Group Registered Retirement Savings Plan (RRSP)

The Group RRSP is an easily-managed retirement plan with no administration fees. It enables your employees to build capital for their retirement and may be offered as a complement to an existing company retirement plan or to a standalone RRSP.

Advantages for your company:

• no administration fees
• simple to manage
• minimal administrative tasks involved
• tax break (employer contributions are considered as a salary expense and are deductible from the company's taxable income)
• optional participation for the employer
• deal with only one representative
• several ways to make contributions

Advantages for your employees:

• Immediate tax break: contributions are made by deductions at source; tax is saved immediately, which decreases net disbursement for investment purposes.
• Numerous and varied investment options: possibility of investing in mixed funds, fixed-income funds, Canadian growth funds, foreign growth funds or term savings products.
• No administration fees (except in the event of a transfer to an institution other than Desjardins).
• Possibility of investing in a spousal RRSP, in accordance with specific terms.
• Choice of points of business: caisses populaires acadiennes.