Group registered retirement savings plan (RRSP) module
Group Registered Retirement Savings Plan (RRSP)
Employee loyalty is valuable in today’s labour market. By setting up a group RRSP, you are offering them an excellent advantage and enhancing your reputation as a quality employer. This plan is intended for employers who wish to contribute or not.
- Simple to promote to employees as it is a recognized savings tool that is easily understood by all
- Implementation and administration is much easier than a voluntary RSP. It is a flexible and convenient saving tool to manage for both the employer and employees
- There are no fees for the company
- It offers the ability to customize each plan to meet his or her objectives, age and risk tolerance
- It reduces investment management costs for employees versus individual RRSPs
- It reduces taxation at source through contributions made from payroll
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