Supplementary Plans

To attract and retain good employees, consider helping them reach other goals in life. Whether your employees are setting money aside for a large purchase or saving for their children’s education, we offer helpful plans at minimal cost.

GROUP REGISTERED EDUCATION SAVINGS PLAN

Group Registered Education Savings Plans (Group RESPs) are a popular way for employees to save for their children’s education.
Contributions are not tax-deductible, but RESP investments grow tax-free until the beneficiary withdraws the funds for post-secondary school expenses.

GROUP NON-REGISTERED PAYROLL SAVINGS PLAN

A Group Non-Registered Payroll Savings Plan deducts contributions from your company’s payroll to a suitable investment.
Employees’ savings are always accessible and have the potential to grow considerably faster than they would in a savings account.

SALARY DEFERRAL (SABBATICAL) PLAN

Used mostly by teachers and medical professionals, salary deferral plans put money aside on a regular basis over several working years. The money can then be withdrawn at a later date either in a lump sum or periodically over an extended leave or sabbatical.
A formal arrangement can ensure that employees’ sabbatical incomes and all expectations and obligations are clear.

Disclaimer: The information contained herein is for ON residents only and does not constitute an offer to sell or solicit sales in any other Canadian or foreign jurisdictions.

Supplementary Plans

Your Personal Financial Website