Let us help you achieve your goals.
This exclusive opportunity is offered through the Engineers Canada - sponsored Financial Security ProgramOpens a new website in a new window. Whether you’re just starting to save, are close to retirement or somewhere in between, we want to help you achieve your goals.
Due to the combined purchasing power of everyone in the plan, investment management fees are generally lower than an individual plan. That means you can:
The program offers several plans to help you save for retirement and other financial goals including group registered retirement savings plans (RRSPs), non-registered savings plans (NRSPs) and tax-free savings accounts (TFSAs).
We can also help you turn your savings into retirement income with a registered retirement income fund (RRIF), life income fund (LIF) or an annuity.
Learn how a group RRSP is different than an individual RRSP.
Narrator: Joining your group retirement and savings plan is an easy way to save.
Description: Jean relaxes in an armchair. Her piggy bank runs in from behind the chair and leans on her ankles.
Narrator: Your group retirement savings plan (RSP)
Description: Cut to Jean’s hand holding a coin. The coin is dropped into the piggy bank.
Narrator: can help you pay less income tax today because your contributions are tax deferred.
Description: The piggy runs out of frame and a paper with a percentage sign falls behind. A portion of the paper is cut with a scissors.
Narrator: That means you won’t pay tax on contributions
Description: The paper falls back into the piggy bank, followed by more coins. A clock moves into frame and time passes.
Narrator: until you take them out later in life when your income and tax rate will likely be much lower.
Description: Cut to line graph showing age from 20 to 90. Income rises until retirement at 65, then decreases afterwards.
Narrator: You’ll also usually pay lower investment management fees (services needed to manage the fund) than an individual plan.
Description: Cut to down arrow beside price tag with percentage sign. They separate to show one person.
Narrator: because they’re shared among a large group, instead of paying them on your own.
Description: One person is compared to a group with a bar graph. The individual has higher fees.
Narrator: Both of these benefits – tax deferral and lower fees,
Description: Cut to paper with percentage beside a price tag with percentage.
Narrator: help you make the most of your group retirement and savings plan.
Description: Return to Jean in armchair with piggy bank. She pets the bank as its tail wags.
Narrator: Get started today at GRS Access.Description:
Text “Sign into GRS Access at canadalife.com” appears with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Narrator: Joining your group retirement and savings plan is an easy way to save.
Description: Jean relaxes in an armchair. Her piggy bank runs in from behind the chair and leans on her ankles.
Narrator: Your group retirement savings plan (RSP)
Description: Cut to Jean’s hand holding a coin. The coin is dropped into the piggy bank.
Narrator: can help you pay less income tax today because your contributions are tax deferred.
Description: The piggy runs out of frame and a paper with a percentage sign falls behind. A portion of the paper is cut with a scissors.
Narrator: That means you won’t pay tax on contributions
Description: The paper falls back into the piggy bank, followed by more coins. A clock moves into frame and time passes.
Narrator: until you take them out later in life when your income and tax rate will likely be much lower.
Description: Cut to line graph showing age from 20 to 90. Income rises until retirement at 65, then decreases afterwards.
Narrator: You’ll also usually pay lower investment management fees (services needed to manage the fund) than an individual plan.
Description: Cut to down arrow beside price tag with percentage sign. They separate to show one person.
Narrator: because they’re shared among a large group, instead of paying them on your own.
Description: One person is compared to a group with a bar graph. The individual has higher fees.
Narrator: Both of these benefits – tax deferral and lower fees,
Description: Cut to paper with percentage beside a price tag with percentage.
Narrator: help you make the most of your group retirement and savings plan.
Description: Return to Jean in armchair with piggy bank. She pets the bank as its tail wags.
Narrator: Get started today at GRS Access.Description:
Text “Sign into GRS Access at canadalife.com” appears with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Participants of the Engineers Canada - sponsored Financial Security Program use Canada Life’s GRS Access website to manage their plans.
When you join the program, a dedicated investment and retirement specialist can help you make a plan and invest wisely so you can reach your savings goals sooner.