Deferred Profit Sharing Plans (DPSP)

by Tax Guy - Burlington Accountant on February 1, 2010 Print This Post Print This Post

A retirement savings plans that allows an individual to accumulate amounts on a tax-deferred basis in order to build a retirement fund. It is a deferred income plan to that only the employer may contribute to and contributions are generally based on the profitability of the corporation as opposed to a fixed rate per employee.

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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