• Main Features of Group RRSPs
• Group RRSP Advantages
• Group RRSP Disadvantages
• Group RRSP Employer Benefits
• Group RRSP Employee Benefits
• Why Should an Employer Consider Implementing a Group RRSP Program?
  

GROUP RRSP ADVANTAGES

1. Plans are outside of provincial pension legislation, allowing employers more flexibility to write their own rules with regard to employee eligibility and contribution levels
   
   
2. Provide choice as to how retirement proceeds are to be received
   
   
3. Funds are not locked-in at retirement
   
   
4. Employer contributions do not have to be remitted on a monthly basis
   
   
5. Minimal government reporting required
   
   
6. Income splitting can be made available through spousal contributions
   
   

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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