Group Registered Retirement Plan

DCPP and SPP

The defined contribution pension plan (DCPP) is the ideal registered pension plan to provide your employees with a comfortable retirement income. Employer and employees will make tax-deductible contributions to the plan, and the assets accumulated in the plan may only be withdrawn at retirement via an annuity or a Life Income Fund (LIF).

As for the simplified pension plan, a defined contribution plan whose administration is entrusted to a financial institution, it offers the advantage of flexibility. You’ll be free to choose the types of contributions made, while your employees will be able to withdraw them before retirement age.

Group RRSP

The group Registered Retirement Savings Plan (RRSP) offers both advantageous fees – which are generally lower than for an individual RRSP– and flexibility, since there is no minimum contribution and the amounts invested can be withdrawn at any time. What’s more, contributions can be split any way between the employer and the employees, as long as they do not exceed the limit provided in the Income Tax Act.

DPSP

The Deferred Profit Sharing Plan (DPSP) can enable you to share with your employees part of your company’s profits. The main advantage of this plan, which can be offered in addition to a group RRSP, is that year after year, it will encourage all your employees to excel so that they can tangibly share in your firm’s success.

Group TFSA

The group Tax-Free Savings Account (TFSA) is a savings plan where the income generated and withdrawals are never taxable. Although contributions to the plan – up to $5,500 per year – are not tax deductible, this relatively recent tool will enable your employees to accumulate the necessary funds to achieve their personal projects.

VRSP

Available since July 2014, the Voluntary Retirement Savings Plan (VRSP) offers employees of small and medium-sized businesses and independent workers the opportunity to also benefit from an effective retirement savings solution. Like the RRSP, the VRSP allows for fully tax-deductible contributions and tax-free investment growth as long as no withdrawals are made.

In addition, enrolling is simple and there are no fees for employers.

Management Mandates

This customized program combines an excellent investment service to manage the assets in your defined benefit pension plans, access to the best fund managers to optimize the value of your pension fund, and the support of an investment strategy expert for guidance with trusts. Upon request, we will also handle the payment of benefits to your retired employees.

Group RRIF

With the group Registered Retirement Income Fund (RRIF), it is possible to convert into retirement income all the savings accumulated in your company’s group RRSP. Withdrawals are not subject to a legal maximum and may vary from year to year according to the needs of your employees.

Group LIF

The group Life Income Fund (LIF) will provide a secure retirement fund for employees who have accumulated money in a Locked-in Retirement Account (LIRA). Since their investment income will grow tax-free, the amounts invested will be protected against inflation.

Single premium annuity

If employees participating in your firm’s group retirement savings plan are about to retire, we can offer them the option of buying a life annuity that will give them a guaranteed income for life. Three choices are available to them: a life annuity, a life annuity with a guaranteed period, or a joint and survivor annuity.