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GROUP RRSPs OVERVIEW
- a Group RRSP is a collection of individual RRSPs administered
for the employees of a company
- each participant contributes and decides on the investment
options for their own customized RRSP
- contributions are made by payroll deduction, on a pre-tax
basis, into individual accounts through a Group RRSP plan administrator
- Employee Group RRSP contributions do not affect CPP and EI
amounts as these amounts are calculated on gross earnings
This material is for information purposes only and should
not be construed as legal or tax advice. Every effort has been
made to ensure its accuracy, but errors and omissions are possible.
Individual circumstances may vary and specific legal and tax advice
is recommended. Future tax changes and market conditions may affect
this information.
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