Group RRSP Plan Benefits
Registered Retirement Savings Plans (RRSP) are tax deductible to help your employees plan and save for their own retirement.
Advantages of RRSPs for employees:
- Encourages employees to save for retirement now
- Provides a tax shelter with deferred taxes paid when withdrawn at retirement
- Employees pay taxes at a lower tax bracket
- Provides funds for a home buyers plan
- Includes a lifelong learning plan with finance for training or education
- Provides possible protection from creditors in the event of personal bankruptcy
Great Wealth Insurance makes it easy to set up and manage all assets of RRSP administration including determining the maximum contributions, the timing of contributions, the assets allowed and more.
Empower your Employees to Save for a Secure and Comfortable Retirement Today!
Click here to setup an appointment with us today. Our representatives will help you choose the RRSP options that provide value to employees while supporting your organizational needs.