Any matching employer contributions are considered a taxable benefit and must be reported on your annual T4s. If you’re not offering any matching contributions, then you won’t have any tax reporting responsibilities.
Whom do I reach out to if I have questions or need guidance?
Employers can contact a Common Wealth specialist at employer@cwretirement.com for support.
Members can contact a Common Wealth specialist at admin@commongoodplan.ca for support.
How do employees enroll in the Common Good Plan?
Employees will receive an email with a unique link that they can then use to enroll into the plan. This link cannot be shared with anyone else and can only be used once.
If employees require additional assistance, they can contact a Common Wealth representative who can assist with any questions they may have at admin@commongoodplan.ca.