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National News

08/27/2015 - 07:00
The Canadian Nuclear Safety Commission (CNSC) has updated REGDOC-3.5.2, Compliance and Enforcement: Administrative Monetary Penalties. Specifically, section 3.3 on "right to request a review" has been modified. The Commission Secretariat now has a form available to assist persons wishing to request a review of an issued notice of violation.
08/26/2015 - 13:13
An acclaimed Halifax filmmaker pays tribute to a Maritimes music legend as part of a rich selection of National Film Board of Canada (NFB) documentaries and animation at the 2015 Atlantic Film Festival, taking place September 17–24, 2015.
08/21/2015 - 14:45
The National Energy Board (NEB) hearing panel for the Trans Mountain Pipeline Expansion project (Project) is postponing oral summary arguments, previously scheduled in Calgary on Monday August 24 and in Burnaby from September 9-30.

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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