To be competitive in today’s Employment Market, and attract the best talent, you need to:

• Be a GREAT place to work!
• Pay really well
• Have Competitive Benefits
• Offer a Retirement Plan

The first two items are up to you, the last two I can help you with.

Setting up a Retirement Plan isn’t difficult. I work with:

• Common Wealth Retirement
• Manulife
• Canada Life

The simplest and most-common Retirement Plan to set up is a “Matching RRSP Plan”.

To set up a Plan, we determine:

• who will be participating,
• what the matching contribution amount will be,
• when the Plan will start

Where does the Employer’s contribution come from? It comes from the business. The amount that you contribute to an employee’s RRSP is tax deductible for your business, and becomes a taxable benefit for your employee.

What if an employee doesn’t stay with the company? Are you stuck paying extra money for an employee who doesn’t hang around? No, you can structure your Matching RRSP so that the Employer’s contribution Vests for 2 years before it is available for your Employee to access. If an employee leaves the company before the vesting period expires, the money is returned to the employer.