Federally regulated PRPPs must pay a plan assessment annually. The amount of the plan assessment is determined by multiplying the plan assessment base by the basic rate that is in effect for the fiscal year in which the plan assessment is due to be paid.
The plan assessment base is determined by a formula which includes the number of plan beneficiaries (i.e. members and survivors who hold an account with the plan).
OSFI will send a plan assessment invoice to all federally registered PRPPs based on the total number of members and other account holders of the PRPP as at the end of the preceding year.