Group RRSP
The Assumption Life group RRSP allows participants to save for retirement by contributing to an RRSP through payroll deductions. You have access to renowned fund managers through a single Assumption Life account.
Plan features:
- Wide selection of investments.
- Both employer and employee may contribute.
- Contributions are tax-deductible.
- Each employee chooses his own investment strategy.
- Option to reduce income tax withheld at source.
Group TFSA
Assumption Life’s tax-free savings account (TFSA) allows you to invest up to $5,5 00 per year in our investment funds and guaranteed interest accounts, without ever paying a penny in taxes on interest, dividends, capital gains or other revenue generated by your investments.
- Unused contribution room can be carried forward indefinitely.
- You can return the full value of any withdrawals from your TFSA in future years.
- Neither earned income nor withdrawals affect the Old Age Security, the Guaranteed Income Supplement or the Canada Child Tax Benefit.
- You can withdraw savings from your TFSA at any time.
Pension Plans
Whether you manage a small, medium or large company, Assumption Life offers products to meet the retirement plan needs of your business. We work with your advisor, retirement committee or employee association to design and set up a customized, flexible retirement plan and help you decide how best to distribute your investments.
Among our many products and services:
- Plan administration.
- Assistance in setting up a retirement committee.
- Local expertise.
- Actuarial and consulting services (assets and liabilities).
- Legal expertise.
- Defined contribution plans.
- Defined benefit plans.
- Personal Pension Plan.
Your participation as well as your employees’ membership is on an entirely voluntary basis.
OUR PENSION PLAN OPTIONS:
Defined Contribution |
Defined Benefit |
Multiemployer Plan