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.
