CALU recently made a submission to The Department of Finance on the Employee Profit Sharing Plan (EPSP) Consultation Paper, noting CALU’s views on a a number of questions posed in the Paper, including:
- Eligibility to participate in an EPSP.
- Role of Minor Children.
- Limitation on Contributions.
- Withholding Requirements.
The CALU submission also suggested that as part of its review, Finance should also consider the question of how the EPSPs can be modified to ensure these plans continue to play a useful role in rewarding and incenting employees.
We would like to express our gratitude to the Working Group consisting of Lea Koiv, Florence Marino, Kim Moody and Jillian Welch in the development of our submission.