What is changing?
The Government of Ontario is making changes to OHIP+, effective April 1, 2019
The Structured RRSP (STRP) provides a systematic method of allocating Plan Sponsor and member contributions in separate accounts under the umbrella of a single registered retirement savings plan.
For tax purposes, the Plan Sponsor's contributions are treated as though they were member contributions added to members' earnings and earmarked as additional member contributions. (Note, this may increase C/QPP, EI and WC contributions and benefits.)