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.
References in periodicals archive ?
US pharmacy healthcare provider CVS Caremark Corp (NYSE:CVS) made a formal offer worth some BRL4.5bn (USD2bn/EUR1.5bn) for Drogarias Pacheco Sao Paulo (DPSP) which was turned down by the Brazilian drugstore firm.
23 May 2014 - US pharmacy healthcare provider CVS Caremark Corp (NYSE:CVS) made a formal offer worth some BRL4.5bn (USD2bn/EUR1.5bn) for Drogarias Pacheco Sao Paulo (DPSP) which was turned down by the Brazilian drugstore firm, according to local news magazine Exame.
This would bring about substantial changes in New Brunswick law, as protected income would no longer be limited to "wages" but would also incorporate, to certain levels, other types of income, including payments out of an RRSP, RIFF or DPSP. As such, basic levels of income required to afford debtors security and the ability to provide for basic needs would be provided without undue regard to the type of income.
(72) The Constitution includes both a bill of judicially enforceable rights (73) and social and economic guarantees in the form of "Directive Principles of State Policy" (DPSP).
The Developmental Pathways Screening Program (DPSP) was conducted each fall between 2001 and 2005 with sixth-grade students attending selected public middle schools in a large urban school district.
Two federal programs that support milk prices and dairy farm income were among the farm bill programs set to expire in 2007--the dairy price support program (DPSP) and the Milk Income Loss Contract (MILC) program.
IEE DPSP Conference, April 9-12, Amsterdam, Conference Manual, pp.
No hay evidencia de que un desbalance hormonal o de neurotransmisores sea la causa de la DPSP y los cambios mencionados en el baby blues solo llevan a depresion cuando existe una vulnerabilidad genetica o alto estres psicosocial.
* an additional $1,500 per calendar year of employment up to and including 1988, when employer contributions to an RRP or DPSP did not "vest" in the employee (when the employee becomes entitled to eligible pension benefits, including the employer's contribution, his or her pension is said to be "vested").
Also an additional $1,500 for each year (or partial year) is allowed before 1989 that you were employed by the same employer and for which your employer's contributions to an RPP or DPSP had not vested.
Kept the ball moving ALBRIGHTON 7 His work on the wing and whipped crosses are always a danger OKAZAKI 6 Robbed of a goal when he was wrongly penalised for foul SLIMANI 7 Kept cool when put through by Mahrez for second goal SUBS: DRAGOVIC (Morgan 28) 6 GRAY (Mahrez 76) 5 SILVA (James 85) mirror.co.uk/sport/football RATINGS by Plplpplplp Plplplsspl TEAM NAME HERE FULL NAME HERE Booked 10 At pplp City's opener but great ball for Villa's third plplplplplp dpsp FULL NAME HERE Booked 10 At pplp City's opener but great ball for Villa's third plplplplplp dpsp FULL NAME HERE Booked 10 At pplp City's opener but great ball for Villa's third plplplplplp dpsp LOSSL 6 Denmark's No.2 to Schmeichel.
No reference is made in the General Regulation to a DPSP as a prescribed "retirement savings arrangement".