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by brampton1
30 Mar 2009 19:35
Forum: Retirement, Pensions and Peace of Mind
Topic: DPSP & EPSP Questions
Replies: 57
Views: 15465

DPSP vs EPSP - need help

My employer offers a share ownership plan where they match employee contributions. There are 2 options...

1) Employee contributions go into an ESP (employee savings plan) and employer contributions go into an EPSP (employee profit sharing plan)

2) Registered option, where employee contributions go into an RRSP and the employer contributions go into a DPSP

I'm fortunate to be able to max out my RRSP contributions each year outside of these plans, so I would prefer to use option #1, as the DPSP eats away RRSP contribution room. My question is... are there any benefits to a DPSP that I should be aware of vs. an RRSP that would make option #2 the preferred option.

Any help here would be greatly appreciated.