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.

Advantages

• 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