Plan types · Group RRSP

Group RRSP administration and recordkeeping for Canadian employers

LINK is the recordkeeper and administrator for Group RRSPs. Employees save through payroll into their own RRSP, you choose the matching formula, and LINK runs contributions, investments, member accounts and reporting on one platform, for plans from 30 employees.

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How it works on LINK

What LINK handles, and what stays with you

LINK handles

  • Recordkeeping for every member account, from enrolment to statements and tax receipts
  • Employer matching calculated automatically from the formula you choose
  • Contribution processing, with direct payroll integrations for ADP Workforce Now and Dayforce
  • Digital onboarding that places each member in a suitable ETF portfolio based on their risk profile
  • Member support, so account and investment questions stay off your HR team's desk

Your organization

  • Choose the contribution and matching formula
  • Run payroll deductions (automatically, where your payroll provider integrates with LINK)
  • Keep employee data up to date and share plan information with new hires
At a glance

Group RRSP essentials

Who contributes
Employees through payroll, with optional employer matching
Who owns the account
The employee. Each member's RRSP stays with them if they leave their employer
Tax treatment
Contributions reduce the employee's taxable income; savings grow tax-sheltered until withdrawn
Employer contributions
A tax-deductible business expense, treated as employment income (subject to CPP and EI)
2026 limit
18% of the prior year's earned income, to a maximum of $33,810, shared with any personal RRSP
Pairs well with
A DPSP for vesting and payroll tax savings on the employer match, or a Group TFSA for flexibility
What it costs
Set plan by plan, and can vary based on plan size, the investments offered, and whether an advisor is involved. See our fee transparency guide for what goes into it.

General information only. Rules and limits can change each year; confirm details with your plan specialist.

Questions

Group RRSP questions, answered

Who administers a Group RRSP?

The plan's provider, often called the recordkeeper, administers a Group RRSP: it keeps member records, processes contributions, manages investments and produces statements and tax receipts. For plans on LINK, LINK is the recordkeeper and administrator, while the employer chooses the plan design and runs payroll deductions.

How many employees do you need for a Group RRSP on LINK?

Plans on LINK start at 30 employees, and the same platform scales to thousands of members.

Can a smaller company afford a Group RRSP?

Often, yes. Fees are set plan by plan, and smaller plans may be priced with a blended model: a lower asset-based fee combined with a monthly fee per member and a monthly fee for the plan. Because the monthly fees don't depend on account balances, this can keep a plan practical while balances are still small. A LINK plan specialist can walk you through what would apply to your plan.

Can we move an existing Group RRSP to LINK?

Yes. A dedicated implementation manager reviews your current plan, carries over your plan design and matching formula, and coordinates the transfer with your current provider. LINK covers transfer fees when you migrate from an existing group retirement provider.

Should we pair our Group RRSP with a DPSP?

Many employers do. Directing the employer match to a DPSP removes CPP and EI premiums on those contributions and lets you add vesting of up to two years. LINK administers both together.

Go deeper

Related guides

Employer guide
A Guide to Group RRSPs for Canadian Employers →
Employer guide
How Employer Matching Works: Formulas, Rules, and Best Practices →
Employer guide
Fee Transparency: What Your Group RRSP Really Costs →
Employer guide
Group RRSP vs. DC Pension Plan: Which Should You Offer? →
Other plan types on LINK
DPSPDC pension planLINK MEPPGroup TFSANRSP

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