As a courtesy, this course is offered at one price for everyone.

Event Details

Employer-sponsored savings plans such as Registered Pension Plans (RPP) and Registered Retirement Savings Plans (RRSP) provide employees with an automatic way to save for retirement while benefiting from tax breaks. Employees who participate in these programs essentially receive free money as their employers offer matching contributions.

It is crucial to both employers and employees that this is administered accurately. To maintain the tax-deferred savings status of an employer-sponsored plan, it is essential that both federal and provincial legislation be followed. If not followed, it could result in under or over contributions.

Payroll professionals play an important role in the administration of employer-sponsored plans. Our expert instructors will show you how to administer employee contributions through payroll deductions, monitor contribution limits, correct errors, exceptions, year-end reporting, and much more. The benefits of these savings plans go beyond just administration, as payroll's efforts play an important role in the current and future financial well-being of all employees.

Learning Objectives

• Describe plan types and features
• Manage contributions and payroll withholding
• Correct contribution errors
• Determine the impact of leaves of absence on plan contributions
• Coordinate year-end reporting

Schedule

Two-day course
1:00 p.m. - 5:00 p.m. EDT
Canadian Pensions and Retirement Plans
Wednesday, 2 October 2024 - Part 1
Thursday, 3 October 2024 - Part 2
Registration cutoff: 24 September 2024

Credit Information

Earn up to 7.5 Recertification Credit Hours (RCHs) or 0.75 Continuing Education Units (CEU) when attending this course. Not Eligible for CPE credit.

System Requirements

Important!! Audio for this online session is streamed directly through your computer or electronic device. Participants will not be provided with a dial-in number.

Please test check your system BEFORE you register. Make sure you are connected via your local desktop (not through your company's server) to perform this test and view the future presentation. Click here to test your system and for troubleshooting tips.