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

Learn how to make your money go further, faster

Make the most of your group retirement savings plans

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