The DPSP is an approved agreement according to CRA requirements pursuant to which an employer can share the profits of his business with all his employees or group of employees.
This plan is quite flexible, as it is not subject to laws concerning pension plans and the employer is not obligated to make a minimum contribution.
Incites employees to participate in the business' success
Acts as a complement to the group or individual RRSP with an incentive plan for employees
Contributions made to a DPSP and operational costs are tax-deductible for the employer
Investment income accumulates tax-free like in an RRSP
There are several types of retirement plans, and each one has specific features that differentiates it. Our experts are here to guide you in choosing the right retirement plan and the right administrator.
We've been helping you with simplified financial solutions for over 45 years.
Over 1,000 companies take advantage of our exclusive products and service offers. Join them and equip yourself with personalized plans for you and your employees.
A group retirement plan (or group RRSP) is a retirement savings instrument for a group of employees, unionized workers, or members of an association, which is issued by a financial institution and approved by the CRA (Canada Revenue Agency).
The Individual Pension Plan (IPP) is a defined benefit pension plan whose retirement income corresponds to 2% of the average of the 3 highest income years for each recognized year of service.
Simplify implementation in accordance with legal obligations set out in Act 39.
Taxation
Living Benefits
Mortgage brokerage
Life Insurance