Employee Benefits Learning Center

Discover how small businesses in Canada can tailor group insurance plans to fit their team’s needs. Learn about flexible coverage options, cost-sharing strategies, and how to build scalable benefits that boost employee satisfaction.

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.