To unlock a workplace retirement program’s full potential, employers need to adopt greater innovation
Workplace capital accumulation plans (CAPs) have become increasingly prevalent in providing retirement security for Canadian employees. Employers can customize a retirement savings program for their workforce, choosing to implement one or a combination of CAPs that might include a defined contribution (DC) pension plan, group registered retirement savings plan (RRSP), deferred profit-sharing plan (DPSP), tax-free savings account (TFSA) or non-registered savings arrangements.
