A deferred profit sharing plan is a trusted arrangement under which an employer may share profits from their business with some or all of a designated group of employees to provide benefits at retirement. Tax deductions are provided to the employer for the employer contributions (employee contributions are not permitted) and investment earnings under the plan are tax-sheltered until the benefits are received by the employee.

You are eligible to join on January 1 following the completion of 2 years of continuous employment with the Company.

The Company will make contributions to the DPSP from its profits. Contributions will equal 7% of your earnings. Contributions to the DPSP are subject to the maximum contribution limits under the Income Tax Act (Canada).

To enroll, you log onto www.sunlife.ca.

To learn more, click here.