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Group Registered Retirement Savings Program (RRSP)

Group RRSP payroll deductions allow your employees to save for retirement while providing them with immediate tax savings.

As an employer, you shape the basic plan:

  • A Group RRSP can replace or supplement a defined contribution or defined benefit pension plan.
  • You determine when employees are eligible to join the plan and how often contributions are made.
  • You decide whether you’ll match contributions and, if so, the percentage of the contributions you’ll match.
  • You decide which programs to make available to your employees. The employees then choose the specific products they want to invest in based on their needs, investment profiles and tolerance for risk.


  • Investment and retirement planning with one of our accredited financial advisors
  • Immediate tax savings through convenient pre-tax payroll deductions
  • Access to quality retirement and investment planning tools
  • Access to Servus Credit Union guaranteed investment certificates
  • Access to Canada’s best known mutual funds*
  • No sales commissions to purchase OnCourse™ Portfolios
  • Semi-annual or quarterly statements to keep members informed about investment performance
  • Spousal RRSP plan availability 


  • Providing employee benefit options aids in recruitment and retention
  • Our Group RRSPs are more cost effective than traditional pension plans
  • There are no direct employer costs to administer the program
  • We offer your employees educational seminars on a variety of financial topics, based on their needs

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*Servus Wealth Strategies Ltd. is a subsidiary of Servus Credit Union Ltd. offering financial planning, life insurance and investments. Mutual funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer which insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.

®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

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