Category Archives: Group Retirement

Important Things to Consider Before setting up a Group RRSP

Are you ready to implement a group retirement plan in your business? Now is a great time to begin the process before the RRSP contribution deadline of March 2nd. There are some important things to consider before setting up a Group RRSP, making these decisions early in the process will save you time and headaches…
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Why Many Small Businesses Don’t Have a Group Retirement Plan

Many small businesses don’t have a group retirement plan, even though the benefits of offering such a plan are obvious. Studies have shown that employee attraction, retention and engagement are increased by a group retirement plan. Many small business owners realize they should put a plan in place, but the have never found the time…
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Group Retirement Plan Questions from Employers due to COVID-19

In the middle of the second (third?) wave of the COVID-19 pandemic, businesses are coping with increased challenges and trying to minimize the financial impact. There are a number of group retirement plan questions from employers due to COVID-19 and its on-going impact. Here are some frequently asked questions from business owners about group retirement…
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Why Group RRSPs are Attractive to Employees

You have likely heard that group retirement benefits are a great way of attracting employees to your business. Group RRSPs are attractive to employees as one of the best ways to save consistent amounts over a long period of time. This allows your employees to take advantage of the dollar-cost averaging strategy, which reduces the…
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Group Retirement Benefits that will Attract Millennials

For some, talking about group retirement benefits that will attract Millennials may seem a bit premature, as the oldest Millennials are still decades away from retirement. However, most experts agree, Millennials are heading towards a retirement crisis much like the Baby Boomers are experiencing now. The difference is, many Baby Boomers will enjoy relatively comfortable…
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Why Financial Literacy is Important for Your Employees in Canada

Financial literacy is important for your employees in Canada, especially this time of year when RRSP season is just around the corner. It may seem obvious to most business owners but consider that many of your employees may not be as financially literate as you are. Employees are the backbone of every successful business, helping…
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Explaining the Different Types of Group Retirement and Savings Plans

In Canada, there are several options to consider when setting up a retirement plan for your employees. In this article we will be explaining the different types of group retirement and savings plans and how they affect the business owner. Registered Pension Plan (RPP) An RPP is set up by the employer and registered with…
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Add Value to Your Business with a Group Retirement Plan

Many employees are envious of the retirement options available to people that work in the public sector. But private businesses can compete for top employees by recognizing the need for end-of-work planning. Employees need to see a light at the end of the tunnel, just like business owners. It’s time to add value to your…
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