ORPP delayed by 1 year

Large corporations will still have to register with the ORPP as of January 1, 2017, but won’t have to start remitting premiums until January 1, 2018.

By Glenn Kauth, Benefits Canada | February 16, 2016 | Last updated on February 16, 2016

1 min read

Ontario finance minister Charles Sousa announced today the province would be delaying the ORPP by one year. Large corporations will still have to register with the ORPP as of January 1, 2017, but won’t have to start remitting premiums until January 1, 2018.

The Association of Canadian Pension Management is welcoming the announcement, with CEO Bryan Hocking, calling it a “wise” move.

“I think they’ve had enough input from a number of different organizations and companies that are all saying the same thing at this point,” he notes, referring to a growing number of calls in recent weeks to delay the ORPP by one year.

Sousa also announced the province had reached an agreement with the federal government on administrative support for the ORPP. The province says the federal government has agreed to facilitate plan registration and data-sharing arrangements and will work with Ontario on issues, such as collecting employer and employee contributions.

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Glenn Kauth, Benefits Canada

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