Page 105 - A Canuck's Guide to Financial Literacy 2020
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Termination/Death of Employee
If the employee participating in the DPSP is terminated from employment, becomes
deceased or turns age 71, the vested amounts must be paid to them or their estate, no later
than 90 days.
Upon death of the employee, funds accumulated in the DPSP can be transferred into an
RPP, RRSP or RRIF if the beneficiary is the spouse or common law partner.
