Group RRSP
Employer-arranged RRSP with payroll contributions (sometimes with matching)
A Group RRSP is an RRSP offered through an employer, typically funded via payroll deductions. It can automate saving and may include employer contributions or matching (plan-specific).
How it typically works
- Employee contributions use your RRSP room.
- Plan investments may be limited to a lineup.
- Some plans restrict withdrawals while employed.
Quick mental checklist
If there’s employer matching, capturing the match is often a priority — it’s essentially extra compensation.
Official resources
Educational only. Always confirm limits and withdrawal rules with CRA resources or a qualified professional.