Pooled Registered Pension Plan (PRPP)

PRPP is a retirement savings option for individuals. According to the CRA, as of January 1, 2013, individuals can participate in a PRPP if they have a SIN and if they:

• are employed or self-employed in the Northwest Territories, Nunavut or Yukon;
• work in a federally regulated business or industry for an employer who chooses to participate in a PRPP; or
• live in a province that has the required provincial standards legislation in place.

How does someone enroll?

If an employer is participating in a PRPP, the employer can enroll employees. If not, people can enroll through a bank or insurance company. Once enrolled, a PRPP account is created with the individual's SIN. Much like other retirement savings plans, the individual chooses the contribution amounts.

What do you want to do?

Set up your company for PRPP

Join a PRPP