Simplified Pension Plan (SPP)

The SPP is a simple, cost-effective plan that is administered by National Bank Trust for your convenience. Talk to your account manager.

How the SPP benefits employers

  • The SPP is a multi-employer plan, which reduces administrative costs.
  • Contributions and administrative fees are tax deductible.
  • As the SPP is a defined contribution plan, the employer does not assume any financial risk. The annuity depends on the total amount accumulated in the participant’s account at retirement.
  • The employee is responsible for providing investment instructions, not the employer.

How the SPP benefits employees

  • Participants can receive an immediate tax refund on their payroll contributions.
  • Contributions are vested immediately.
  • Voluntary contributions may be withdrawn before retirement or when the employee leaves the company, if the employer has given prior consent.

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VRSP

 

Does your company have between 10 and 19 employees?

Learn about the VRSP

RRSP

 

Are you looking for a simple, flexible retirement savings plan for your employees?

Choose our group RRSP

group TFSA

 

Are you an employer looking to supplement your retirement savings plan?

Learn about our group TFSA