Registered Pension Plan (RPP)

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

A plan set up by employer for its employees and registered with the Canada Revenue Agency. The employer contributes periodic payments on behalf of an employee to a trust for the employee’s retirement. There are two types of registered pension plans:

  • Defined contribution plans (or money purchase plans). Pension benefits are determined based on the contributions made to the plan.
  • Defined benefit plans where benefits are determined in advance according to a formula calculated by an actuary.

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.

Print This Post Print This Post

Comments on this entry are closed.

Previous post:

Next post: