Perks · Retirement and investing

Help your Canadian team save for retirement.

A Group RRSP through Common Wealth, the Canadian equivalent of a 401(k) match. Employees invest at group rates through payroll deductions, and you choose whether and how much to match.

Add a Group RRSP See how it works

Group RRSPOpt-in

$90per employee per month

.Employer matching: optional, flat or tiered, with a cap you set
.Tax-advantaged: contributions reduce the employee's taxable income
.Payroll deductions: set up and run by Shoreline
.Provider: Common Wealth

Retirement plan · Group RRSP

The Canadian equivalent of a 401(k) match.

Shoreline offers a Group Registered Retirement Savings Plan (RRSP) through Common Wealth. Your Canadian employees get institutional-grade retirement investing at group rates, tax-advantaged for them and a strong signal that you're a competitive employer.

Individual RRSPs in Canada typically charge 1.3%+ in management fees. Group fund fees run 0.45% to 1.25% a year depending on the funds each employee picks, all disclosed in fund fact sheets.

Group Investment PlanCommon Wealth

$90per employee per month

.Billing: added to your Shoreline invoice monthly, net 30
.Fund fees: 0.45% to 1.25% a year, vs 1.3%+ for typical individual RRSPs
.Sign-up: select the Group Investment Plan in the Shoreline portal
.Administration: enrollment, deductions, remittances and reporting handled by Shoreline

Employer matching

See what a match costs.

Matching is optional but one of the most effective retention levers in Canada. Pick a level, or design a custom formula, and cap it at a dollar amount or a share of salary.

15% match 20% match 25% match 50% match

Employee contribution: $500 per month

Your match$125per month · $1,500 a year

Into the employee's RRSP$7,500a year, contribution plus match

Illustrative. Employer matching counts toward the employee's RRSP room.

Tiered contributions

Reward tenure with a rising match.

Increase the match as employees hit milestones. Tier by tenure, salary band, role level or any criteria you choose; Shoreline applies the tiers automatically.

0–1 year15% match

1–3 years25% match

3–5 years35% match

5+ years50% match

Example of a tenure-based tiered match.

Contribution limits

Set annually by the Canada Revenue Agency: 18% of the employee's prior-year earned income, up to an annual maximum. Unused room carries forward indefinitely. Over-contributions of more than $2,000 carry a 1% monthly penalty on the excess.

2025$32,490

2026$33,810

2027$35,390

CRA reference on RRSP limits

Getting started

1Set your matching structure, flat or tiered, and any caps.
2Activate the Group RRSP for your team.
3Employees get enrollment invitations and choose their funds and contribution amounts.
4Payroll deductions and employer matching begin on the next pay cycle.

Employees can change their contribution at any time in the Shoreline portal.

FAQ

Retirement plan questions

How much does the Group RRSP cost?

$90 per employee per month, added to your Shoreline invoice with net 30 terms. Fund management fees of 0.45% to 1.25% a year depend on each employee's fund selection.

Do we have to match employee RRSP contributions?

No. Matching is optional. You can choose a flat match (15%, 20%, 25%, 50% or custom), a tiered match that rises with tenure or other criteria, and cap it at a dollar amount or a share of salary.

How do we opt in?

Reach out to your Shoreline account manager, or select the Group Investment Plan in the Shoreline portal. Employees can change their contribution at any time.

Perks · Health benefitsGroup benefits, $220 a month.See health benefits →Perks · Home equipmentKit sourced and shipped, from $20 a month.See home equipment →

Get started

Add a Group RRSP for your Canadian team.

Set up the plan, choose your match, and Shoreline runs the payroll deductions.

Talk to Shoreline See health benefits