Frequently Asked Questions

What does CAP stand for?
CAP stands for Capital Accumulation Plan.  CAPs are savings plans that are typically sponsored by an employer and allow members to select investments from two or more options.  Some example of CAPs include Defined Contribution Pension Plan (“DCPP”), Group Registered Retirement Savings Plans (“GRRSP”), and Deferred Profit Sharing Plans (“DPSP”)
What is the difference between a DCPP and GRRSP?
What is the cost to offering a retirement plan to our employees?
What are Investment Management Fees?
How do consultants get paid?
Do most companies offer retirement plans to their employees?
What is a Health Care Spending Account (HCSA)?
What is a Personal Spending Account (Wellness Account?)
What is Telehealth?
What is Virtual Care?


My business has been negatively impacted by COVID-19, can we suspend contributions to our registered pension plan?
On May 5, 2020, the Minister of National Revenue confirmed CRA will remove the 1% employer contribution requirement for the remainder of 2020.
Plan sponsors are required to amend their plan text to reflect the change and apply to the Registered Plan Directorate and the applicable provincial regulator for approval.
If we decide to reduce or suspend contributions to our registered pension plan, what is required?
Has there been an extension to regular contribution remittance?
Is an employer required to continue pension contributions to employee who has been temporary laid-off due to COVID-19?
An employee is on unpaid leave to care for children due to school closures. Do we have to continue contributing to the employee’s pension plan?
Is the government offering extensions on filing requirements?
Are Ontario Pension Assessment fees being waived?
Can we temporarily suspend contributions to our GRRSP?
Our GRRSP does not allow employees to withdraw from the plan? Can we change this rule temporarily?
Our GRRSP rules enforce a suspension of employer contributions if an employee makes a withdrawal from the plan. Can we temporarily waive this rule?

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