VRSPs: Quebec Leads the (Wrong) Way
Quebec is the first jurisdiction to announce the terms of a Pooled Retirement Savings Plan (PRPP), the voluntary savings scheme which the federal government is touting as the solution to our growing retirement income crisis. In its 2012 Budget, released March 20, the Quebec government announced the rules for Voluntary Retirement Savings Plans (VRSP), to be in place as of January 1, 2013. All Quebec employers, with at least