Choosing a plan
Take a look at the main features of the different group retirement plans that we offer and find the one that is right for you.
Questions to ask yourself
| VRSP/PRPP | SPP | DPSP | DC RPP | RRSP | TFSA | FHSA | |
|---|---|---|---|---|---|---|---|
Do you want to make contributions? |
O |
O |
O |
O |
|||
Do you want the money saved to be used only for retirement? |
|||||||
Are you ready to manage a pension committee? |
1 | ||||||
Will your contributions to the plan increase payroll taxes? |
|||||||
Do you want to contribute only if the company makes a profit? |
O | O | O | ||||
Do you want your contributions to be vested immediately? |
2 | ||||||
Do you want to choose the investment options available in the plan? |
|||||||
Are you ready to make contributions at least once per month? |
1A retirement plan is required for a DC RPP plan registered in Quebec and Manitoba only, according to a prescribed number of plan members.
2Contributions do not vest immediately in all jurisdictions.
Legend
| VRSP | Voluntary Retirement Savings Plan |
| PRPP | Pooled Registered Pension Plan |
| SPP | Simplified Pension Plan |
| DPSP | Deferred Profit Sharing Plan |
| DC RPP | Defined Contribution Registered Pension Plan |
| RRSP | Registered Retirement Savings Plan |
| TFSA | Tax-Free Savings Account |
| FHSA | First Home Savings Account |
 |
Yes |
 |
No |
| O | Optional |