• 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 DISADVANTAGES

1. Immediate vesting of all proceeds which means employees are entitled to all contributions (including any contributions made by the employer) 
   
   
2. Cash withdrawals are allowed, although they should be discouraged
   
   
3. Employer contributions are a taxable benefit to employees and attract additional source deductions (CPP, EI, Workers Compensation)
   
   
4. This type of plan provides the least amount of retirement security
   

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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