A Group RRSP is a collection of individual RRSPs offered to employees by their sponsoring employer. Contributions are taken from the employee's pre-tax pay through payroll deductions, reducing their tax burden immediately. Contributions are then deposited into their RRSP as specified.
By contributing a small percentage of your income on a regular basis, you will build a nest egg that will help provide the security and retirement income you'll need to achieve financial independence after retirement.
- Visit RBC Investments for more information on how your company can benefit from a Group RRSP, or from our other Group Savings Plans.
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