Helping you build and retain a productive workforce

RBC Group Advantage™ is a comprehensive program that can help you take care of you and your employees’ overall financial needs. From retirement savings and investments to everyday banking, our experienced advisors will provide advice to put you and your employees on the path to financial wellness.

Delivering expert advice and guidance is what sets us apart

When you choose RBC Group Advantage for your company’s Registered Pension Plan or Group Retirement Savings, you’re choosing a partner for the road ahead. We’ll work with you every step of the way to ensure your plan meets its objectives. As the Royal Bank of Canada is registered pension plan and group retirement savings program backed by 150 years of banking experience, we can give you all the support you need.

Invested In Your Company’s Success – As a trusted partner, we will take the time to understand the needs of your business build a registered pension plan or group retirement savings plan that sets up your company and its employees for success.

Advice That Comes To You – We offer a dedicated team that will be there with you and your employees for the entire journey long after you have launched your plan. Our Mobile Financial Advisors can meet wherever it’s convenient, including at the workplace. We’ll help your employees stay on track – When an employee’s needs change, your advisor will help them adjust their plan as required – ensuring their goals stay firmly within reach.

Invested In Your Company’s Success – As a trusted partner, we will take the time to understand the needs of your business build a registered pension plan or group retirement savings plan that sets up your company and its employees for success.

Advice That Comes To You – We offer a dedicated team that will be there with you and your employees for the entire journey long after you have launched your plan. Our Mobile Financial Advisors can meet wherever it’s convenient, including at the workplace.
 

Registered Pension Plan and Group Retirement Saving options

Establishing a group savings plans allows employees to contribute to an investment or registered savings account directly from their payroll, enhancing your total compensation program. We’ll work with you to select the Registered Pension and Group Savings Plan that best suits the needs of your company and your employees:

Defined Contribution Pension Plan (DCPP) A registered pension plan to which the employer must contribute and the employee may be required to contribute pursuant to the terms of the plan. The value of the employee’s plan account at retirement will vary based upon the employee and employer contribution amounts and the performance of the investments selected.

Group Retirement Savings Plan (GRSP) is a collection of individual RRSP accounts administered by a company or organization on behalf of its employees. The GRSP allows employees to contribute directly from their payroll using pre-tax dollars and is a powerful and effective plan to help them prepare for a financially secure retirement.

Group Tax-Free Savings Account (GTFSA) is a flexible plan that shelters employees’ investment earnings and withdrawals from tax while allowing them to reach a variety of short- and long-term goals.

Deferred Profit Sharing Plan (DPSP) allows you to transfer pre-tax company profits to members, reducing your company’s taxes payable. DPSP contributions are not subject to payroll-related charges, including CPP or QPP deductions, EI premiums or healthcare taxes. Only company earnings can be contributed to a DPSP.

Group Investment Account (GIA) is a non-registered plan that helps employees meet a variety of financial goals, including saving for vacations, work sabbaticals and home ownership or improvement.

Voluntary Retirement Savings Plan (VRSP) is a low cost, easy to administer group savings option available in the Province of Quebec. Participating in a VRSP is mandatory for businesses with five or more eligible employees that do not already offer a workplace savings plan.

Helping your employees stay connected

One-on-one advice tailored to each employee

We’ll work with your employees one-on-one to develop a deeper understanding of where they’d like to be, and then we’ll help them reach their goals, keeping them on track along the way.

We’re ready to connect with your employees how and where they prefer

 

To learn more, or to request a representative contact you, please complete the form below (including the words "Group Benefits" in the message)

 

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RBC Royal Bank Group Savings Plans are products of RBC Group Advantage, under Royal Bank of Canada. RBC Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Guaranteed investment certificates (GICs) are products of Royal Bank of Canada or its affiliates. Investment advice is provided by Royal Mutual Funds Inc. or RBC Dominion Securities Inc.* Royal Mutual Funds Inc. is licensed as a financial services firm in Quebec. RBC Global Asset Management Inc., Royal Mutual Funds Inc., RBC Dominion Securities Inc., RBC Direct Investing Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. Please consult your advisor and read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. * Member–Canadian Investor Protection Fund. 1 The RBC VRSP is a low cost, no advice plan. Fees will be charged to the members of the plan in accordance with VRSP legislation. There is no cost to a sponsor to participate in the RBC VRSP; however, some ad hoc and/or exception transaction fees may be charged to the sponsor. The printing, copying, redistribution or retransmission of this Content without express written permission is prohibited. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada, 2019. VPS106018