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ATTENTION - Until further notice, Hubbard Insurance Group will be working remotely from home offices. We will all be available through regular avenues of phone and email; however, we are eliminating in person meetings.

 


Group Registered Retirement Savings Plans (RRSPs)

WELL ADVISED, WELL PROTECTEDTM.

Establishing a Group RRSP is a benefit that attracts and retains employees, even more so if you contribute as a bonus to your employees.

(905 696-9090)

Saving for retirement should not be an afterthought. Monthly contribution is one of the best ways to ensure saving for retirement is not left to the last minute.  A simple and effective solution is regular payments throughout the year through a company Group RRSP.

What makes this so simple? Financial contributions are made as a deduction off the employees pay cheque automatically each pay period and they are directed to a plan your company has set up. In many cases, companies will also contribute. The form and type of employer contribution can vary. For example, the employer can pay a certain percentage of contributions based on the length of employment or the contribution limit may change annually based on the company performance. Even if you can only contribute $20 per week, a $20 match is a welcome bonus to employees!

Advantages for the Employer

Establishing a Group RRSP is a benefit that attracts and retains employees, even more so if you contribute as a bonus to your employees. The group RRSP has advantages over a formal pension plan in terms of cost and administration, or it can complement it. It is good to note as well, you as the employer are not liable for guaranteeing a specific amount of income when an employee retires. They are easy to set up and administer as the bulk of the work is carried out by the Group RRSP provider.

Advantages for the Employee

 As an employee you want to sign up for the Group RRSP offering. Group RRSP contributions are deducted at source and you are NOT taxed on these contributions. In other words, you get an immediate tax deduction! As well the deduction from your pay cheque is immediate and you have no worries of managing that piece of your finances. Most employees claim they don’t even feel the deduction on their pocket book.

Your employers may also contribute to the group RRSP by matching contributions by a certain percentage. This earns you an additional percent on your investments and much appreciated bonus! There may also be the option for spousal contributions. When you make a contribution to the Group RRSP there is no question about who owns the contribution. You own it and you can do whatever you want with it – transfer it, redeem it, add to it. Most companies have a lower minimum contribution limit for their group plans than individual plans, some as low as $25 per pay.

At Hubbard Insurance Group, we have the skills and knowledge to advise you on your Employee Benefit Program, keeping you informed of changes in government policies and regulations as well as changes in the insurance marketplace. We take this all into consideration to optimize the use of your benefit program dollars.

View a list of all our Benefit Providers.

Contact one of our Benefits Specialists today and let’s get working with you! Email us at better@hubbardinsurance.com or call 905.696.9090 where you’ll be “Well Advised. Well ProtectedTM.”
Alternatively fill out the Get a Quote form and we will contact you as soon as possible.

Fill out our Get A Quote form and we will begin working on it right away!

Other Insurance Coverage to Consider

GENERAL BUSINESS INSURANCE

Protect your business property and assets as well as your reputation from lawsuits, accidents and more.

Learn more

DIRECTORS & OFFICERS INSURANCE

Coverage for Directors & Officers protecting themselves and their organizations reputations from allegations of negligent acts.

Learn more

EMPLOYEE BENEFITS

You want more than just drug and dental benefits coverage. We offer you more unique tailored benefits for your business and employees.

Learn more

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Group Benefits/Life Insurance

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Recently, I had the misfortune of having my car stolen, along with many personal belongings inside. I wanted to thank your team for all the help and support throughout my ordeal. I was so relieved to have you guys on "my side" and working with me during the claims process.
-Brent K.
Just a quick note to express our gratitude to you and your staff on a job well done. It is nice to know that when the chips are down we can count on your company to back us up.
-Robert E., Ontor Ltd.
Not only did they put me back on track with a very competitive rate for both my cars, both my boats and my home, she was able to undo the damage the other broker had managed to do in record time.
My heartfelt thanks to Hubbard Insurance Brokers!
-Doug D.
As you know, we have had our business & personal insurance through your office for over 10 years. I just thought you would like to hear that we have been extremely pleased with the work yourself and your team have done for us.
-Carlo F.
Customer service is exceptional, they always answer any questions right away and go out of their way to make sure you're happy. Without a doubt they source the best possible price. I highly recommend Hubbard Insurance Group!
-Rose P
Selecting this team of professionals at Hubbard Insurance Group to handle all my business policies, gives me the peace of mind I require to focus and grow my business.
-George P, GasGuys.ca
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Hubbard Insurance Group
55 Superior Blvd. Unit #200 
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