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The above comment is just an incoherent, off topic rant. Ignore it - it's verbal diarrhea. Employer match is "free money" (there's no "gotcha" other than vesti
by astura 3y ago
The above comment is just an incoherent, off topic rant. Ignore it - it's verbal diarrhea.
Employer match is "free money" (there's no "gotcha" other than vesting schedules) and 401k is a part of the American tax code whereas this is an article about Canadian payroll.
I presume they are complaining about the fact that employers actually budget their match it as part of total compensation or whatever. So it's "really just a part of your salary." Or perhaps they are just mad they have to put the match into the 401k and can't opt to redirect that part of their salary to a non-tax advantaged account. Who knows?
- ska 3y agoThe basic 401(k)/403(b) rough equivalent in Canada is an RRSP. They also commonly have employer match sometimes. There are differences of course.