Text Box: Increased CompCorp Coverage for Guarenteed Deposits

Following the lead of the Canada Deposit Insurance Corporation (CDIC), the Canadian Life and Health Insurance Compensation Corporation (CompCorp) has increased the coverage for guaranteed deposits (GICs, Compound Interest Accumulators, Daily Interest Accounts at participating insurance companies) from $60,000 to $100,000. For more information regarding this change, please visit www.compcorp.ca or contact their Consumer Assistance Centre, toll-free, at 1-800-268-8099.
Text Box: January 2006

Proteus Performance Management

Pension Update

Text Box: An electronic version of this publication is available in the ‘Articles and Information’ section of our website www.proteusperformance.com

*       This is the maximum pension benefit allowable per year of service

**    The contribution limit will be indexed to average wage growth

Updated Schedule of Retirement Plan Contribution Limits

 

Registered Retirement Savings Plan (RRSP)

Money Purchase (DC) Registered Pension Plan

Defined Benefit (DB) Registered Pension Plan*

Deferred Profit Sharing Plan (DPSP)

2006

$18,000

$19,000

$2,111

$9,500

2007

$19,000

$20,000

$2,222

$10,000

2008

$20,000

$21,000

$2,333

$10,500

2009

$21,000

$22,000

$2,444

$11,000

2010

$22,000

Indexed **

Indexed **

Indexed **

2011

Indexed **

Indexed **

Indexed **

Indexed **