Administrator/Plan Options for Canadian Corp.

[Cathy from Chicago]

One of our admin clients is opening a Canadian subsidiary, paying the sole employee in Canadian dollars, etc. They would like to offer him a pension plan and asked us for assistance. Does anyone know of a Canadian pension design/admin firm and/or a website where I might look further? Thank you.

[Jon Chambers]

I have very limited experience. One thing I do know is that Canadian pension regs vary by province, so you would want someone with expertise in the applicable province. One other quick thought is that most of the small plan Canadian market is funded through RRSPs (a Canadian IRA equivalent), so the project may be pretty manageable. If your client is large enough, and the RRSP answer isn't simple enough, I'd try the multi-national consulting firms (Watson Wyatt, Mercer, etc.)

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Jon C. Chambers

Principal

Schultz Collins Lawson Chambers, Inc.

(415) 291-3004