Group Registered Retirement Savings Plan (RRSP)

In addition to contributing to the Carleton Retirement Pension Plan through regular or voluntary contributions, the Group RRSP offers employees an additional retirement savings choice.

The Group RRSP, offered and administered by the Canada Life insurance company, offers full-time or part-time appointment employees the opportunity to make voluntary contributions by payroll deposit.

To Enrol

• You must have RRSP contribution room
• Determine what type of investor you are and invest accordingly
• Read and follow the directions on this Tip-Sheet to enrol on-line:

Group RRSP Member Booklet

Benefits of this group plan:

• Investment Funds with reduced investment management fees; broad range of investment choices
• Change your asset mix anytime without penalties or cost; no administration fees, regardless of the size of your account
• No minimum contribution to the plan & no minimum required to invest in any fund
• Once enrolled, you can keep up-to-date and make changes to your program through the Group Retirement Services (GRS) Access

Note: Carleton University facilitates access to the group RRSP but does not administer it. The Group RRSP is a voluntary retirement savings program to which Carleton University does not make contributions.

Schedule of Fees

Schedule of Fees – Group Retirement Savings Plan

Group RRSP Presentation Recap

Did you miss the Group RRSP and TFSA presentation on Feb 15, 2023? No worries – we got you covered!

See all the presentation details here.

Determine what type of investor you are

Investment personality questionnaire (CanadaLife)

Financial Information from Canada Life

Health and Wealth Consultants

Book a call with a health and wealth consultant, a licensed professional, to get support and advice when you have questions, like:

• What investments are right for me?

• How much should I contribute to reach my goals?

• How can I get my information online?

Your health and wealth consultant can help you with all these questions and more. You can connect with them whenever you need to.

General market information

• Understanding market volatility (PDF)
• What are market cycles? (article)
• Understanding risk tolerance (article)
• Don’t let emotions rule your investment plan (article)
• How you can deal with market volatility (article)

Commentary

• Understanding Market Volatility (brainshark.com)
• How to remain calm in today’s investment conditions (recording)

Questions about enrolling?

Contact Canada Life’s Call Access Line at 1-800-724-3402