Plan types

​​To choose the right group retirement savings plan, the first step is determining the needs of your business and your employees.1

Your needs

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Key features of six group retirement savings plans

You want to...	RRSP	DPSP	SPP	DCPP	TFSA	VRSP
make contributions to your employees’ pension plan
lock in funds until retirement	—Not included	—Not included			—Not included
increase your contribution when an employee increases his or hers		—Not included				—Not included
make contributions only if your company makes a profit	—Not included		—Not included	—Not included	—Not included	—Not included
adjust your contributions based on employee performance	—Not included		—Not included	—Not included	—Not included	—Not included
give your employees immediate ownership rights to your contributions