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Financial Planning   ->   Pensions   ->   Registered Pension Plans (RPPs)   ->   Pooled Registered Pension Plans (PRPPs)

Pooled Registered Pension Plans (PRPPs)

PRPPs became available on January 1, 2013. See links to the legislation at the bottom of the page.

The objective of PRPPs is to provide low-cost defined contribution pension plans that are available to both employees and the self-employed.

PRPPs are administered by regulated financial institutions, which hopefully decreases the cost and complexity for small employers in setting up a pension plan for their employees.

PRPPs are subject to most of the existing rules which apply to defined contribution RPPs (known as money purchase RPPs in the Income Tax Act).  Employers and employees (employed members) make contributions which are limited by the RPP money purchase limits.  Individual members, which include self-employed persons and employees of an employer that does not offer PRPPs, will make contributions that are limited by the RRSP contribution limits.

Those with a valid Canadian social insurance number (SIN) can participate in a PRPP as long as one of the following criteria is met:

bulletemployed or self-employed in the Northwest Territories, Nunavut or Yukon;
bulletwork in a federally regulated business or industry for an employer who chooses to participate in a PRPP; or
bulletlive in a province that has the required provincial standards legislation in place


Pooled Registered Pensions Plan Act and Regulations

RPP and RRSP contribution limits

Canada Revenue Agency - The Pooled Registered Pension Plan (PRPP)

Revised: October 26, 2023


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