When your employees contribute to a registered retirement savings plan (RRSP), they don’t have to pay income tax on their contributions. If you decide to match contributions, you may claim the matching amount as a business expense. You must remit payroll deductions, such ...
The article reports on the need for business enterprises with group registered retirement savings plans (RRSP) to remind employees to make regular contributions in order to benefit from the scheme, according to data from Sun Life Financial. The data reveal that of the nearly 500,000 Sun Life ...
A major decision at retirement is how to invest the money. You have a choice of transferring the funds to alocked-in RRSP, or if you need income right away,a LIF or annuity. Your retirement income will depend on the option(s) chosen. Understand what your pension will provide. Us...