PRPP application process

The application process for a pooled registered pension plan (PRPP) is a three step process. The administrator must first become licensed by the federal or provincial pension supervisory authority. The licensed administrator must then send the pooled pension plan (PPP) to the pension supervisory authority to be registered under the Pooled Registered Pension Plans Act or a similar law of province. Once the plan is registered by the applicable supervisory authority, it must then be sent to the Canada Revenue Agency to become a PRPP under the Income Tax Act.

We will not register a PPP unless the administrator applies for registration and the plan meets the registration conditions. The conditions for registration and additional conditions applicable to PRPPs are found in IC13-1R1, Pooled Registered Pension Plans.

Application for registration

All of these certified documents must be included in your application:

• a completed Form RC364-CA, Application to Register a Pooled Pension Plan. If your pension supervisory authority has a joint form with the CRA, the applicable RC364 form should be sent instead. This form can now be submitted electronically. Go to filing methods for more information
• the plan text and any other documents that include the plan terms
• all trust deeds, insurance contracts, agreements, and any other documents relating to the funding of the plan benefits