Group registered retirement savings plan (RRSP)

Help your plan members save for retirement

Attract and retain employees, without the cost and complexity of a Registered Pension Plan (RPP). A group Registered Retirement Savings Plan (RRSP) offers tax-deferred investment growth, like an RPP, but it’s simpler to administer.

Plan details

What is a group RRSP?

A collection of individual plan member RRSPs administered together. It has no legislative requirement for plan sponsors to contribute, but you do have the option.

A group RRSP helps plan members:

  • Save more of their money for retirement —contributions are tax deductible and investment earning are tax-sheltered until withdrawal
  • Choose investments to help save for retirement no matter what their investment knowledge or interest level—from simple to customized solutions
  • Gain access to their funds to buy a first home (Home Buyers’ Plan) or for education (Lifelong Learning Plan)
  • Conveniently contribute through payroll deductions and save tax immediately
  • Build their retirement savings by matching their contributions

Choose your group retirement plan

Speak to your Manulife representative to discuss group retirement plan options to help meet your business needs.

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