Group RRSP · DPSP · TFSA
Group retirement plans in Mississauga, Vaughan and the GTA
A group retirement plan helps employees save through payroll, often with an employer contribution. It is a practical way to support your team’s future alongside group benefits.
Have these handy for a fast quote
- Number of employees
- Employer contribution approach
- Existing plans, if any
- Payroll provider details
- Goals for the program
Plan options
Group RRSP
Payroll contributions with tax deductions for employees.
Deferred profit sharing
A DPSP lets employers contribute, often with vesting rules.
Group TFSA
Tax-free savings through payroll for flexible goals.
Matching programs
Employer matches encourage participation.
Investment menus
A curated fund lineup with defaults for less engaged savers.
Member education
Online tools and support to help employees understand their plan.
Broker tips
Setting up a plan
- 01
Keep it simple
A clear design improves participation.
- 02
Align with benefits
Pairing retirement with group benefits can simplify administration.
- 03
Choose a default fund
A sensible default helps employees who do not choose.
- 04
Review annually
Fees, funds and participation deserve regular review.
FAQ
Questions I hear often
What is the difference between a group RRSP and a DPSP?
A group RRSP holds employee contributions; a DPSP holds employer contributions and can include vesting rules.
Do employer contributions count as taxable income?
Employer contributions to a group RRSP are generally taxable benefits; DPSP contributions are treated differently. Confirm with your accountant.
Is a group retirement plan right for a small business?
Often yes. Many providers support smaller groups with low administration.
Can it be combined with group benefits?
Yes. Many businesses offer both through one coordinated program.
Ready to compare group retirement?
Tell me a little about what you need. I will compare options and come back with a clear recommendation.