The difference between your program and your plans

Your group retirement program is the whole package—everything your organization has put together to help you save. Within your program, you put your money in plans.

Which plans does your program offer?

Your program won’t offer all these plans. To find what’s available to you, check the information you got to help you join your program. It could have been a paper guide, a digital guide, or even a website.

Registered Pension Plan (RPP)

For your employer to put money in for your retirement—you might, too
May lower the income tax you have to pay
Don’t pay tax until you take money out

Registered Retirement Savings Plan (RRSP)

For your retirement or long-term goals
May lower the income tax you have to pay
Don’t pay tax until you take money out

Tax-free savings account (TFSA)

For your short- and long-term goals
Don't pay tax on growth in the plan
Don't pay tax when you take money out

Deferred Profit-Sharing Plan (DPSP)

For your employer to share profits with you
Don’t pay tax when your employer puts money in
Don’t pay tax until you take money out

Employee Profit-Sharing Plan (EPSP)

For your employer to share profits with you—you may be able to put money in, too
Pay tax on the money your employer puts in
Pay tax on growth in the plan
Don’t pay tax when you take money out