Understanding Ontario PRPP
The Province of Ontario has tabled Pooled Registered Pension Plan (PRPP) legislation for consideration– a solution designed to help strengthen the retirement system and mitigate the savings gap that currently exists across the province. Ontario’s PRPP Act incorporates many of the same rules contained in the federal PRPP legislation around plan registration and administration. More information will be shared once the Ontario government finalizes its PRPP regulations.
Manulife continues to demonstrate its leadership in the emergence of the PRPP across the country by working with federal and provincial governments to introduce legislation and make the needs of small businesses a top priority. Leveraging our own product expertise, we look forward to offering our simple, affordable, easy-to-use PRPP and supporting your sales efforts, in every province that implements legislation.
PRPP across Canada