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. 

What is a group RRSP?

It is 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 and savings plan

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


Learn about employee wellness and engagement at the workplace

Health and Financial Wellness Approach | Manulife

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11 considerations for choosing a group plan

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Holistic retirement readiness involves health and financial wellness

A wellness approach that embraces financial wellness alongside physical and mental well-being, can help contribute to a happier and healthier workplace.

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How to help prepare your employees for retirement

Four key ingredients group plans can offer to help employees feel more confident as they near retirement.

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Have a question?

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