- Excellent product to attract and keep key employees.
- Can be a ‘no cost’ savings opportunity for the employee and employer.
- Employee can direct the monies (own contributions and employer contributions), in part or all of it to a spousal RRSP.
- Employees have web access to see their money at work
- Minimal government or pension authorities to deal with.
- Is a convenient and disciplined savings approach through payroll.
- Can be wrapped with an Optional Tax Free Savings Account as well.
- Offers both term deposits for guaranteed savings and Investment Mutual Funds.
- Can be totally a voluntary plan or designed with employer/employee matching contributions.
- Excellent on-line tools and calculators.
