Group Registered Retirement Savings Plan

A Group Registered Retirement Savings Plan  is simply a collection of individual RRSPs where members (employees) make contributions through payroll deductions. The member realizes instant tax savings because the contribution is deducted from earnings before payroll taxes are collected.

The advantages to having a Group RRSP include:

  • Employees are more willing to stay with a company that has a group plan in place
  • Payroll deductions which result in immediate tax relief for your employees
  • Employer contributions are a deductible expense the year in which they are made
  • Increased moral, work satisfaction and loyalty
Whether you are establishing your first Group RRSP or replacing a current plan that no longer meets your needs, Contact us today to see how we can offer straightforward solutions that benefit your business.