All fees charged for the PPP® are entirely tax-deductible. These fees cover the following services:
Implementation of the plan and monitoring of your case file by a qualified advisor
Preparation and drafting of the plan text
Registration of the plan with the Canada Revenue Agency and relevant provincial authorities, where applicable
Any requisite changes to the plan in the event of changes in legislation
Initial actuarial valuation for the plan and subsequent actuarial valuations (generally every three years) to determine the amount of contributions and ensure the plan is adequately funded
Any requisite valuation in the event of a past service buyback
Annual information returns
All required annual regulatory filings
Plan member’s annual statement
Valuation of termination of employment, death and pension benefits
Data retention for plan administration
Annual pension adjustment (PA) calculation
Daily report on your investment fund returns
Transmission of our various publications: Monthly Update, Quarterly Update and annual report on investment funds