Group RRSP

 

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. 

The FÉRIQUE group RRSP


An exclusive retirement savings tool reserved for employees of businesses owned by engineers.


  1. If you work for a business where engineers constitute the majority of the shareholders or management personnel, your employer may be able to establish a FÉRIQUE group RRSP.
  2. If so, all employees of the business are automatically eligible to invest in our Funds.

 Discover the FERIQUE difference.

The FÉRIQUE group RRSP at a glance

  • Practical: Contributions are deducted at source.
  • Advantageous: All employees of the business have access to personalized advisory services at no additional cost.
  • High-performing: Contributions may be invested in all our funds, which are managed by highly regarded managers, with management fees that are  among the lowest in Canada1.
  • Accessible:  No administration, purchase, redemption, account setup, interfund transfer or transaction fees, and no commissions when you deal with FERIQUE Investment Services.
  • Ethical: The FERIQUE Funds have a responsible investment policy.
  • Flexible: The employer establishes the amount of its contribution according to its own incentive criteria.

VRSP: What is it?

  • The Voluntary retirement savings plan (VRSP) is an additional tool offered to employees to enable them to accumulate retirement capital by saving at source, from their salaries.

  • Neither the employer nor the employee is obliged to contribute: employees are automatically enrolled but may withdraw if they wish. Similarly, they may determine their own contribution rate but will be subject to a predetermined rate of about 2% if they fail to do so.

Gradual implementation of the VRSP

  • Businesses with 20 or more employees had until December 31, 2016, to put in place a retirement savings plan.
  • Businesses with 10 to 19 employees have until December 31, 2017.
  • For businesses with 5 to 9 employees, the implementation deadline has not been set but it will not be before January 1, 2018.


The FERIQUE group RRSP: an alternative to the VRSP

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.


The median management expense ratios of the FERIQUE Funds are among the lowest in their Canadian benchmark reference universe.