Not sure which retirement savings plan to choose? To learn more about the features and advantages of all the different retirement savings plans we've got to offer, refer to the appropriate columns in the table below.
Which retirement savings plan is right for you?
| Find out more | Find out
more | Find out more | Find out more | Find out more | Find out more | Find out more |
| Registration and jurisdiction | Provincial, federal and CRA | Provincial and CRA | CRA | Specimen plan registered by issuer | Specimen plan registered by issuer | Provincial, federal
and CRA | Specimen plan registered by issuer |
| Fees payable to regulatory authorities | Yes | Yes
Paid by DFS | No | No | No | Yes | No |
| Employer contributions = increase in income | No | No | No | Yes
(taxable benefits) | Yes
(taxable benefits) | No | No |
| Eligible employees | All | All | All, except for connected persons | All | Canadians aged 18 or older | Designated employees | All |
| Minimum employer contribution required | Yes | Yes (supplemental contributions possible) | No | No | No | Yes, based on actuarial valuation | No |
| Employee contributions | Allowed | Allowed | Not allowed | Allowed | Allowed | No | No |
| Spousal contributions | No | No | No | Yes | Yes | No | No |
| Vesting | Based on the legislation | Immediate | After 2 years of participation, at the latest | N/A | N/A | Immediate | N/A |
| Locking-in | Yes | Employee contribution: up to the employer Employer contribution: Yes | No | No | No | Varies by province | Yes |
| Administration | Pension committee or employer | SPP issuer | Trustees | N/A | N/A | Employer | N/A |
| Annual meeting | Required in Quebec only | Not required | Not required | Not required | Not required | Not required | Not required |
| Investment | Individual instructions or common policy | Individual instructions | Individual instructions or common policy | Individual instructions | Individual instructions | Investment policy | Individual instructions |
| Investment policy | Quebec: required unless individual instructions Other provinces: required | Not required | Not required | Not required | Not required | Required | Not required |
| DCPP | SPP | DPSP | Group RRSP | Group TFSA | IPP | LIRA |
This text is for information purposes only. Refer to your policy for all conditions, exclusions and restrictions.