Deferred Profit Sharing Plan - DPSP

Deferred Profit Sharing Plan - DPSP
An employer-sponsored Canadian profit sharing plan that is registered with the Canadian Revenue Agency. On a periodic basis, the employer shares the profits made from the business with all employees or a designated group of employees. Employees receiving a share of the profits paid out by the employer do not have to pay federal taxes on the money received from the DPSP until it is withdrawn.

An employer that chooses to participate in a DPSP with some or all of its employees is referred to as the sponsor of the plan. Employees who are granted a share of the profits are the trustees of the plan. DPSPs are a type of pension.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Profit-Sharing Plan — A plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company s earnings. Also known as deferred profit sharing plan or DPSP . This is a great way to give employees a… …   Investment dictionary

  • DPSP — Deferred Profit Sharing Plan. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”