Employer-sponsored group investment plans are available in the form of RRSPs, TFSAs, RRIFs and non-registered investment accounts.
Offering group investment plans is a valuable employee benefit and can help firms attract and retain top talent.
Group plans provide advantages appreciated by employees, including the ease of automatic payroll deductions, lower Investment Management Fees (IMFs) and immediate payroll tax credit for RRSP contributions.
Once the plan is set up, the employee is responsible for choosing the investment options and managing their portfolio.
A number of plans are available for Firms to choose from:
Your Lawyers Financial Advisor can answer your questions and help you design a Group Investment Plan to meet the needs of your firm and your employees. Connect with your Advisor today.