Group RRSPs

A Group RRSP is simply a collection of individual RRSP’s where employees make contributions through regular payroll deductions on a pre-tax basis. Upon completing the application form and deciding how much you want to contribute, you employer deducts that amount from your pay in pre-tax dollars as permitted by the Canada Revenue Agency and forwards it to the financial organization selected by your employer as the administrator for the group plan. Your contribution is then deposited into your own personal RRSP at the financial organization and invested as you specify.

Employer Benefits

Attract and retain key employees	Remain competitive in the marketplace
Bring value to your company and increase employee loyalty	Help your employees become prepared financially for retirement
Enhance your current benefit package

 

Employee Benefits

Regular and systematic investing	Dollar-cost-averaging for purchases
Tax sheltered growth	Contributions vest immediately
Immediately reduces taxes paid at source	Convenience of payroll deduction
Deductions as low as $50 / month	Plus, the service of an independent investment advisor

 

If you would like to set-up a group RRSP at your place of business or want more information please contact us.