Group Registered Savings Plan (GRSP)

Welcome » Retirement » Private Pension Plans » Group Registered Savings Plan (GRSP)

A Group Registered Savings Plan (GRSP) is similar an individual RRSP, except administered on a group basis

employee contributions matched in whole or in part by employer, union or association
employer contributions are tax-deductible by the employer as salary payments
employer contributions are taxable to the employee as salary received
not locked-in → employee can cash out according to terms of plan

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page revision: 2, last edited: 29 Jul 2007 04:28

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