After you have completed 2 months of service, PetSmart matches a portion of the contribution you make to the DPSP. This means tax savings, since you don’t pay taxes on the contributions you make or on the “free money” from PetSmart (PetSmart’s matching contributions).
- The match is done each pay period.
- Your vesting, or “ownership,” of the money PetSmart contributes is based on your years of service. After two years of continuous employment, you are entitled to the accumulated value of PetSmart’s contributions.
- If you don’t make an investment election, you will be defaulted into Fidelity Clear Path Fund (“FCPF”) and we will contact you to make an election.
How to enrol
To enrol, follow the steps in the Enrolment Express Guide. If you have any questions or concerns, contact Canada Life’s Access Line, Monday to Friday between 8 a.m. and 8 p.m. ET at 1-800-724-3402.
Frequently Asked Questions
All associates can join after 2 months of employment.
You do not contribute to this plan however the contributions to this plan are included in your CRA Limits.
Click here for a step by step guide. If you require assistance, please contact Canada Life at 1-800-724-3402.
No, DPSPs are only available to associates.