Why would a small business offer a group RRSP?

It helps employees save with immediate tax savings and lower costs, and helps the business attract and retain staff, with far less administration than a registered pension plan.

Group RRSPs for Small Business in Ontario

Q: What is a group RRSP?

A group RRSP is an employer-sponsored retirement savings plan made up of individual RRSP accounts for employees, usually funded through payroll deductions, often with an employer match. It is simpler and lower-cost than a formal pension.

What is a group RRSP? It is an employer-sponsored retirement savings plan made up of individual RRSP accounts for your employees, usually funded through payroll deductions and often with an employer match. It is simpler and lower-cost to run than a formal pension.

Why offer one

Easy for employees: contributions come off payroll, with immediate tax savings and often lower investment fees than they would get on their own.
Powerful retention tool: especially with an employer match, it strengthens your offer to current and future staff.
Light on the business: far less administration and cost than a registered pension plan.

Group RRSPs and RRSP season

The RRSP contribution deadline falls early each year, and it is the moment employees pay the most attention to retirement savings. Setting up or promoting a group RRSP ahead of the deadline is a timely, high-impact move. If you are thinking about it for this coming season, now is the time to plan it.

How we set it up

We help you choose the plan and provider, set the matching structure if you want one, handle enrolment, and give your employees a plain-language walkthrough so they actually use it.

Book a 15-minute clarity call

A simple way to help your team retire well.

Why offer one

Group RRSPs and RRSP season

How we set it up