Helping employees plan for their financial future
Employee benefits can extend beyond health and insurance coverage. Group Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) can also form part of an employee benefits and savings program.
With a Group RRSP, employees can make contributions through payroll deductions, and employers can choose to match contributions. This provides employees with a structured way to save for the future through their workplace.
Businesses can also establish deposits into RRSPs, TFSAs, or both. There are options for smaller businesses as well as companies with larger employee groups.
Employee savings plans can therefore be another part of a benefits package designed around the needs of both the business and its employees.