Your organization currently has a defined contribution


Question: Your organization currently has a defined contribution pension plan with employees contributing up to 3% with a company match. Effective with the first pay of the new year, new employees will no longer be enrolled in that plan. Instead, they will be enrolled in the new Group Registered Retirement Savings Plan (RRSP) with the same contribution options. In your own words, explain the difference in the T4 information slip reporting for these two groups of employees.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Your organization currently has a defined contribution
Reference No:- TGS02396339

Now Priced at $15 (50% Discount)

Recommended (97%)

Rated (4.9/5)