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National News

11/20/2014 - 15:40
The Honourable Rob Nicholson, P.C., Q.C., M.P. for Niagara Falls, Minister of National Defence, joined by the Honourable Peter MacKay, Regional Minister for Nova Scotia, Minister of Justice and Attorney General of Canada, and Mr. Peter Van Praagh, President of the Halifax International Security Forum will officially launch the sixth annual Halifax International Security Forum, on November 21, 2014.
11/20/2014 - 14:15
CALGARY ― The Honourable Greg Rickford, Canada's Minister of Natural Resources, will deliver keynote remarks at the Economic Club of Canada's annual Canadian Energy Summit.
11/20/2014 - 14:05
Finance Minister Joe Oliver today announced that the Government of Canada successfully issued $1.0 billion in 50-year bonds. This is in addition to the $2.5 billion in 50-year bonds currently outstanding.
11/20/2014 - 12:22
The Honourable Ed Fast, Minister of International Trade, will launch the first in a series of export workshops on November 21, 2014, in Richmond, British Columbia.

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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