CIFPs: Tax & Budget 2012 Update

EPSP Features
Non-arm’s length employees can participate
Unlimited contributions by employer and employee
No income tax withholding at the time of contributions to
an EPSP (deferral of tax until April 30 of following year,
no installments)
No CPP or EI premiums
Income-splitting can be achieved
No vesting period
No restrictions on qualifying investments
No registration with CRA or other agencies