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National News

09/23/2014 - 07:00
Tuesday, September 23, 2014-The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will highlight the importance of advanced manufacturing in southern Ontario. The Minister will tour the Advanced Manufacturing Expo tradeshow floor and meet Ontario's innovative manufacturers.
09/23/2014 - 07:00
Minister Ritz promotes open trade at APEC, secures market access for bulls to India, and announces organic equivalency agreement with Japan
09/23/2014 - 07:00
Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture), and François Blais, Minister of Employment and Social Solidarity, announced the implementation of BizPaL in Quebec in partnership with 11 participating municipalities. This free online application is a directory of the permits and licences required to start or run a business. BizPaL therefore saves business people time searching for information and, as a result, helps them meet their obligations more easily.

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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