a collection of individual RRSPs taken on behalf of workers and sponsored by the employer
                                                            
                                                     
                        
                                                
                        
                        
                            a regular deposit savings plan that allows employees of a company to build capital for retirement though regular salary deductions
                                                            
                                                     
                        
                                                
                        
                        
                            a valuable benefit for you and your employees
                                                            
                                                     
                        
                                                
                        
                        
                            A group plan established by the employer, which enables the employees to open RRSP accounts. An employer may or may not choose to contribute to this type of plan.
                                                            
                                                     
                        
                                                
                        
                        
                            A Group Registered Retirement Savings Plan is a plan set up and administered by the employer or union. Each participating employee has an individual plan under the umbrella of the group. Group RRSP contributions are made through a payroll deduction. With a Group RRSP taxes are not deducted on the contributions made to the plan. Therefore the plan participants get a reduction in taxes with each contribution rather than the annual tax refund associated with an individual RRSP.