Pension Plans in Canada

Pension funds contribution of registered pension plan, type

Pension funds contribution refers to the amount that is needed to be paid into the pension fund. This contribution is paid by the employees (if the plan is contributory) and the employer.

Registered pension plans refers to employer-sponsored plans registered with Canada Customs and Revenue Agency and most commonly also with one of the pension regulatory authorities. The purpose of such plans is to provide employees with a regular income at retirement.

The data for this variable are reported using the following classifications and/or lists:

• Type of contributions to registered pension plan