|
|
Home
| Pension Concerns | RRSPWrap |
|
Share:
|
|
|
|
|
How it
works... |
|
|
The Corporation |
|
|
The corporation contributes to an RCA on behalf of the
owner/employee. |
|
|
ò |
|
|
|
|
RCA |
|
|
Deposits are made through a
Trustee into the RCA and are divided into two parts. |
|
÷ |
|
ø |
|
|
50% of deposits are directed to the RCAIA |
|
50% of deposits are directed to the RTA |
|
|
ò |
|
ò |
|
|
RCA
Investment Account (RCAIA) |
® |
Refundable
Tax Account (RTA) |
|
Deposits are invested through
selected vehicles and income is earned. |
The RTA is held by Canada
Revenue Agency (CRA) |
|
ø |
|
÷ |
|
|
|
Supplemental Pension Benefits |
|
|
When the owner/employee retires and receives pension benefits from the
RCAIA & RTA accounts |
|
. |
|
|
|