Group registered retirement savings plan (RRSP)

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.

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.

• 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

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