- An excellent retention tool to add to any plan
- Contributions can be made from the employer, employee, or both.
- Easily move contributions to the group plan and use RRSP contribution room
- No set-up or annual fees
- Far more efficient than giving taxable bonuses to employees
- No withdrawal fees
- Building a group RRSP lowers the overall cost of the plan which means higher returns for everyone.
- Individual or portfolio funds available
- Creditor protection
- Incredibly flexible
- Once an employee reaches a set amount or wishes to contribute additional funds, they can join a pension-style plan
- Contributions are made by the employee, employer, or both
- Locks in at retirement and provides a minimum payment for the remainder of the employee’s life
- Never lower than the RRIF minimum
- Ability to increase the pension even in retirement (with resets)
- Your company is not responsible for the health or ongoing surplus/deficit of the plan
