Whitehorse, Yukon, August 26, 2013
2013-106
The Honourable Kevin Sorenson, Minister of State (Finance), today spoke to the Whitehorse Chamber of Commerce on the state of the Canadian economy and the retirement savings opportunities presented by the introduction of Pooled Registered Pension Plans (PRPPs).
“Our Government’s top priority is jobs, growth and long-term prosperity,” said Minister Sorenson. “And our plan is working: since July 2009 employment has increased by nearly one million jobs—the strongest job growth among G-7 countries over the recovery.”
Today’s roundtable discussion also highlighted progress in implementing PRPPs, which are the result of cooperation, research and consultations among Canada’s Finance Ministers on the best way to ensure the long-term strength of Canada’s retirement income system.
“With over 60 per cent of Canadians without a workplace pension, the introduction of PRPPs provides a new low-cost pension option to employers, employees and the self-employed,” said Minister Sorenson. “Our Government’s introduction of PRPPs is a prime example of the latest innovative savings products that can help Canadians save more effectively for retirement.”
A week following Prime Minister Stephen Harper’s visit to Yukon, Minister Sorenson also held a meeting with Premier Darrell Pasloski, where they discussed the Canadian economy and issues pertaining to Yukon.
Bram Sepers
Communications
Office of the Minister of State (Finance)
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
