If your company hires talent from other provinces or countries, consider the tax-effective RBC Royal Bank Mortgage Relocation Program, which allows you to offer prospective and existing employees an additional financial incentive to relocate.
RBC Royal Bank can offer your business several options, with the flexibility to customize the program to meet your company's unique needs.
Our specialized team will work with you to ensure a quick and easy setup and we'll build a customized program to meet your company's specific objectives. We provide five ways to offer subsidies to your employees and we'll help you select one or more options to customize your plan.
Attract new and retain key employees with a strategic, cost-savings program customized to help meet your specific corporate objectives.
Offer a customized and simple program that your competitors may not.
Your company doesn’t have to provide mortgage financing, as we manage the mortgage transaction directly with the employee.
Reduce your administrative processes with simplified, system-generated reporting. We also encourage you to speak to your tax advisor about how some or all of the subsidy may be tax-free to employees.
Enhance your corporate image and increase employee engagement across your organization.
Specialized bilingual team to manage your employees’ entire mortgage transaction, including access through a dedicated hotline or via email.
A Capital Accumulation Plan (CAP) is a tax assisted investment or savings plan that permits the members of the CAP to make investment decisions in accordance with options offered within the plan. A Group Savings plan is considered a CAP. The Joint Forum of Financial Market Regulators issued the CAP guidelines to clearly outline the responsibilities of parties involved in a CAP and to ensure that members participating in a CAP were receiving the information and assistance they needed to make investment decisions.
RBC Royal Bank will work with you to ensure that your plan complies with the CAP guidelines.See complete CAP Guidelines