba, help our families and communities prosper and ensure the security of all Canadians.

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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