BENEFIT THROUGH THE THREE R’S OF SPP:
RECRUIT, RETAIN AND REWARD
This smart, simple and flexible pension plan could be an essential cornerstone of your compensation package – one that promotes loyalty and commitment.
Why SPP Could be Right for Your Business
- No cost to join or add employee
- No required pension plan payments — contribute on your timeline
- No business is too small or too large
- Not all employees must participate
- Contributions are tax deductible
- Employers are not responsible for employee pension plan contributions or investment advice
- No contract or obligation—you’re free to leave the plan anytime
- Low fees and solid, competitive returns
- SPP is available to help with the administration of your plan
Why SPP Could be Right for Your Employees
- No required pension plan payments—they contribute when they want
- Not all employees must participate
- Employees can contribute up to $7,200 per year*
- SPP is tax deductible
- Locked in until age 55, for retirement savings
- SPP remains with employees if they move or change jobs
- No contract or obligation to contribute
- Low fees and solid, competitive returns
*Contribution limit is subject to how much individual RRSP room is available
ONE MORE FEATURE OF SPP:
FLEXIBILITY
You can select the option that works best for your business:
- Employee only contribution: Employer facilitates retirement savings at no cost
- Flexible matching options: Split employer/employee contribution
- Full pension plan contribution: Employer contributes a full amount per employee
Find out more about the different pension plan options available and how easy they are to administer
View Business Pension Plans
Download the Business Start-Up Guide for an overview of the business pension plans and steps for getting your company and employees enrolled.
Resources
Business Start-up Guide
Join Over 400 Businesses Using SPP
GETTING STARTED IS EASY WITH OUR HELP
We can help you set up your plan quickly and easily in the secure MyBusiness portal.
Call or send us a message for more information.
1-800-667-7153