Successful CAPs involve innovation

To unlock a workplace retirement program’s full potential, employers need to adopt greater innovation

Successful CAPs involve innovation

Workplace capital accumulation plans (CAPs) have become increasingly prevalent in providing retirement security for Canadian employees. Employers can customize a retirement savings program for their workforce, choosing to implement one or a combination of CAPs that might include a defined contribution (DC) pension plan, group registered retirement savings plan (RRSP), deferred profit-sharing plan (DPSP), tax-free savings account (TFSA) or non-registered savings arrangements.

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