Group RRSP (Benefit Tip © 1998)

Help your staff save for retirement by introducing a group registered retirement savings plan (RRSP).

A group RRSP can show concern for your staff without affecting your budget. Your commitment is limited to distributing enrolment information and facilitating payroll deductions.

Features of a group RRSP include:

  • Immediate tax savings; it’s like getting a tax refund with each paycheque.
  • Monthly contributions result in dollar cost averaging and eliminate market-timing errors.
  • Dozens of funds managed by industry leaders for employees to choose from.
  • Lower investment management fees than their retail counterparts.
  • No transfer fees or deferred sales charges.
  • Investment literature, education and advice.
  • Employee or spousal contributions.
  • Creditor proof in most situations.

    For more information visit: www.benefits.org/retire/

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