Compare group savings plans
Choosing a group retirement savings plan
To choose the right group retirement savings plan, the first step is determining the needs of your business and your employees.
Your needs
Group RRSP | Group TFSA | DPSP | DCPP | |
|---|---|---|---|---|
Make contributions to your employees' pension plan | ||||
Lock in funds until retirement | -- Not offered | -- Not offered | -- Not offered | |
Increase your contribution when an employee increases theirs | -- Not offered | |||
Make contributions only if your company makes a profit | -- Not offered | -- Not offered | -- Not offered | |
Adjust your contributions based on employee performance | -- Not offered | -- Not offered | -- Not offered | |
Give your employees immediate ownership rights to your contributions |