Get a clear view of your retirement
Updated: Apr 9
Who is Open Access?
Of course everyone will retire, but retiring ‘well’ is a much different story. That’s why we believe that all working Canadians, not just the privileged, deserve complete and open access to a retirement that only comes with independent, discretionary money management. Simply put, we make the investment decisions for you, for each and every one of our plan members, at a similar high level offered by the Canada Pension Plan, practiced by large Defined Benefit plans and enjoyed by high-net-worth investors.
Turnkey, Customized Solution
Low Cost & Pooling of Assets
Defined Contribution Pension Plan (DCPP)
A Defined Contribution Pension Plan (DCPP) is a plan registered with Canada Revenue Agency (CRA). Funds are set aside by an employer, or by an employer and employees, to provide an income to employees when they retire. Your contributions through regular payroll deduction immediately reduce your taxes. This is because they are deducted from your pay first, with taxes applied only on the remaining amount. Also, your contributions to a DCPP are tax deductible. Any interest and dividends you receive, plus the growth in value of your investments, are sheltered from tax while they remain in the plan.
Deferred Profit Sharing Plan (DPSP)
A deferred profit sharing plan (DPSP) is an employer sponsored plan registered with Canada Revenue Agency (CRA) where the employer shares the profits of a business with the employees. Employees do not make contributions to the plan. Any interest and dividends you receive, plus the growth in value of your investments, are sheltered from tax while they remain in the plan.
Group Retirement Savings Plan (GRSP)
A Group Retirement Savings Plan is a retirement plan offered by sponsors to their employees. It is similar to a regular RRSP (Registered Retirement Savings Plan), where RRSP’s provide income at retirement, based on accumulated contributions and returns on investments in the plan. The combined total of both contributions cannot exceed your personal limit. Contributions to an RRSP are tax-deductible and you will be issued a Contribution Receipt for all RRSP contributions. Any interest and dividends you receive, plus the growth in the value of your investments, are sheltered from tax while they remain in the plan.
Open Access is 100% conflict-free. That means no kickbacks or trailer fees, and unbiased allocation decisions that are solely based on delivering the best performane for our plan members. With no proprietary product, our investment team is free to seek out and asses the universe of index and mutual funds. We act in your best interest, because it is the only interest we have.
Today, Open Access is one of Canada’s leading Discretionary Investment Manager in the Group Retirement and Capital Accumulation Plan space – investing on behalf of your employees so they no longer have to. As a discretionary manager, we take the burden of making investment decisions off your employees. Our nine CAP portfolios are based on the risk and personal circumstances of each and every employee. Instead of focusing on how to best invest, they can focus on how best to save.
We believe transparency means more than just fee disclosure. It means not only showing our fees, it’s about disclosing every fund manager and every transaction we make. Transparency to us isn’t just about pulling back the curtain, it’s about making sure the curtain was transparent in the first place. Simply put, it’s the most effective structure to ensure your best interests, as well as giving you a process you can trust.