Part of PMAC’s primary mandate is to advocate members’ views to security regulators and other levels of government. Given our members’ manage a significant portion of Canada’s personal retirement savings and pension portfolios, many of our advocacy efforts are focused on promoting fair and effective regulation and tax policy that protects Canadian’s savings.
PMAC’s advocacy efforts
February 14, 2012
Response to Department of Finance Canada – Proposed Tax Legislative Proposals for Pooled Registered Pension Plans (PRPPs)
(excerpt:)
The Portfolio Management Association of Canada (“PMAC”, formerly the Investment Counsel Association of Canada (“ICAC”)), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit the following comments regarding consultation package of draft legislative proposals for changes to the Income Tax Act and the Income Tax Regulations to accommodate PRPPs (the “Proposed Rules”). We note that some of our comments below will reiterate key points communicated at previous round table discussions that PMAC attended (February 22, 2011 and July 4, 2011) and some comments pertain generally to the draft Pooled Registered Pension Plans Act (the “draft PRPP Act”).
