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Canadian NQDCPs?


Guest Mariko

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Guest Mariko

It is my understanding that Canadian DCPs only allow for very limited deferrals for a temporary period (i.e. can only defer bonus and can only leave funds in the plan for 3 years or so). Has anyone successfully been able to design a more feature-rich DCP for Canadian employers?

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Guest EAKarno

My understanding is that supplemental, employer provided deferred compensation works in Canada, but not voluntary employee deferrals.

Not being Canadian, I know of this only second hand. However, this is how we have always approached U.S. plans that include Canadian employees.

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