BenefitsLink logo
EmployeeBenefitsJobs logo
Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Featured Jobs

Client Services Representative (Miami FL / Telecommute)

Retirement Plan Administrator (Santa Ana CA)

Sales - 401(k) / DB (FL / GA / IL / MN / MO / NC / TN / WI)

Defined Contribution Account Manager (Houston TX / Dallas TX / Austin TX / Scottsdale AZ / Telecommute)
Search all jobs
 
Get the BenefitsLink app LinkedIn
Twitter
Facebook
Jump to content
BenefitsLink Message Boards
Sign in to follow this  
Kseniyam1

Canada: RRSP vs. DPSP+RRSP

Recommended Posts

Hello,

My company is evaluating two options: whether to sponsor in Canada RRSP or combined plan DPSP/RRSP.

There will be 10 employees, employee will aim to contribute annually $10,000, employer will contribute $5,000 regardless.

So can someone walk me through the costs and benefits of both plans FROM EMPLOYER's PROSPECTIVE.

My understanding is that if the employer contributes under DPSP - it will be separate from RRSP and can be deducted as operating expense. If the employer contributes into RRSP - it will be part of the salary and thus taxable to the employer as a salary. So what is the bottom line for the employer in each scenario? Also, how much does it typically cost to open/maintain the plan, etc...

I would appreciate any information or links to some useful sources, besides BenefitsCanada.

Thank you,

Kseniya

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
  • Create New...