Did you know that last year, only eight per cent of Canadians maxed out their RRSPs? And that six out of every 10 Canadians do not have a pension plan at their workplace?

Even though small business owners might like to set up a pension plan for their workers, pension plans are usually too complex for them to set up and administer.

It is for these reasons that the Conservative government introduced legislation on November 17th to set up Pooled Registered Pension Plans.

These Pension Plans are large scale, low cost, pension plans that small businesses can join so that their employees have access to a pension plan.  Since these pension plans will be harmonized across the provinces and be administrated by professionals, self employed and small business workers will finally be able to have access to pensions beyond the CPP.

I’m Brad Trost, your Member of Parliament in Saskatoon-Humboldt. You can reach my office in Saskatoon at 975-6133. Feel free to drop by my two offices for a visit: Saskatoon (Monday to Friday) or Humboldt (Tuesday and Wednesday). I always appreciate your feedback.