Group Registered Retirement Savings Plans

A Group Registered Retirement Savings Plan (RRSP) provides a convenient and easy way for your business to help its employees save for retirement.

By implementing a simple payroll deduction at the source, employees can make monthly contributions to their RRSP accounts. As a business owner, you have the flexibility to decide whether to match a portion of the employees' contributions, which serves as an incentive for them to save.

Implementing a Group RRSP not only allows you to stand out from other employers but also ensures that your employees have the necessary tools to save effectively for their retirement. By offering this benefit, you can attract and retain top talent, as financially prepared employees are more likely to be productive at work, according to the Manulife Health and Wellness Study 2014.

If you would like more information on how Red Seal Financial Ltd. can assist your business in improving employee engagement and productivity through the implementation of a Group RRSP, our advisors can help.

Are you interested in learning more about how to establish a Group RRSP program within your business? Reach out to us, and we would be delighted to provide you with further education and guidance.