Registered Retirement Savings Plan (RRSPs) are a vital part of retirement planning. Designed by the federal government as an incentive to save for retirement, RRSPs offer a wide range of investment options and saving opportunities. RRSPs offer tax savings by allowing taxes on funds earned to be deferred until a later date when the funds are withdrawn. Further tax savings may be possible using a Spousal RRSP to split future income between yourself and a lower income earning spouse. While designed for retirement, the government has also established programs to withdraw RRSPs to achieve other life goals, including education (Life Long Learning Plan) and home ownership (Homebuyer's Plan). A group retirement program is an excellent way to:
- Attract talented employees
- Reward and retain loyal employees
- Enhance workplace morale
- Help employees achieve a secure financial future
At BPG, we have a wide range of group products to match your unique needs:
- Registered Retirement Savings Plans (RRSP)
- Registered Pension Plans (defined contribution)
- Deferred Profit Sharing Plans (DPSP)
Benefits from our retirement programs include:
- Flexible and cost effective plan design ideas
- Dedicated customer service
- Dollar cost averaging
- Easy payroll deduction
- Lower investment management fees
- Tax effective savings through registered plans
- Large selection of investment options
- Employee communication material
- Variety of options are available upon termination or retirement