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Group Registered Retirement Savings Plan

The TMU Group RRSPs is available to TMU employees as a method to save additional money for retirement based on your own personal situation.


All CUPE 3904 part-time instructors are eligible to enrol in the Group RRSP.

Advantages of the Group RRSP

Contributions are tax deductible and the investment or interest income is tax sheltered, meaning you do not have to pay tax on the income you contribute to an RRSP, nor on the income generated by the RRSP.

Some advantages of the Group RRSP include:

  • Payroll deductions make savings easier
  • Lower investment management fees
  • Access to fund managers that may not be available to individuals
  • Minimum contribution of $10/pay means you can control your saving plan
  • Receive tax contributions without waiting until you file your tax return with the Canada Revenue Agency (CRA). For example, if you earn $1000 per pay and you make a $100 RRSP contribution, you will only be taxed on $900 of income.

For more information

 (PDF file) Group Retirement Savings Plan CUPE 3904

 (PDF file) Your enrolment guide

TMU reserves the right as sponsor of the TMU Pension Plan to amend the plan from time to time either in accordance with applicable legislation, or when deemed warranted by the University.