Retirement savings plan

Choosing a group retirement savings plan

As an employer, you know how important it is to choose the right retirement savings plan or retirement income plan. But where do you begin? Start by identifying your needs and those of your employees, then check out the tables below to see which plan is right for you.

Retirement savings plans

To help your employees save.

* In all provinces, employer contributions to an RRSP or a TFSA can be vested immediately. In Quebec, the same applies towards DCPPs and SPPs. In the other provinces, it's up to the employer to decide how long employees will have to wait for employer contributions to a DCPP to be vested (generally 2 years or less).

Our group RRSPs can include LIRA and locked-in RRSP provisions that would apply to any employees transferring locked-in amounts from a DCPP. 

* Other considerations apply. Refer to the specific pages for each type of retirement savings plan for more information.

Retirement income plans

To convert the money in a retirement savings plan into retirement income 

Other considerations apply. Refer to the specific pages for each type of retirement income plan for more information.  

Not sure which retirement savings or retirement income plan is right for you? Check out the Retirement savings plan table and the Retirement income plan table.