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Deferred Profit-Sharing Plan

An arrangement where the employer pays into a trust for employees. Contributions are based on organization profits.

Profit sharing plans motivate employees to contribute to the success of their company.

Advantages for your organization

• Employer contributions are not considered as salary income and do not count toward CSST, Employment Insurance or the Régie de l'assurance maladie du Québec (RAMQ).
• Contributions and administration fees are tax deductible for the employer.
• You determine the rules and procedures for the DPSP.
• You increase your employees' income by paying them out of your profits (distributed or not distributed).

Advantages for your employees

• No tax is paid on the contribution-generated income as long as the money stays in the plan.
• Employees amass a considerable sum of money without having to make contributions.

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