If you are a small business owner, or work for a small business without a company pension plan, you should consider a Group Registered Retirement Savings Plan (RRSP).
A Group RRSP benefits everybody. Without an employer offering a group savings plan, many employees will delay investing for the future to meet short-term financial obligations.
Small business owners may believe these plans are only available to large companies with extensive resources; however, there are a number of simplified group retirement savings options on the market that make competitive plans available to companies with as few as two employees. They’re tailored to a small business budget and are relatively easy to administer, which frees up time for the owner to focus on day-to-day management.