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Program offerings

Achieve your retirement and savings goals faster

Group savings products like those offered through the Engineers Canada - sponsored Financial Security Program give you a real advantage. You’ll usually pay lower fees compared to individual investment options. This can add up to more savings and help you reach your goals sooner.

Preserve and grow your wealth

Let us help you find ways to save, achieve your goals and make sure the money you’ve worked hard for is now working for you.

  • Grow your savings

    Group savings plans are a good way to maximize growth so you can retire with more.

  • Discover your investment options

    Investing can be simple. We’ll explain how it works so you can make informed decisions.

  • Achieve your goals

    Over time, your investments and savings can help secure the future you want for you and your family.

The power of compounding

With a regular savings plan in place, and an early start, you could be much further ahead when it’s time to consider retirement. That’s because the longer your money is invested, the more time it has to grow. When it comes to compounding returns, time is an advantage.

The program offers a variety of plans

To help maximize your savings and retirement income, you can choose from the plans below. Want more information? Visit SmartPath, where you’ll find interactive online financial education that can help you learn how to save for the future you want.

Plan
Description
Registered retirement savings plan (RRSP)
A tax-deferred savings plan that allows you to make tax-deductible contributions.
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Non-registered savings plan (NRSP)
Contributions are not tax-deductible and investment returns are not tax-sheltered. Savings can be accessed at any time.
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Tax-free savings account (TFSA)
Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed, as well as any income earned in the account, is generally tax-free, even when it’s withdrawn. 
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Registered retirement income fund (RRIF)
A RRIF turns the accumulated value of an RRSP into retirement income.
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Life income fund (LIF)
A LIF is a tax-sheltered account used to pay out the accumulated value of a locked-in RRSP, locked-in retirement account (LIRA) or locked-in amounts under a registered pension plan (RPP).
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Annuity
An annuity is a simple way to turn a portion of your savings into regular income – for a fixed period or the rest of your life. It’s up to you.
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Thinking about retirement?

Retirement planning

Find everything you need to learn about achieving your retirement goals.

Learn more about retirement

Get answers to questions

Our investment and retirement specialist can answer your general retirement questions.

Contact a specialist

Get retirement ready

Explore this interactive financial education and planning website.

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Personalized investment guidance

When you join the program, you can get the help of a dedicated investment and retirement specialist to plan your savings goals, invest wisely and retire confidently.

Contact a specialist

Investment fund options

For hands-off investing

Think of Fidelity ClearPath® Retirement Portfolios as an investment option with your retirement year in mind. Just pick the target date fund that’s closest to the year you’d like to retire. 

For hands-on investing

Our extensive investment menu gives you choices so you can create a diversified portfolio tailored to your goals and needs. You can select investment options based on your investment personality.

Learn more about your investment options

Transfer to maximize your savings

If you have money invested with other financial institutions, it can get complicated. When you transfer your savings to the financial security program, you maximize your group advantage. Plus, tracking your finances and budgeting will be much simpler. 

Tools and resources

We have tools and resources to help you stay on track with your goals. For more information check out our resources page. 

Access resources