Deferred Profit Sharing Plan (DPSP)

Attracting and keeping the best employees is a challenge facing many organizations today. By offering a DPSP, companies have the opportunity to transfer some of their pre-tax profits to their plan members. This in turn provides plan members with a healthy incentive for staying with the firm. Low-employee turnover makes it easier for your organization to plan for the future and achieve its long-term goals.

Contributions made by the employer to a DPSP are not subject to payroll related charges, such as CPP deductions, Workers' Compensation, Employment Insurance, or health-tax levies. In conjunction with a group RRSP, a DPSP can provide an employer with a cost-effective alternative to traditional pension plans.

Minimum

• No minimum requirements on account size
• Minimums applicable on individual investment options

Features

• Advice from qualified investment professionals
• Quarterly statements with informative investment newsletter
• Toll-free telephone number to assist you with questions and provide investment advice
• No annual administration fees

Investment Options

• Savings deposits
• Guaranteed Investment Certificates (GICs)
• Over 50 RBC Funds to choose from