The advantages of the Differed Profit Sharing Plan

How the DPSP benefits employers 

•  The DPSP is a cost-effective plan that can generate considerable savings for employers.

•  Contributions are paid out of pre-tax business income and are tax deductible.

•  Employers can set a vesting period of up to two years. If a participant leaves the company during the vesting period, contributions are returned to the employer.

How the DPSP benefits employees 

•  Contributions made on the participant's behalf are non-taxable and tax-sheltered in an individual account.

•  Accumulated funds are not locked in for retirement. In some cases, funds can be withdrawn in part or in whole during the first two years of membership, depending on the vesting schedule.

•  If participants leave the company, they can withdraw the funds (taxes are withheld at source) or transfer them tax-free into an RRSP, RPP or other DPSP.

Call 1-877-413-1194 (toll-free)

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Helpful services 

Voluntary Retirement Savings Plan

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Group TFSA for businesses

Add more value to your employees’ current retirement savings plan.

How can we support you?

Are you a member of a plan?

Call us to speak to an expert.
 

For participating members, select option 1.
 

For employers, select option 2.

Contact Valérie Saindon

Are you an employer and wish to open a new plan? For Quebec (Centre, East and West), Chaudière-Appalaches, Mauricie, Montreal South Shore and Estrie, contact Valérie Saindon.
 

Phone: 418-802-5644

E-mail: valerie.saindon@bnc.ca
 

Service in French

Contact Gabriel Pizzichemi

Are you an employer and wish to open a new plan? For Montreal, Laval, Laurentides, Lanaudière, Outaouais, as well as the rest of Canada, contact Gabriel Pizzichemi.
 

Phone: 438-865-0595

E-mail: gabriel.pizzichemi@bnc.ca
 

Service in English and French