Deferred Profiting Sharing Plan
The Home Depot Canada's deferred profit sharing plan (DPSP) gives you the opportunity to share in the company's success and save for your retirement at the same time.
Associates do not contribute to the DPSP; contributions to the plan are made by The Home Depot Canada directly to your retirement account.
- Full-time and part-time associates are eligible to receive a company DPSP contribution after completing 12 months of continuous service
- Eligible associates may only enroll in the DPSP between Jan. 1 and Feb. 28 of each year on the Manulife website
- Contributions are calculated from the first of the month following associates' one year anniversary, and are based on a calendar year
- For example: an associate hired on March 1, 2013 will celebrate their one year anniversary on March 1, 2014. DPSP contributions will be calculated using their eligible earnings from April 1, 2014 to Dec. 31, 2014. The contributions will be deposited to the associate's retirement account in February 2015.