Deferred Profit Sharing Plan

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Deferred Profit Sharing Plan

A pension plan in which an employer distributes a set percentage of the company's profits into accounts for the employees participating in the plan. The DPSP operates like most other pensions and retirement plans, but instead of placing a set dollar amount into the accounts, it places profits. The idea behind a DPSP is to encourage employees to work for the company's profitability. Employees do not pay taxes on their DPSPs until they begin to make withdrawals after retirement. DPSPs are available in Canada and must be registered with the Canada Revenue Agency.
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Investment firm Patria Investimentos is advising CVS, while Morgan Stanley (NYSE:MS) is advising DPSP, Exame said in its report.
88) Similarly, the Uniform Act moves to exempt all rights, property and interest in RRSPs, DPSPs and RRIFs from seizure and further exempts a portion of payments out of such plans.
There are simply insufficient reasons to justify not creating an exemption for RRSPs, RIFFs and DPSPs, as concluded by the Alberta Law Reform Institute:
DPSP was subsequently introduced to students in the classroom setting, and additional permission forms were distributed to students as needed.
As outsiders implementing the program within the school setting, staff invested significant time and materials in producing educational brochures and fliers to introduce DPSP to principals and teachers before they asked them to host DPSP.
3, 5) Para la madre este puede ser el primer episodio de un trastorno depresivo recurrente y para el nino, el poseer una madre depresiva puede contribuir a desarrollar problemas cognitivos, comportamentales, interpersonales y emocionales durante su vida; (6) ademas, se ha probado que los hijos de madres con DPSP son menos activos pero mas irritables y desatentos durante su infancia temprana.
Unitholders, who held their PET Units outside of an RRSP, RRIF, RESP or DPSP, through a broker or other intermediary and received cash distributions during the period, will receive "T3 Supplementary" slips directly from their broker or intermediary, not from the transfer agent or PET.
The addition of the DPSP plan makes Sun Life Financial the sole provider of group retirement services to all of Magna's Canadian employees.
No amounts are required to be reported on the 2004 T1 Income Tax Return where the Paramount Energy Trust Units are held within an RRSP, RRIF, RESP or DPSP.
The recently-added DPSP option combines with FutureStep s Group RRSP to offer best-of-class investments, education and online services in a cost-effective retirement savings plan typically only available to large employers.