Pooled Registered Pension Plans Act

An Act relating to pooled registered pension plans and making related amendments to other Acts

This bill was last introduced in the 41st Parliament, 1st Session, which ended in September 2013.

Sponsor

Jim Flaherty  Conservative

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill.

This enactment provides a legal framework for the establishment and administration of pooled registered pension plans that will be accessible to employees and self-employed persons and that will pool the funds in members’ accounts to achieve lower costs in relation to investment management and plan administration.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

June 12, 2012 Passed That the Bill be now read a third time and do pass.
June 12, 2012 Passed That this question be now put.
June 7, 2012 Passed That, in relation to Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts, not more than five further hours shall be allotted to the consideration of the third reading stage of the Bill; and that, at the expiry of the five hours on the consideration of the third reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and, in turn, every question necessary for the disposal of the said stage of the Bill shall be put forthwith and successively, without further debate or amendment.
May 28, 2012 Passed That Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts, {as amended}, be concurred in at report stage [with a further amendment/with further amendments] .
May 28, 2012 Failed That Bill C-25, be amended by deleting Clause 1.
Feb. 1, 2012 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.
Jan. 31, 2012 Passed That, in relation to Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts, not more than two further sitting days shall be allotted to the consideration at second reading stage of the Bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the second day allotted to the consideration at second reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and, in turn, every question necessary for the disposal of the said stage of the Bill shall be put forthwith and successively, without further debate or amendment.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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Conservative

Ted Menzies Conservative Macleod, AB

I have a point of order, Madam Speaker.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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The Deputy Speaker Denise Savoie

On that point of order, I will hear the hon. member, but I would like to ask all members to be judicious in their use of language in the House. It is not permitted to use offensive language in speaking about other members.

I assume we can move on.

The hon. minister.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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Conservative

Ted Menzies Conservative Macleod, AB

Madam Speaker, I appreciate the fact that you find that sort of language offensive in this place. We are all here for one purpose, and that is to help Canadians, not to call each other names. That is deplorable, and I would ask you to ask the hon. member to apologize.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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The Deputy Speaker Denise Savoie

I am asking the hon. member for Timmins—James Bay to withdraw that comment.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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NDP

Charlie Angus NDP Timmins—James Bay, ON

Madam Speaker, I would be more than willing to withdraw that comment, but I want to say that we are here to represent our constituents and to debate, and what is happening with the government is a shutdown of debate because it will not do the honest thing and stand up and speak. That is what is intolerable in the House.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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The Deputy Speaker Denise Savoie

I consider that the hon. member has stated that he is withdrawing that statement.

I must advise all members that it is my duty to interrupt these proceedings.

On that last point of order, the hon. parliamentary secretary.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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Conservative

Shelly Glover Conservative Saint Boniface, MB

Madam Speaker, I have been here only a little short of four years now, and it boggles my mind that this type of behaviour continues under your watch, Madam Speaker. I would appreciate it if you would actually listen as I speak, because the member ought to apologize, which is what is required, not retract and then attack again. I would ask, Madam Speaker, to please—

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:35 a.m.


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The Deputy Speaker Denise Savoie

Order, please.

I must interrupt these proceedings, but according to the rules of order the hon. member's comments have been accepted as the equivalent of an apology. I will close the matter now.

It is my duty to interrupt the proceedings and put forthwith the question necessary to dispose of the motion now before the House.

The question is on the motion. Is it the pleasure of the House to adopt the motion?

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:40 a.m.


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Some hon. members

Agreed.

No.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:40 a.m.


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The Deputy Speaker Denise Savoie

All those in favour of the motion will please say yea.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:40 a.m.


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Some hon. members

Yea.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:40 a.m.


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The Deputy Speaker Denise Savoie

All those opposed will please say nay.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:40 a.m.


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Some hon. members

Nay.

Bill C-25—Time Allocation MotionPooled Registered Pension Plans ActGovernment Orders

June 7th, 2012 / 10:40 a.m.


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The Deputy Speaker Denise Savoie

In my opinion the yeas have it.

And five or more members having risen:

Call in the members.

(The House divided on the motion, which was agreed to on the following division:)

Vote #274