Thank you.
The recent C.D. Howe Institute report on PRPPs said that “many low- to middle-income Canadians should avoid this new retirement saving vehicle”. One of the recommendations was that “[i]f PRPP tax rules are amended to allow tax-free accounts, PRPP administrators should be required to develop screening and education profiles to help members select” the right sort of account and to avoid having low- and middle-income Canadians, for instance, investing in the PRPPs.
Would you agree that it ought to be part of the recommendations to the financial industry that low- and middle-income Canadians ought not to invest in PRPPs?