"We all live with the objective of being happy; our lives are all different and yet the same. We chose the pictures in our banner above to reflect our philosophy and our mission, to help you succeed and reach your goals."

Betty-Anne Howard
M.S.W., B.A. (Hon.), CFP, CLU, CHS

Making Dreams A Reality
SWITCH Association Plan

What is it?

A Group RRSP is simply a collection of individual RRSPs where the employer arranges for employees to make contributions through regular payroll deductions on a pre-tax basis.

What’s Involved?

Upon completing the application form and deciding how much you want to contribute, your employer deducts that amount from your pay in a pre-tax dollars as permitted by Revenue Canada and forwards it to the financial organization selected by your employer as the investment manager and administrator for the group plan. Your contribution is then deposited into your individual RRSP and invested as you specify. We are always happy to help you review your investment options and select the ones that best suit your needs, including aligning your values with your investments.

Advantages of Group Benefits

In addition to the instant tax savings, a Group RRSP also offers the following benefits of contributing by installment:

  • Absolutely free – it costs nothing to set up or maintain
  • Avoid the last-minute RRSP rush at the end of February.
  • It’s easier to reach your RRSP limit than with a single lump-sum contribution, the end of February.
  • It eliminates the need to borrow money from a bank to make an RRSP contribution, thus saving interest costs.
  • Payroll deduction offers the ultimate convenience; it is the easiest way to save.
  • Contributing earlier maximizes the value of your savings by keeping them tax-sheltered longer than year-end lump-sum contributions.
  • Contributing monthly allows you to take advantage of the ups and downs in the market (called – dollar cost averaging)