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The Honourable Gail Shea, Minister of National Revenue, and Minister for the Atlantic Canada Opportunities Agency, today celebrated that Canadians have been served for five successful years by J. Paul Dubé, Canada's first Taxpayers' Ombudsman.
The Honourable Lisa Raitt, Canada's Labour Minister, today participated in a round table discussion with union leaders to discuss workplace mental health issues.
Prime Minister Stephen Harper today announced the appointments of Mr. Dominic Barton, Ms. Monique F. Leroux, Mr. John Oliver, Ms. Susan Paish and Mr. Eugene Polistuk to the Advisory Committee on the Public Service. The appointments are effective immediately
Prime Minister Stephen Harper today announced that His Excellency the Right Honourable David Johnston, Governor General of Canada, will travel to the United States (U.S.) to visit Boston and New York on May 28 and 29, 2013
STRAHL URGES PASSAGE OF NEW RETIREMENT SAVINGS VEHICLE
Jan 31, 2012
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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