Group RRSPs for employees are an added benefit offered by many employers. Most workers, especially younger employees who are starting families, place increasing value on group RRSP plans. These plans give your employees the opportunity to contribute to their tax-deferred retirement savings plan through convenient payroll deduction. They benefit over the long term by amassing savings, and over the short term by having less tax withheld on each cheque.
Having a plan where your company contributes to each employee’s RRSP can be a major perk, increasing employee loyalty and workplace morale.
Cambrian can help you set up your Group RRSP program today. Talk to your Commercial Account Manager for more information.