Pooled Registered Pension Plan Annual Information Return: new form, guide, and filing deadline

OSFI has posted a revised version of the Pooled Registered Pension Plan Annual Information Return (PRPP AIR) along with a new Guide to the return (Guide to the Pooled Registered Pension Plan Annual Information Return – Form RC368). The purpose of the Guide is to assist administrators of PRPPs in completing the joint PRPP AIR that must be filed with OSFI and the Canada Revenue Agency.

To provide administrators more time in order to obtain all the necessary information requested, a new filing deadline has also been established for the PRPP AIR. On February 15, 2017, the Superintendent of Financial Institutions issued a directive pursuant to the Pooled Registered Pension Plans Act changing the filing deadline to provide PRPP administrators with an additional month to file the return, which includes an auditor’s report on the PRPP’s assets. The new filing deadline, which takes effect immediately, is four months after the end of the year to which the document relates. A copy of the Superintendent’s directive can be found on the Acts, Regulations & Directives page of OSFI’s website.

Please note that the PRPP annual assessment due date of March 31 is unchanged. OSFI will send an assessment invoice to each PRPP administrator based on the total number of members and other account holders of the PRPP as at the end of the preceding year.