Empower Employees to Save for the Future with Confidence
Retirement security starts with consistent savings. A Group Registered Retirement Savings Plan (Group RRSP) helps employees grow their wealth through regular payroll contributions — making retirement planning easy, disciplined, and rewarding.
A Group Registered Retirement Savings Plan (Group RRSP) is a company-sponsored retirement savings program that allows employees to contribute directly from their paycheque. Employers can also choose to match contributions to help accelerate savings growth.
Contributions are tax-deductible for employees and tax-deferred until withdrawal — making the Group RRSP one of the most accessible and effective retirement savings tools in Canada.
At Workplace Benefits, we partner with trusted providers like Manulife, Sun Life, Canada Life, and Desjardins, delivering flexible, low-cost Group RRSP programs for organizations across Alberta, British Columbia, and Ontario.
Provides immediate tax benefits through payroll deductions.
Offers easy access to professional investment options.
Improves financial literacy and long-term security.
For Employers
Attracts and retains high-performing employees.
Demonstrates commitment to financial wellness and stability.
Enhances overall benefits offering at a manageable cost.
Simplifies administration through payroll integration.
A Group RRSP is more than a savings plan — it’s a partnership between employer and employee to build a stronger financial future.
Types of Group RRSP Structures
Every business has different needs. Workplace Benefits helps design Group RRSPs that are simple, compliant, and effective:
Employer-Matched RRSPs
Encourage participation by matching employee contributions up to a fixed percentage.
Voluntary Employee RRSPs
Employees contribute on their own, with employer facilitation.
Integrated RRSP + DCPP Plans
Combine a pension plan’s structure with RRSP flexibility.
Spousal RRSP Options
Allow employees to split income and optimize retirement tax efficiency.
Each plan is fully customizable — balancing savings growth, cost control, and ease of use.
What’s Typically Included
A comprehensive Group RRSP program may include:
Payroll-integrated contributions for convenience
Employer matching or top-up options
Tax-deferred investment growth
Professionally managed investment portfolios
Online access to statements and investment choices
Financial education and retirement planning tools
Spousal and dependent contribution options
Integration with TFSA or DCPP programs
We’ll help you structure your plan to maximize participation and align with your broader compensation strategy.
How Workplace Benefits Works With Employers
Our four-step approach makes setting up and managing a Group RRSP simple:
Assess
Understand your organization’s size, goals, and employee demographics.
1
Compare
Review options from Canada’s top Group RRSP providers.
2
Customize
Design a plan that balances cost, participation, and retention.
3
Support
Handle setup, employee communication, and ongoing administration.
4
As an independent employee benefits broker, Workplace Benefits ensures you receive unbiased recommendations and ongoing support to keep your plan performing smoothly.
Why Choose Workplace Benefits
Independent Expertise
Independent brokerage with access to all major Group RRSP carriers
Tailored Solutions
Proven expertise in group retirement and financial wellness planning
Dedicated Support
Transparent, client-focused approach with no hidden fees
Cost Optimization
Simple implementation and ongoing administration support
National Reach
National coverage with dedicated service across AB, BC, and ON
Frequently Asked Questions
Everything you need to know about employee health benefits
How is a Group RRSP different from a personal RRSP?
A Group RRSP is sponsored by an employer, offering payroll deductions and often matching contributions — making it easier and more cost-effective for employees to save.
Are employer contributions taxable?
Yes, employer contributions are taxable income for employees, but they are immediately offset by the RRSP deduction.
Can employees withdraw funds anytime?
Yes — funds can be withdrawn at any time, though withdrawals are subject to withholding tax.
Can we offer both a Group RRSP and a DCPP
Absolutely. Many organizations offer both to balance flexibility (RRSP) and structure (DCPP).
What’s the ideal employer match?
Common match levels range from 3% to 5% of salary, but we’ll help you determine what fits your budget and retention goals.
Get Started with a Defined Contribution Pension Plan
Help your employees invest in their future while keeping costs stable and predictable. Whether you’re introducing a new retirement program or reviewing your current plan, Workplace Benefits will help you design and implement a DCPP that works for everyone.
Workplace Benefits designs cost-effective employee benefits & retirement plans across Alberta, BC & Ontario—helping businesses protect teams, control costs, and retain top talent.
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