This clause relates to the implementation of pooled registered pension plans. It provides two things.
Subclause 8(1), the amendment to paragraph 20(1)(q), would allow employer deductions for contributions to pooled registered pension plans.
Subclause 8(2), relating to paragraph 20(2.2)(a), is an exception from the definition of life insurance policy. That allows a deduction for interest for money used to make employer contributions in respect of life insurance policies issued under a PRPP.