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Contigo Solutions meets with clients to determine your needs, and offers customized advice and support to provide the best Group RRSP Plan for you. Advantages of a group RRSPs can include; immediate tax relief to the employee, lower minimum deposits, income-splitting through spousal contributions, and more flexibility in terms of employee eligibility and contribution levels.
A Group Registered retirement Savings Plan (RRSP) is a collection of individual RRSPs administered to employees by their sponsoring employer. Contributions are made by pay-roll deductions taken from the employee’s pre-tax pay. Contributions are then deposited into their RRSP as specified. Regularly contributing a small percentage of their income allows employees to build towards financial security after retirement.