RRSP Matching

Employers contribute to your RRSP when you do

For example, if you contribute a certain percentage of your salary, your company “matches” that amount, up to a set limit.

It’s essentially free money for your retirement, helping your savings grow faster while also giving you tax advantages.

For example:

• Your salary is $60,000 per year.

• Your employer offers 5% RRSP matching.

• You contribute 5% of your salary = $3,000 per year to your RRSP.

• Your employer also contributes $3,000 to your RRSP.

So in one year, $6,000 goes into your retirement savings, but only $3,000 comes from your pocket. The other $3,000 is free money from your company.

You also get:

• A tax deduction on your own RRSP contribution

• Faster retirement growth

• A valuable employee benefit that boosts long-term financial security

RRSP matching is one of the best workplace benefits because it increases your savings instantly and helps you reach your retirement goals sooner.