Canada: Ontario retirement pension plan

Canada: Ontario retirement pension plan

The Ontario Retirement Pension Plan (ORPP) focuses on employees without access to a plan. Pending approval by Ontario's legislature, the ORPP would not apply to individuals who are currently in a comparable workplace pension plan. Starting in 2017, the ORPP would be funded by phased-in equal co-contributions from both employers and employees, and reach 1.9% each from employer and employee when fully phased in by 2021. Every employee in Ontario would be part of the ORPP or a comparable workplace pension plan by 2020. Benefits are to be paid starting in 2022.


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The plan requires that the ORPP collect equal contributions from eligible employers and eligible employees (not exceeding 1.9% each, or 3.8% in total), up to a maximum annual earnings threshold of CAD $90,000.


Read an August 2015 report prepared by the KPMG member firm in Canada: Ontario Retirement Pension Plan Starts in 2017

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