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Waht is the difference between PRPP & RPP?
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Waht is the difference between PRPP & RPP?
A registered pension plan (RPP) is a pension plan that has been set up by your employer, and registered by us, to provide you with a pension when you retire: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/207-eng.html
A PRPP is a retirement savings option for individuals, including those who are self-employed that enables its members to benefit from lower administration costs that result from participating in a large, pooled pension plan: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/prpp-rpac/menu-eng.html
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Waht is the difference between PRPP & RPP?
- Mark as New
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Waht is the difference between PRPP & RPP?
A registered pension plan (RPP) is a pension plan that has been set up by your employer, and registered by us, to provide you with a pension when you retire: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/207-eng.html
A PRPP is a retirement savings option for individuals, including those who are self-employed that enables its members to benefit from lower administration costs that result from participating in a large, pooled pension plan: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/prpp-rpac/menu-eng.html