The federal government has released draft legislation with respect to the implementation of pooled registered pension plans (PRPPs), together with a backgrounder summarizing the key features of the proposed plans. Those features include the following.
More detailed information can be found in the Department of Finance draft legislation and backgrounder, which are available at http://www.fin.gc.ca/n11/11-134-eng.asp.
The federal government is seeking input on the proposed rules, and the deadline for submissions is February 14, 2012. More information the methods by which comments can be submitted can be found on the Department of Finance Web site.