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Group Insurance Benefits Nova Scotia(1)
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Group RRSP Nova Scotia

Financial Planning for the future.

What is a Group RRSP?

A Group Registered Retirement Plan (GRSP) is a type of employer-sponsored retirement savings plan that allows employees to contribute a percentage of their income to a personal account, which is invested in various products according to their preferences and risk tolerance. The employer may also contribute to the employee’s account, up to a certain limit. The contributions and the investment returns are tax-deferred until the employee withdraws the money from the account, usually after retirement. A GRSP can help employees save for their retirement goals and benefit from the employer’s support.

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Advantages for Employee’s

  1. Tax Break – RRSP contributions reduce the income tax you pay and contributing through payroll deduction your contributions are pre-tax and tax savings are instant.
  2. Forced Savings – group RRSP are a great way to consistently save each month for retirement, taking the guess work out of when and how much I should contribute.
  3. Employer Matching – If the matching component is offered by your employer this is a no brainer to invest. You are doubling your money immediately before the money is being invested.

Advantages for Employer’s

  1. Employee Retention.
  2. Attracting the best talent.
  3. Financial security for employees and their families.
  4. No setup fee’s

What funds are offered?

  • Retirement date funds – Excellent option for employee’s who prefer not to regularly review their investments.  Target Date Funds are a series of pre determined maturity dates matching when an employee wants to retire.

  • Asset Allocation Funds – These fund offerings are designed for employee’s who want to manage a portion of their portfolio based on there risk tolerance.

  • Build your own Portfolio – A variety of market based funds available for more experienced investors.


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Proudly Serving all areas of NS and Atlantic Canada 

Amherst / Antigonish / Bedford / Bridgewater / Chester / Coleharbor / Dartmouth / Digby / East Hants / Halifax / Liverpool / New Glasgow / New Minas / Port Hawkesbury / Sackville / Sydney / Truro / West Hants / Yarmouth