Group retirement savings plans

Get to know what they are, how to find the ones you can join, and how they might fit into your overall saving strategy.

The difference between your program and your plans  

Your group retirement program is the whole package—everything your organization has put together to help you save. Within your program, you put your money in plans.

Which plans does your program offer?

Your program won’t offer all these plans. To find what’s available to you, check the information you got to help you join your program. It could have been a paper guide, a digital guide, or even a website.

  • Registered Pension Plan (RPP)

    • For your employer to put money in for your retirement—you might, too
    • May lower the income tax you have to pay
    • Don’t pay tax until you take money out
  • Registered Retirement Savings Plan (RRSP)

    • For your retirement or long-term goals
    • May lower the income tax you have to pay
    • Don’t pay tax until you take money out
  • Tax-free savings account (TFSA)

    • For your short- and long-term goals
    • Don't pay tax on growth in the plan
    • Don't pay tax when you take money out
  • Deferred Profit-Sharing Plan (DPSP)

    • For your employer to share profits with you
    • Don’t pay tax when your employer puts money in
    • Don’t pay tax until you take money out
  • Employee Profit-Sharing Plan (EPSP)

    • For your employer to share profits with you—you may be able to put money in, too
    • Pay tax on the money your employer puts in
    • Pay tax on growth in the plan
    • Don’t pay tax when you take money out
  • Non-registered savings plan (NRSP)

    • For your short- and long-term goals
    • Pay tax on growth in the plan
    • Don’t pay tax when you take money out

How to grow your savings
and pay less tax

When you contribute to your RRSP, you benefit now and in the future. It’s a win-win.

  • Lower your taxes today
  • Invest for tomorrow
  • Grow your savings and defer taxes

Make the most of your group retirement savings plans

It’s easier to make smart decisions with easy-to-understand information, tools, and guidance—right where you need them.

  • When to start saving for retirement? Now.

    Learn the importance of saving for retirement and why the earlier you start saving, the more money you'll have when you retire.

    Read the viewpoint
  • Are you saving enough for your retirement?

    Set a goal to help you retire the way you want!

    • Get a plan and get motivated
    • Guidance and advice just for you
    • Know you're on track
    Sign in to set my goal now
  • Supercharge your group retirement savings program

    Partner with one of our advisors to learn what makes your group retirement program great and what makes it great for you.

    Learn how our advisors can help

Helping you plan and save—at any stage of life

Check out the specific plans, resources, and tools we’ve designed just for people like you.

Plan for your tomorrow