Defined Contribution Registered Pension Plan (DCRPP)

•  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.

•  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.