To support you in preparing for retirement, take advantage of the Thermo Fisher Scientific Canada Savings Plan. Plan highlights include an employer match, choice of ways to save and more. You will receive more information directly from Sun Life on how to enrol if you are not already participating in the Plan.
Participation in the Thermo Fisher Scientific Canada Savings Plan (the Plan) is completely voluntary and you’re eligible to join at any time.
Please note: Fixed-term benefits eligible colleagues are not eligible for the Canada Savings Plan.
How it works
- You elect to contribute to the RRSP, TFSA or NREG
- The company matches 100% of your contributions (up to 5%)*
- Company matching funds are deposited into the DPSP
| RRSP
Registered Retirement |
TFSA
Tax-Free Savings |
NREG
Non-Registered |
DPSP
Deferred Profit |
|
|---|---|---|---|---|
Contributions |
Employee matched: 0% – 5% Employee voluntary permitted up to CRA limit Lump sum and transfers in permitted |
Employee voluntary permitted up to CRA limit Lump sum and transfers in permitted |
Employee voluntary permitted and Lump sum permitted |
Employer matched: 100% of your combined RRSP* |
In-service withdrawls |
Permitted matched contributions will result in 6 month suspension of Employer contributions to DPSP $25 fee per withdrawal |
Permitted matched contributions will result in 6 month suspension of Employer contributions to DPSP $25 fee per withdrawal |
Permitted matched contributions will result in 6 month suspension of Employer contributions to DPSP $25 fee per withdrawal |
Not permitted |
Vesting |
N/A |
N/A |
N/A |
2 years of membership |
Contribution limit responsibility |
You |
You |
N/A |
Thermo Fisher |
Eligibility
Canadian colleagues are eligible to join the Savings Plan at any time:
- If working a minimum of 20 hours per week
- Excluding those on fixed term contracts
How to enrol
You will receive an email from Sun Life with a link to the MAX Enrol tool or you can log in to mysunlife.ca and complete your enrolment or make changes to your Plan.
- Select My financial centre
- Select Requests
- Select Enrol
- Walk through the enrolment flow steps and choose:
- Products for which you’d like to save*
- How much you want to save each pay period
- How you want to invest your contributions
- Who should receive your savings if you pass away
* Remember to enrol in each product (RRSP/TFSA/NREG) for which you wish to contribute.
- Select Submit – Your enrolment is not complete or saved if you exit before you select Submit
