June Newsletter - ORPP vs CPP

Contributions to the Ontario Registered Pension Plan ORPP, a new pension system to help Ontario residents save for retirement, were set to commence as early as January 1, 2017.  With enhancements announced to the Canada Pension Plan (“CPP”) on June 20, 2016, the ORPP will almost certainly be abandoned.  Our July newsletter, which can be found here,  reviews the original ORPP proposals, the proposed changes to the CPP system, and summarizes what this means for Ontario residents and small businesses going forward. If you have any questions about this topic please call our office at 613-235-2000 and ask to speak to Jacob Milosek.