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Group Registered Retirement Savings PlanIn a group Registered Retirement Savings Plan, an employer arranges for employees to make contributions, as they wish, through regular scheduled payroll deductions. The employee can decide the size of contribution per year and the employer deducts an amount accordingly and submits it to the investment manager selected to administer the group account.
The contribution is then deposited into the employee’s individual account and invested as specified. The primary difference with a group plan is that the contributor realizes the tax savings immediately, instead of waiting until the end of the tax year. Talk to one of our experts today about a Group RRSP. Call or email Feller Financial Group today for more information about this plan.
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