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Retirement Savings

Our Position

The Canadian Chamber of Commerce has been supportive of Pooled Registered Pension Plans (PRPPs) as an option for employers, particularly SMEs, to assist their employees to save for their retirement. PRPPs allow members (who can also be self-employed) to benefit from the lower administrative fees permitted by the pooling of their plans.

Some federal and provincial political parties have said the Canada Pension Plan (CPP) must also be enhanced. It is our position that any CPP enhancements, which require the approval of two-thirds of the provinces and territories representing two-thirds of Canada’s population, must be voluntary and funded by employees only.