Beat the 2020 RRSP deadline

Your group RRSP is a smart way to save – you get tax relief because your contributions are deducted from your income each year and your savings grow tax-free until they’re withdrawn. When you save in your group RRSP, you can also benefit from fees that are typically lower than retail.

Upcoming deadline: Make additional contributions by March 1, 2021

You can make one-time or recurring contributions directly from your bank account or contribute through bill payments on your financial institution’s website. This is a great way to top up your retirement savings.

  1. Check the Notice of Assessment you received after filing your taxes last year to see how much RRSP contribution room you may have. Can’t find it? Get a copy through Canada Revenue Agency.
  2. Sign in to your retirement and savings plan at mycanadalifeatwork.com.
  3. Click Contributions, choose Add new and follow the prompts.

Click Contributions, choose Add new and follow the prompts.

Want to learn more?

Find out what to know, where to go and things to keep in mind when it comes to Group RRSPs.

Contact us if you have questions

1-800-724-3402
Monday to Friday
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