Now more than ever, it’s time to encourage your employees to save by setting up a group retirement savings program.
Boost your staff retention and attract new team members with a simple to administer program to help employees save for their future.
A group retirement savings plan (RRSP) is an easy way for employees to save on a regular basis. Thanks to their flexibility, group RRSPs are definitely the most popular retirement savings tool on the market. For employers, there are many benefits including contributions to the group RRSP are deductible from the company’s taxable income as salary.
In addition, a tax free savings account (TFSA) allow Canadian residents to save and earn money tax-free. They are simple to administer and are not subject to cumbersome pension plan legislation.
Learn how you can set up a simple, flexible group savings plan for your team with a complimentary, no obligation quote with our exclusive partner, iA Financial Group today. If you are a member, log in to learn more below: