Group Retirement

Group Registered Retirement Savings Plan (RRSP) is an employer-sponsored plan that enables employees to save more of their money for retirement. Contributions are made by payroll deduction, on a pre-tax basis, and investment earnings are tax-sheltered until withdrawal. Our RRSP plans provide investment solutions ranging from simple to customized, giving members the flexibility to choose investments regardless of their knowledge or interest level. Members can also use their funds to buy a first home or for education.

Group Deferred Profit Sharing Plans (DPSP) enables employers to share a portion of their earnings with some or all employees, which complements the Group RRSP. This plan is tax-deferred for members, and vesting rules are allowed. Employers have the flexibility to contribute or not contribute to the DPSP, depending on whether profits are recorded in a year.

Non-Registered Savings Plans (NRSP) offer a convenient way to save above and beyond your typical group RRSP or RPP. NRSP is taxable, meaning you pay tax on investments every year, and is set up for individuals exceeding the RPP and/or RRSP limit for the year. Our NRSP provides company matching contributions, typically lower investment management fees, flexible plan design and investment opportunities for amounts unrestricted by government regulations and contribution limits. Investment growth in an NRSP is subject to annual taxation, but no locking-in rules apply at termination and retirement.

Registered Pension Plans – Defined Contribution (DC) and Defined Benefit (DB) offer tax-deductible contributions, tax-deferred accumulation of contributions and investment earnings until withdrawal and retirement income based on contributions and investment earnings. Assets are generally locked-in, meaning they must be used to provide retirement income.

Tax-Free Savings Account (TFSA) is an additional way to save for short-term or long-term goals or needs. The Group TFSA plan offers the convenience of payroll deductions, typically lower investment management fees, after-tax contributions that grow tax-free, and tax-free withdrawals. The TFSA can be used for retirement savings, retirement income or for such things as a vacation or a new car. Multiple TFSAs are allowed as long as the combined annual contributions for all accounts don’t exceed the maximum annual TFSA contribution amount.

Executive Compensation Programs such as Retirement Compensation Agreements, designed to attract and retain top executives with a package that aligns with business goals and objectives. We can also help design compensation programs for senior executives, providing an incentive for them to stay with your company, and assisting with the transition of their retirement.