Group RRSP

With life expectancy getting longer and retirement taken earlier and earlier, the need for good planning is now emerging as a key concern. As an employer, you can help your employees achieve their retirement objectives. How? Simply by implementing a Laurentian Bank group RRSP.

Tremendous advantages for your employees

With a company group RRSP, your employees benefit from a number of advantages where retirement planning is concerned. For example, they can benefit from automatic tax savings by making small contributions with each pay cheque. In addition, group RRSP payroll deductions foster good saving habits that carry two advantages: they allow employees to save effortlessly on a regular basis, and they translate into immediate tax savings. Finally, a group RRSP is a gateway to a full range of investment products that will most certainly meet all of their needs.

Total flexibility for you and your employees

The Laurentian Bank group RRSP is the ultimate flexible solution. Employees decide on the amount of their contribution (as little as $10 per pay cheque1), which can be modified at any time. On the corporate side, you have the option to contribute or not to the plan, or again to adapt contributions per group of employees, for example. If you choose to participate in the group RRSP, you may contribute at the rate you want and when you want. Why not make contributions coincide with yearly bonuses? Simply put, it’s all about total flexibility!

Easy to implement and manage

When implementing a group RRSP in a company, we handle every detail: meetings with management, presentations to employees, one-on-one meetings. You have virtually nothing to do: no cost management, no financial risk for the company, no burden of regulatory declarations. All this at no cost2! All you need to worry about is helping your employees achieve their retirement objectives!

A group RRSP is suited for your company if:

  • You wish to build employee loyalty and improve their benefit program;
  • You wish to actively support the retirement plans of your employees;
  • As an employer, you want to extend monetary support to your employees in their retirement plan efforts by contributing to a group RRSP;
  • You wish to leave the plan management up to specialists that will handle all the details.



Legal notice

1. Investment products (GICs, term deposits, ActionGICs, term notes and mutual funds) must meet minimum amount purchasing criteria, depending on the product. Monies shall be kept in a cash account until the minimum required amount is reached.
2. Employees may be required to pay management fees. However, no fees apply to portfolios above $25,000 or portfolios composed solely of guaranteed investment certificates.