Group Retirement Benefits
A strong group retirement plan is more than just a workplace benefit—it’s a valuable tool for attracting and retaining top talent, while helping your employees build financial security for the long term. At Dowco Financial, we design group retirement programs that are easy to manage, flexible to your business, and meaningful to your team.
Whether you’re looking to enhance your current offering or build a new plan from the ground up, we’ll help you choose the right options to support your team’s retirement goals.
Group RRSPs
A Group Registered Retirement Savings Plan offers employees a convenient way to save for retirement through payroll deductions, with immediate tax advantages. Employers can also choose to match contributions, adding additional value to your total compensation package.
Tax-Free Savings Account (TFSA)
A group TFSA allows employees to grow their savings tax-free while maintaining flexibility. Unlike RRSPs, withdrawals from a TFSA are not taxed and can be made at any time, making it a great complement to other retirement savings options.
Registered Pension Plans (RPP)
An RPP is a structured retirement savings vehicle that helps employees build predictable, long-term savings. Contributions are tax-deductible for employers and employees, and plans can be tailored as defined benefit or defined contribution, depending on your goals.
Deferred Profit Sharing Plans (DPSP)
A DPSP lets employers share business profits with employees in a tax-efficient way. Contributions are made by the employer only, and can be a cost-effective tool to reward employee loyalty and support retirement savings without requiring employee contributions.
A well-designed group retirement plan is a win-win—it helps your employees prepare for the future while strengthening your overall compensation strategy. At Dowco Financial, we’ll help you navigate the setup, administration, and ongoing management of your plan with ease and confidence.