Retirement

    In addition to taking care of your personal health, you also need to take care of your financial health. If you’re not saving for retirement, the time to start is now! Whether your retirement is just around the corner or years away, the Registered Retirement Savings Plan (RRSP), the Tax-Free Savings Account (TFSA), and the Deferred Profit Sharing Plan (DPSP) can help you meet your retirement goals.

    Eligibility

    All full-time, non-union employees of United Rentals Canada (along with all non-union employees in Quebec) are eligible to participate in these plans. If you are a salaried employee, you may participate as of your date of hire. Hourly employees may participate as of the first of the month following 30 days of service.

    Enrollment

    Enrollment for these plans can be completed online once you have established your account in the Sun Life system.

    Please review the Savings Plan Guide.

      Elections

      You can make the following types of elections:

      RRSP is where you can select to have 1%–50% of your UR eligible earnings taken pretax per check. Option to treat as a Spousal RRSP if elected (paper enrolment form for Spousal is required). You are responsible for ensuring you don’t exceed your allowable RRSP contribution for any given tax year (UR doesn’t apply any annual payroll limit).

      DPSP is where eligible Employer Matching contributions are made — the formula used for this is 100% on the first 4% you contribute each payroll period to the RRSP. Salaried employees are limited to a maximum of $4,000 annually in Employer Match. Vesting of these contributions is 100% after two years of service.

      TFSA can select to have any flat dollar ($) amount taken per check on a post-tax basis up to CRA limits. Contributions to TFSA are not eligible for employer match.