AuthorAri Kaplan, Mitch Frazer
The purpose of this book is to a ssist readers in understanding the basic
concepts of the law and regulation of registered pension plans ari s-
ing from employment in Canada. The expre ssion arising from employ-
ment means that the pen sion plans are those ba sed on the “private”
employment relationship that is, plans sponsored by employers or
trade unions, that are reg istered both with the Canada Revenue Agency
for tax purposes, and with a provincial or the federal pension regulator
for pension standards pur poses. These include pension plans covering
employees in both the private sector and the broader public sector in all
three levels of government.
A differentiation must be made between “registered” pension plans
and other retirement vehicles. Registered pension plans do not include
government-sponsored universal retirement programs such as Canad a
Pension Plan (and its Quebec counterpart, the Quebec Pension Plan),
the federal Old Age Security program (including the Guaranteed In-
come Supplement and Spouse’s Allowance), or the various provincial
assistance scheme s for low-income persons. Pension plans must also
be distinguished from other employment-based retirement arra nge-
ments such as group registered retirement savings plans a nd deferred
prof‌it sharing plans. Nor do pension plans include individual savi ngs
accounts (such as a personal RRSP). These forms of retirement vehicles,
while comprising a signif‌icant element of the Canadian retirement
landscape, fal l outside the scope of this book.

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