The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is writing to express our views on the ongoing usefulness of the 30 per cent rule and considerations relating to its elimination pursuant to the Federal government’s consultation on this matter (the “Consultation”).
PMAC applauds the Federal government in its pursuit of strengthening and modernizing pension legislation for the benefit of Canadians, including this Consultation and the agreement in principal reached on the Canada Pension Plan earlier this summer.
PMAC strongly advocates for measures that encourage and bolster the ability of Canadians to adequately save for retirement. We believe that any measures that promote the ease and returns of such savings are critical for a secure and prosperous Canadian economy.