Deferred Profit Sharing Plan

Deferred Profit Sharing Plan (DPSP)
A portion of company profits allocated by an employer to an employee's trust. Contributions on behalf of each employee are expressed as a percentage of salary.

Deferred Profit Sharing Plan (DPSP): A plan which enables a company to share profits on a tax assisted basis with non-shareholder employees.

Deferred Profit Sharing Plan: Allows an employer to set aside a portion of company profits for the benefit of employees. A corporation makes a contribution to the plan on behalf of an employee.

Deferred Profit Sharing Plan. A registered plan for retirement savings purposes. Employers are the only ones that make contributions to this type of plan. Contributions made to the plan are based on the profits earned by the business.

Deferred profit sharing plan (DPSP)
A deferred profit sharing plan (DPSP) is one of three tax-assisted retirement savings plans that allow an individual to accumulate amounts on a tax-deferred basis in order to build a retirement fund.

Deferred Profit Sharing Plan (DPSP)
A trust arrangement whereby an employer distributes a certain percentage of company profits to his/her employees. It must be an arms length transaction, and employees are not eligible to make a contribution.

Deferred Profit Sharing Plan (DPSP)Expand/Collapse
In a DPSP an employer makes cash contributions for an employee's retirement plans out of business profits. The contributions and earnings accumulate tax-free until withdrawn.

Deferred Profit Sharing Plan - DPSP
An employer-sponsored Canadian profit sharing plan that is registered with the Canadian Revenue Agency.

The founding family Martha Billes and son Owen Billes own 61.4% of the voting. The Dealer's holding company owns 20.5%, The deferred profit sharing plan owns 12.2%. That accounts for 94.1%.

See also: Profit sharing, Saving, Deferral, Cash out, Values