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.

Already a SPP client?
1-877-413-1194 (toll-free)

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  • Voluntary contributions may be withdrawn before retirement or when the employee leaves the company, if the employer has given prior consent.

Useful Articles

Enjoying retirement

Find out more



Does your company have between 10 and 19 employees?

Learn about the VRSP



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