Group Savings Benefits
Ottawa Life Insurance Brokers & Agents
A group RRSP plan is offered by employers or associations to help employees save for their retirement. Some employers may offer to match a portion of the employee’s contribution. It is a great way to help employees save for the future while deferring some of their taxes.
- Wide range of investment options available
- Typical percentage of contributions ranges between 3% to 10% of employee’s pay.
- The employee chooses contribution percentage.