RPP

RPP (Registered Pension Plan) is a retirement type benefit that many companies offer to it’s employees. The employee or employer and employee contribute to the plan until the employee quits or retires. This often encourages employees to stay with the company. Benefits of RPPs are; tax deductions, small investment earnings, and their employer pays out a pre-arranged formula or percentage of RPP earnings or total earned salary. RPP contributions are not taxed until the employee quits or retires

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