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.
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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
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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
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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
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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
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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
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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
Explore group RRSPs
A Manulife group RRSP combines the benefits of an individual RRSP with the benefits of your group retirement program to supercharge both your tax savings and your retirement savings.
Make your money go further, faster.
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.
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Putting money in your RRSP—why it's not too late to start
Saving for retirement doesn't have to be daunting. Even if you're not regularly contributing now, it’s never too late to start contributing to your RRSP.
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Are you saving enough for your retirement?
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- Get a plan and get motivated
- Guidance and advice just for you
- Know you're on track
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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.
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