Are your clients’ retirement savings plans compliant with new legislation?
Ensuring compliance is a task you don’t need to be worrying about and we can help.
A few things you should know about pension plans…
- RRSP contributions are calculated on regular salary plus commission plus bonus
- It is mandatory for employees to be employed by the client
- Employees will monitor contributions as per the CRA limits
- RRSP contributions are deducted on every pay regardless of payroll frequency
How we can help:
- Your time is Valuable!! Which is why we handle the administration and our national partner handles the investment.
- We recognize that you need to focus on growing and maintaining your business. We make supporting your clients’ pension plan easy for you.
- Making sure your clients’ plans are compliant with government regulations on your own can be a lot of work. We keep you up to date with legislative changes and ensure compliance for you.