Contributing to a group retirement program is an easy way to build savings for your retirement. This tool helps you
calculate how much to contribute so you can take full advantage of the benefits of your group retirement program.
3.How much and how often do you contribute to your group retirement program?
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From employer contributionsFrom your contributions
From your contributions
From employer contributions
Saving even more
can make a big difference to your future retirement income. See how small increases can help you benefit.
The fees offered through a group retirement program (called Investment Management Fees) are typically lower than those
offered through a retail financial institution. Save through your group program to take full advantage of these
Saving through your group retirement program gives you access to some of the world’s leading fund managers and their
funds. Many of these funds aren’t available to individual investors.
Growth you realize in Registered Retirement Savings Plans (RRSPs), Deferred Profit Sharing Plans (DPSPs) or Registered
Pension Plans (RPPs) occur in a tax-sheltered environment until you withdraw your savings to purchase retirement
Contributions to registered plans are subject to a maximum amount set by the Canada Revenue Agency (CRA) for each plan
type. You are responsible for ensuring you do not exceed your personal contribution limit. Please refer to the CRA
website www.cra-arc.gc.ca for more information.
Ready to contribute to the max?
Contact Manulife by phone at 1-888-727-7766 or by email at email@example.com.
How much are you paid (before deductions) and how often are you paid?
This is the amount you get paid before taxes and other deductions are subtracted.
Weekly – 52 pays per year
Every two weeks – 26 pays per year
Twice a month – 24 pays per year
Monthly – 12 pays per year
Annually – 1 pay per year
How much and how often do you contribute to your group retirement program?
This is the amount you contribute to your group retirement program on a monthly or annual basis.
Pick a dollar amount or a percentage of your pay and select how often you make your contributions.
How much of your contributions to your group retirement program are matched by your employer?
When your employer matches the contributions you make to your group retirement program, these are called matching contributions.
Choose the percentage of your contributions that are matched by your employer. If the percentage is not listed in the dropdown menu,
select the 'other' option and enter the amount.
Disclaimer concerning the estimate provided in this calculator
This calculator provides an illustration of possible savings scenarios, not a guarantee of future savings or retirement
income. The rates of return and dollar figures displayed are not guaranteed. Retirement savings may last for longer or shorter
durations, depending on market conditions and how much income is withdrawn.
It's important to review your retirement plan
periodically to ensure you are on track to meet your goals. Contribution amounts may be subject to plan provisions and/or legislative
requirements. Neither Manulife nor any of its agents, employees, or representatives is providing legal, tax, or investment advice with
the display of this estimate.