Defined Contribution Registered Pension Plan (DCRPP)

Choose the defined contribution registered pension plan for a convenient option that gives employees a clear picture of their retirement savings.

How the DCRPP benefits employers

  • Contributions and administration fees are tax deductible for the employer.
  • Contributions by the employer and employee are "locked-in" until retirement.
  • The mandatory minimum requirements for employer contributions show the employer cares about the financial security of its employees.

How the DCRPP benefits employees

  • Since the employer is required to contribute, the DCRPP is seen as a highly attractive employee benefit.
  • In the event of personal bankruptcy or insolvency, participants' savings are protected from creditors.
  • Contributions are set in advance at a fixed amount or based on a percentage of the salary.

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