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888.548.8902

Group Retirement

Fuel Their Future and They Will Fuel Your Business

A strong group retirement plan with a combination of pension, profit-sharing and RRSP contribution will help attract the best people and encourage them to stay with you for the long term.

Developing the best group retirement plan for you and your employees includes the following options:

Group Registered Pension Plan (RPP)

Group Registered Retirement Savings Plan (RRSP)

Deferred Profit-Sharing Plan (DPSP)

Succession Strategies

Group Registered Pension Plan (RPP)

The Registered Pension Plan (RPP) is an employer-sponsored plan that is registered with Revenue Canada Agency and conforms to provincial legislation. There are two types of RPPS – Defined Contribution Plan (DC Plan) and Deferred Profit-Sharing Plan (DPSP).

Group Registered Retirement Savings Plan (RRSP)

With the Defined Contribution Plan, employer and employee contributions are specified in the contract and the deposits accumulate with their respective investment returns. At retirement, the employee can purchase an income stream through a number of retirement vehicles (e.g. an annuity). The amount of retirement income available to the employee is dependent on how much was accumulated over the employment years. However, the employer will know their contribution cost, hence the term – defined contribution.

Deferred Profit-Sharing Plan (DPSP)

The Deferred Profit-Sharing Plan (DPSP) is a registered plan for the benefit of non-shareholder employees. The contributions are tax deductible to the employer and tax sheltered for the employee, until they withdraw the money from the plan. Only employers can contribute to a DPSP.

Succession Strategies

Transferring a business from one generation to another (or to a new owner) without a succession plan dramatically reduces your chances of success.

Estate preservation is important for those who have worked a lifetime to build their wealth. The “how to distribute” question is often the most challenging. Why take a risk with something so valuable?

We will provide you and your legal and accounting advisors with the expertise and guidance you need to ensure the successful continuation of your business after it’s passed on to the next person. We look at:

  • Share redemption funding
  • Intergenerational wealth transfer
  • Strategic employee capital funding
  • Retirement compensation agreements
  • Maintaining family business harmony
  • Stabilizing business value

Call us to Book Your Consultation

888.548.8902

Have a question? Drop us a line or email info@meldrumhorne.com to discuss your employee benefit, group retirement, business insurance or financial planning needs.

As a Virtual CFO it is imperative that I align myself with professional partners who enable me to deliver the highest level of service to my clients. I have worked with Meldrum Horne for over 8 years and consider their team invaluable. They provide exceptional support in both the Group Retirement and Benefit spectrums. From an administrative standpoint, the Meldrum Horne team mitigates the risks and the complexities in managing the overall compensation package for employees.
Kevin Byrne
Virtual CFO
Let’s Talk - drop us a line.
888.548.8902 / info@meldrumhorne.com
222 Queen Street, Suite 301
Ottawa, Ontario, Canada
K1P 5V9
Monday to Friday:
8:00am–4:30pm
Saturday to Sunday: Closed
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