Where more than one employer participates in a registered pension plan, s. 147.2(2)(a)(vi) requires that the assets and actuarial liabilities be apportioned in a reasonable manner among the participating employers in respect of their employees and former employees.
After noting that the phrase “an employer who participates in the plan” in s. 147.2(2)(a)(vi) was a “grammatical variation” of the defined term, CRA indicated that it considers that for the purpose of s. 147.2(2)(a)(vi) and other uses of the concept of a participating employer, an employer is considered to be a participating employer even if it has been dissolved or otherwise ceased to exist. Thus, in the example of the application of s. 147.2(2)(a)(vi), RPP assets and liabilities continue to be apportioned to the dissolved employer.