Bill C-25 (Historical)

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. The Library of Parliament often publishes better independent summaries.

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.

Finance Committee, on Feb. 16, 2012

  • Diane Lafleur, General Director, Financial Sector Policy Branch, Department of Finance
  • John Grace, Specialist, Pension Policy, Office of the Superintendent of Financial Institutions
  • Lynn Hemmings, Senior Chief, Financial Sector Division, Department of Finance
  • Leah Anderson, Director, Financial Sector Division, Financial Sector Policy Branch, Department of Finance
  • Carol Taraschuk, Senior Counsel, Legal Services for the Office of the Superintendent of Financial Institutions, Department of Justice

Finance Committee, on Feb. 28, 2012

  • Susan Eng, Vice-President, Advocacy, Canadian Association of Retired Persons
  • Marion Wrobel, Vice-President, Policy and Operations, Canadian Bankers Association
  • Mitch Frazer, Chair, National Pensions and Benefits Section, Canadian Bar Association
  • Daniel Kelly, Senior Vice-President, Legislative Affairs, Canadian Federation of Independent Business
  • Jeffrey Turnbull, Past-President, Canadian Medical Association
  • Guillaum Dubreuil, Vice-President, Public Affairs, Regroupement des jeunes chambres de commerce du Québec

Finance Committee, on March 1, 2012

  • Michel Lizée, Economist and Coordinator, Community Services, University of Québec at Montreal, As an Individual
  • Jean-Pierre Laporte, Pension Lawyer, As an Individual
  • Chris Roberts, Senior Researcher, Social and Economic Policy Department, Canadian Labour Congress
  • Leslie Byrnes, Vice-President, Distribution and Pensions, Canadian Life and Health Insurance Association Inc.
  • Kevin Skerrett, Senior Research Officer, Canadian Union of Public Employees
  • Yves-Thomas Dorval, President, Quebec Employers' Council
  • Phil Benson, Lobbyist, Teamsters Canada

Finance Committee, on March 6, 2012

  • Carol Taraschuk, Senior Counsel, Legal Services for the Office of the Superintendent of Financial Institutions, Department of Justice
  • Leah Anderson, Director, Financial Sector Division, Financial Sector Policy Branch, Department of Finance
  • Diane Lafleur, General Director, Financial Sector Policy Branch, Department of Finance
  • Lynn Hemmings
  • Andrew Donelle, Special Advisor, Pensions, Tax Legislation Division, Department of Finance