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National News

02/27/2015 - 08:00
The Honourable Lynne Yelich, Minister of State (Foreign Affairs and Consular), today announced that she will attend the inauguration of Tabaré Vázquez as president of Uruguay on March 1, 2015.
02/27/2015 - 07:54
Minister Findlay highlights resources for recognizing and reporting fraud during Fraud Prevention Month
02/27/2015 - 07:00
Many thanks to Luciana Duranti for inviting me to speak to you today.
02/27/2015 - 06:58
The Canada Border Services Agency (CBSA) Criminal Investigations Unit has laid one charge against Anderson Nosa Faluyi, 39, following his arrest at the Calgary International Airport on February 16, 2015. Faluyi is facing one charge under the Immigration and Refugee Protection Act (IRPA).

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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