It’s an easy way for your small business to offer retirement and savings options to your employees. Choose between a registered retirement savings plan, a deferred profit-sharing plan, or both, with an optional tax-free savings account on top.

You control what’s offered, and we’ll help take care of the rest.

Our experts can help you figure out an approach that works for your business.

There’s a lot to think about when you run a small business. Performers plans make the responsibilities of offering a group retirement and savings plan as simple as possible.

We help handle legal and privacy concerns, working with you to make sure your plan is compliant. Once your plan is set up, our secure online tools give you and your employees easy access to the information you need.

You can choose a registered retirement savings plan (RRSP), a deferred profit sharing plan (DPSP), or both.

Whichever plan you choose, you can always add on a tax-free savings account (TFSA) as another flexible savings option.

Difference between these plans	Registered retirement savings plan (RRSP)	Deferred profit sharing plan (DPSP)
What does it do?	Encourages employees to save for retirement	Shares company profits with employees
Who is it for?	For-profit or non-profit companies, union groups or associations	For-profit companies only
How can it help?	You retain flexible control of the plan's rules We take care of the tax receipts Helps employees secure their future	Your contributions are tax-deductible Encourages productivity by tying contributions to company profits The money you contribute isn't taxed as salary, which means net savings
Who contributes?	Employers and employees can both contribute	Only the employer contributes
Which employees are eligible?	Any	Major stakeholders aren't eligible
What do you need to do?	Facilitate payroll deductions and your contributions Authorize employees to participate	Calculate payment for each member Authorize employees to participate
How do fees work?	For employers: work with an advisor to find a plan within your budget, without admin or upkeep fees For employees: pay lower investment manager fees than they would on their own	For employers: work with an advisor to find a plan within your budget, without admin or upkeep fees For employees: pay lower investment manager fees than they would on their own

You can receive a discount on Performers plans if you bundle with one of our other benefits plans for small businesses.

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