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Waterloo Chronicle (Waterloo, On1868), 26 Aug 2015, p. 17

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Tâ€"â€"â€"â€"_â€"â€"â€"_â€"â€"â€"77W 7’ ' l i ' / 1 ' I 1 WAmtooanonmoMmd-y,wzs. 2015- I7 1 «we eâ€"â€"â€"~â€"â€"~mâ€"â€"â€"â€"â€"â€"â€"â€"â€"â€" 1 t ‘ 1 O ' ° ° ° ° ‘ t . ntano pensmn debate continues on campaign trail 3 ‘ ' ’ ’ Benefit (DB) plan will be The Ontario Ministry of It could also affect the hiring of young 1 1 5H" n.0t enough deft?“ In exempt. l Finance needs to compile a people and recent graduates at a time when 1 01110110 government 5 new Years ago, this option was ‘ I ‘ _ I i . ‘ l list of all pension plans that all levels of govemment are developing pro- 1 j pension plan as politicians standard for many pensions i i i 1 . “ 3 “ ‘ do not meet thecomparabili- grams to assist thesegroups enteringthe job 1 where employees would ty requtrements and deter market. t Start to debate the PVOS know the exact payout at if V l mine their costs for imple- Furthermore, all businesses â€"- small retirement. mentation. It is clear this is businesses in particular â€" are under siege and cons Ofthe proposal However. after the 2008 3 fit as an additional financial from rising electricity costs. increasing red recession and other con- «1 l burden that cannot be tape,andincreuingminimumwagelevds. he controversy over the Ontario tributing factors. these plans H , absorbed. The provincial government has continu- 1 Retirement Pension Plan tORPP) has are only ofiered by a very few " Also. as I noted two weeks ally repeated that far too many Ontario mi i “N diminished over We past “NO large private sector employ- _, ago, the federal government dents do not have access to a workplace ‘ ' “INKS. ers and the public sector. and g; has stated they will not assist pension plan. 4 l ’Fthgh a wnes of announcements from far beyond the capacity or with administration The main reason is that employers can- 1 } Queen‘s Pari- it has fall!" intensified. any small businesses any- l . __ The province must not afield one. 1 On Aug. 1 I, the prmince announced they where in Canada. include this position in their The ORPP, unfortunately. does nothing to ; 1 will expand the comparability rules under Employers who offer calculations of the costs of addressthat fundamental problem i which employers Will or will not be exempt Group RRSPs or Tax Free Sav- their implementation. 1 from pawns into the new P908300 scheme. ings Accounts, which are . The impact of the new "0 ‘ y "1 Old?! 1? be deemed comparable. a increasingly viable and popular options for pension plan could ultimately be hiring lanMclmn Lipmidentand 1 . defined contribution plan must have a 1013] small business, are not exempt from the (new and reduced wages for Ontario resi- (IOoftheGmterKAW l combined employee and employer rate of on”! dentsalradyworlting, deomm. eight per cent with the employer contribut- Despite the changes in eligibility rules. mg at least four per mm _ the provincial business community still has . ' a I Also. most employers ofienng a Defined (a: WWW answers, _ ‘ 5 .. . my“! 7 ' ‘ ' ““ " «I MM» “' intuition I m Ion: 0.12% . ’ Fm Automatic : . - ma Paw m n. ”a . ‘ Specraliztngqln fibu- ._ Orw Putt flutes '4 AUTOMOBILES "9" ' Newarrivalsweddy . flan: our new , 4 5M» collection 1 1, is its “ I t u i , 3 tntuut on w ‘ ' . ”a; "I". L ' ' ,.. . Wu'“ mm W ' ' " ma- Nobody ever plans to make the taxman - ~â€" - - u . . on» mag... .â€" - ~ - ' ' - ' a beneftcnary of their Will. :-:::-â€"*°‘â€"- : 2-; . : : b t _. __ : : : : : : : Planning ahead van help you avoid ivavmo your loved I. WOW. m 00“ ' ’ :: ones Willi a la- Ltmjen ensuring they INth the p ." ._...- "â€"â€" mairtmum arm not hum your estate W 7:: _...-â€" 'M"'W'”°‘"‘"""" 2:3 :._'._ Callmtolindouthowl’hefianbylmestotsscwp" littcom "an-:7: --- unhelpyouprwideiorthepeopteyoucanabout... (519)552on 2n 7%- momentum. mmflnm 4. ' ' Russ McEachnte x; ,. i ,1, cw. CPCA. CDFA 1 "a 17.“) , - l t 1' mmananctalUpmmm ‘, , 3 4;: {if ,. “mmmlacehookat 'MrlZA(1llNlF.flp\NAWt __ («3'1- 3* "WOW [ GROUP V of”... j I (1'3“ .‘ . ' r , , - ”a ‘ ‘ > ~ ‘\ flmmmum 1 l . ’1 ~ 7g: ' on LN Investors Group ; . if: mml'liifil’lbum .4 w: _ .. . , t... , , , Financial Sewtces Inc, 1 ‘ ‘ ," ’ n......~.._.y. ‘1 ‘1’ ' 1 l w . , y. t . I a : 1 1 4 I 7,,___._________â€"______â€"-â€"-â€"â€"-_ _._‘

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