A trust registered with Revenue Canada and established by an employer to provide pension benefits for employees when they retire. Both employer and employees may contribute to the plan and contribute to the plan and contributions are tax-deductible.
A RPP is a trust registered with Revenue Canada and established by a company to provide pension benefits for its employees when they retire. Both employee and employer contributions to the plan are tax deductible.
A pension plan registered for taxation purposes under the appropriate federal and/or provincial legislation.
A private pension plan, usually established by an employer on behalf of its employees, and recognized by Revenue Canada. There are two basic types of pension plans -- Defined Contribution Pension Plans and Defined Benefit Pension Plans (also referred to as a money purchase plan).
An employment pension plan accepted for registration for tax purposes under the Income Tax Act and for registration under applicable provincial pension legislation.
In Canada, a pension plan that meets the Canadian Minister''s National Revenue requirements.
For a pension plan to have tax exempt status, it must be registered under the Income Tax Act and under either the federal Pension Benefits Standards Act or under a provincial Pension Benefits Act. Contributions are tax deductible by an employee and employer within the federal taxation limits.
A pension plan accepted by Canada Customs and Revenue Agency for registration under the Income Tax Act.
A plan sponsored by an employer and subject to specific government regulations, to which contributions by employers and employees are tax deductible within certain limits. Employees are not subject to tax on income or gains within such plans until the funds are withdrawn.