Pension plans are a means for an employer (business member) to provide their most valuable resource – their employees – with a way to save for retirement.
Designed to help your business member:
Expand your incentives program to reward and retain highly valued employees.
Provide peace of mind for their employees knowing that the funds held within the plan are in the hands of a professional trustee.
The two plans are distinguished as follows:
Employee (Group) Plans - Employees make contributions to the plan through payroll deductions. Employee contributions, within the 18% annual maximum, are tax deductible.
Company Plans – As employer, your business member makes contributions, usually matched by the employee into the pension plan. Employee contributions, within the 18% annual maximum, are tax deductible.
Skilled professionals to continuously monitor, interpret, and ensure compliance with the Income Tax Act and Canada Revenue Agency (CRA) administrative policies.
Safe custody of the funds and assets contributed to a pension plan by the employer and/or employees.
Acts in conjunction with the investment manager, actuary and the employer.
Statements provide the business member with complete information on the assets held in the account (on the statement date) and a detailed history of the transactions during the period.
Easy access for your business member’s staff to obtain ongoing support and assistance via phone, fax or email.
Your business member:
Retains Concentra to receive and hold contributions.
Makes contributions in accordance with the terms of the Agreement and the Income Tax Act.
Confidentiality & Privacy
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