A group RRSP is a regular RRSP whose contributions are deducted at source by your employer and deposited in an account opened in your name. Apart from periodic investments, the main advantage of a group RRSP is that it enables you to obtain income tax savings immediately and take advantage of market returns throughout the year.
An exclusive retirement savings tool reserved for employees of businesses owned by engineers.
By law, employers must offer a retirement savings plan to their employees, but the choice of plan is left entirely to the employer’s discretion: employers are not obliged to opt for a VRSP. Businesses where a majority of the shareholders are engineers may opt for a FERIQUE group RRSP. It’s a simple, flexible, advantageous solution for employers and employees alike.