Companies today have a variety of choices available when it comes to selecting a group savings plan or retirement plan. With RBC Group Advantage™, we’ll help you build the group plan that’s right for your organization.
A collection of individual RRSP accounts administered by a company (the plan “Sponsor”) on behalf of its employees (Members).
A registered plan that allows companies to share their profits with employees. DPSPs provide tax incentives and allow for vesting periods on employer contributions but do not allow employees to contribute to the plan.
A collection of individual investment accounts that employees can contribute to directly from their payroll, helping them save for their financial goals.
A Pooled Registered Pension Plan (PRPP) is a new retirement workplace savings option recently introduced by the Government of Canada.
The Royal Trust Company is in the process of applying to the Office of the Superintendent of Financial Institutions (OSFI) to become an administrator of a Federal PRPP.
Voluntary Retirement Savings Plan (VRSP) is Quebec’s version of the Pooled Retirement Pension Plan (PRPP).
All aspects of the RBC PRPP are subject to change pending regulator approval of the plan.View Details about Voluntary Retirement Savings Plan (VRSP)
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