At PEO Canada, we offer personalized savings plan solutions that enhance your employer value with real impact to help promote retention and attract new talent.
With a wide array of investment options, including Registered, Non-Registered, and Tax-Free Savings Accounts, employees can tailor their savings plans to suit their retirement goals and preferences. Our expert guidance and access to world-class funds will help you discover how our customized retirement savings solutions can enhance your employee engagement and foster a culture of financial well-being and personal security within your organization.
You and your employees will have exclusive access to our specialized team of RRSP experts to help you understand and choose the ultimate RRSP savings package. By opting into PEO Canada’s group RRSP Policy, you can capitalize on lower management fees, customize employer matching contributions and enjoy the ease of automatic payroll deductions to help you effortlessly empower your employees to secure their financial futures.
No matter where your business is headquartered, we manage your Canadian RRSPs, supporting you and your Canadian employees by providing you with resources to ensure you and your team can make informed financial choices.
RRSP Plan Review
Personalized assistance with investment allocation
Access to a variety of world-class funds for group RSPs
Lower investment fees due to volume discounts
Employee and employer contribution administration
Various investment options, including Lifecycle Funds, Asset Allocation Funds, Guaranteed Compound Interest Accounts
Online retirement planning calculators, educational information, and customized member statements with personalized rate of return
Payroll-Deduction Setup & Employer Matching Options
Accounts including group Registered, Non-Registered, Education and Tax Free Savings Accounts
45+
Years in Business
500+
Clients Nationwide
Flexible
Initiatives
The Benefits of Outsourcing Group RSP and Services
With decades of experience as leaders in the industry, we understand the importance of offering competitive and personalized investment options for your employees’ retirement needs.
Enhanced Employee Benefits
We care about your financial wellness. Group Registered Savings Plans (RSPs) offer employees a valuable benefit, empowering them to save for retirement through convenient payroll deductions, boosting their financial security and satisfaction.
Dedicated, Human Claims Support
Real people, real care, real solutions. You’ll work with experienced professionals from our team directly. From providing you with your options and supporting you and your employees through the duration of our time together. Look no further for the effortless support that awaits you.
Compliance and Risk Mitigation
Stay compliant, stay competitive. Our team keeps up with changes in Plans and options, supporting your company’s compliance and best practice recommendations. With expert guidance, we help you safeguard both your employees and your business.
Attraction and Retention
Have the “wow” factor. Offering a competitive Group RSP helps attract top talent and retain valuable employees, positioning your company as an employer of choice in the job market.
Guidance and Education
Your potential, unlocked. Stay informed and confident with expert guidance backed by ongoing learning. PEO Canada helps to navigate RRSP plans by providing clear education on employer responsibilities, reporting deadlines, and modified work expectations. Our proactive support ensures you fully understand your obligations, empowering you to make informed decisions with ease.
Available Savings Vehicles
Through our group savings plan, your employees have access to the RSP as well as other savings vehicles such as Tax-Free Savings Account (TFSA), a Non-Registered Retirement Savings Plan (NRSP) and a Registered Education Savings Plan (RESP) on a voluntary basis.
Tax Advantages
Discover the advantage of strategic tax planning. Group RSPs provide tax benefits for both employees and employers, allowing contributions to grow tax-free until retirement, leading to potential tax savings for participants.
Employer Contributions
You deliver more than results—you deliver impact. Employers can choose to match employee contributions to Group RSPs, demonstrating their commitment to employee financial well-being and fostering loyalty within the workforce.
Employee Financial Literacy
Secure your wealth with expert care. Group RSPs often come with educational resources and tools that promote financial literacy, empowering employees to make informed retirement planning decisions.
Employee Engagement
Together we rise! Group RSPs contribute to a more engaged workforce, as employees become active participants in their long-term financial goals, leading to increased productivity and job satisfaction.
We provide a total human resource management solution for enterprises of all sizes, allowing for complete access to our most valuable expertise and offerings. Focus on your bottom line and let us take care of the rest with support that enhances your ability to focus on business development and revenue generation.
If your business requires a less extensive approach, we also offer PEO Lite. This service provides payroll administration, workers’ compensation, and recruitment services solutions.
PEO Lite + offers the benefits of PEO Lite with additional support in time and attendance management, benefit plan administration, and group RSPs.
Client Success Stories
With decades of experience as industry leaders, we understand the importance of offering competitive, personalized investment options to meet your employees’ retirement needs. With PEO Canada, you get:
Frequently Asked Questions
Offering a Group RSP can be a valuable employee benefit, helping attract and retain talent. It also encourages employees to save for retirement in a tax-efficient manner.
A Group RSP is similar to an individual RRSP but is sponsored by an employer. It often includes additional features like employer contributions and simplified administration.
Yes, employees often have the flexibility to select investments from a range of options offered within the Group RSP, allowing them to tailor their portfolio to their risk tolerance and retirement goals.
Any Canadian resident with an earned income and a filed tax return.
Contributions are deducted directly through payroll, which means you receive the tax benefit immediately rather than waiting until you file your tax return.
Offering a Group RRSP is a simple and effective way to enhance your overall benefits program while supporting your employees’ long-term financial well-being.
For employees, it provides a convenient way to save through payroll deductions, along with immediate tax advantages and access to investment options.
For employers, it helps attract and retain talent, strengthens your total rewards offering, and demonstrates a commitment to employee well-being. Similar to salary or bonus, Employer RRSP contributions are a tax-deductible business expense, reducing taxable income.
Through our partnership, your employees can enroll in our Group RRSP program and contribute directly through payroll. We manage the plan setup, administration, and ongoing support.
No. Your employees join our existing Group RRSP program, so there is no need for you to establish or manage a separate plan.
Employer involvement is minimal. Once payroll deductions are in place, we handle the administration and provide ongoing support.
No. Employer contributions are optional and can be added at any time to enhance your benefits offering.
Contributions are made through payroll deductions, providing employees with a simple, consistent way to save and immediate tax benefits.
Employees have access to tools, resources, and guidance to help make informed decisions and feel confident about their savings.
The RRSP account belongs to the employee. They can maintain the account or transfer their savings to another registered plan.
Yes. The program is flexible and can be structured to work with your goals in mind, making it a strong fit for organizations of all sizes.
