Group RRSP
If you are a small business owner, or work for a small business without a company pension plan, you should consider a Group Registered Retirement Savings Plan (RRSP). A Group RRSP benefits everybody. Without an employer offering a group savings plan, many employees will delay investing for the future to meet short-term financial obligations.
These plans give you and your employees the opportunity to contribute to their tax-deferred retirement savings plan by convenient payroll deduction. They benefit over the long term by amassing savings and over the short term by having less tax withheld on each cheque.
Having a plan where your company contributes to each employee's RRSP can be a major perk, increasing employee loyalty and workplace morale.
Talk to our Investment Advisor for more information. Terry
can be reached at 905-885-2086