In order to make it easier for Canadians to save for retirement, Federal legislation was passed to introduce Pooled Registered Pension Plans (PRPPs) to the Canadian market. By October 2014, PRPPs became available to Federally regulated employers across Canada. Québec became the first province in Canada to enact legislation requiring employers with five or more eligible employees to offer a Voluntary Retirement Savings Plan (VRSP). This requirement extends to employers who do not offer a registered pension plan, an RRSP or a TFSA option for which source deductions can be made.
Join our expert guest speakers, Efrat Rosenblum, B.A., GBA, VRSP Consultant, Group Retirement Solutions – Manulife, Lina Aristeo, LL.B, e2r, and Sandra Sutton, Director of Product Strategy, Ceridian, as they discuss important information on VRSP legislation and how it impacts employers in Quebec.