Employee Benefits Learning Center

Explore the key differences between pension plans and Group RRSPs to understand how each supports long-term retirement savings. From guaranteed income and employer-managed investments to flexible contributions and employee-directed control, each plan type offers unique advantages. Learn how portability, tax benefits, and risk exposure vary, and why a combined approach may offer the best retirement strategy for many Canadians.

A group RRSP in Canada is a retirement savings plan set up by employers to help employees save through automatic payroll deductions. It offers immediate tax benefits, easy contributions, and often employer matching, making it a simple way to build retirement savings.

Here is a detailed overview of group retirement savings plans in Canada, the various types of GRSPs that Canadian employers offer, as well as the advantages and disadvantages of creating a retirement fund via group retirement plans.

An overview of a Health Spending Account (HSA), how it works, and its benefits for employees in Canada.

Rising healthcare costs make it challenging for small businesses to offer group health insurance. Pooled benefits provide a solution by distributing risk among multiple employers, ensuring affordability and comprehensive coverage. Learn how these plans work and how they can benefit your business.