Jin S. Xue Insurance & Investment

Servicing Canadians Since 1991

Workplace Pension Plans

What is a pension plan?

A pension plan is offered by an employer or association to help bridge the gap between your personal savings and what you need for your retirement. It offers more buying power because your contributions are pooled and invested with other unitholders in the segregated fund. In some cases, your employer may also match a portion of what you contribute – try to take advantage because it’s additional money to save for your retirement.

Just starting out

The earlier you start saving the better thanks to compound interest.

Empty nest

You can contribute any freed up money to help fund the retirement you want.

Peak earning years

As you start earning more increase your contributions to your retirement.

Find your plan

Registered pension plan (RPP)

An RPP is a plan your employer or association sets up to provide you with retirement income. They’re required to contribute to it, and it also has tax advantages for both the money you contribute and the money your investments earn.

Employee profit-sharing plan (EPSP)

In an EPSP, you receive a percent of your company’s profits based on a formula. You’ll be taxed on this money as though your employer paid you a higher salary.

Deferred profit-sharing plan (DPSP)

In a DPSP, your employer distributes some of their profits into an account for eligible employees. You won’t be taxed on this money until you withdraw it.

What are the advantages of a workplace pension plan?


It’s far easier for you to review and research an investment fund than choosing individual stocks and bonds on your own.


Our investment options in a pension plan offer more diversity with a wide range of holdings in securities, industries and even countries.

Start small

You don’t need a lot of money to start investing. The secret is to simply enrol and start saving.

Contribution flexibility

Many organizations offer contributions through payroll deductions or may allow for lump-sum contributions into your plan.

Choose the risk

Most workplace pension plans allow you to choose where contributions are invested, a variety of investment options gives you the flexibility to make choices that best fit your investment personality.

Typically lower costs

Investment management fees and fund operating expenses are generally lower than retail leading to lower costs allowing you to save more.