Equiflash Archive

It is not too late for Equity members to make voluntary RRSP contributions to increase deductions from your 2020 income tax.

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Contributions for 2020 must be made on or before March 1, 2021. Cheques must be made payable to Canada Life and a members name and certificate number must be clearly marked on the front of your cheque.

Faster method: You can also make your contribution using your personal banking website or app. To make a contribution using this method, log into your personal bank account, search for and select 'Great-West Group RRSP' (Canada Life) as the payee and enter our plan number (61409) and your certificate number as the 'account number' (e.g. 61409XXXXXXX).

If you need assistance, please contact Canada Life Access Line at 1-800-724-3402 or contact membership@caea.com for more information.

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Below are some additional resources provided by Canada Life:
Your group RRSP is a smart way to save – you get tax relief because your contributions are deducted from your income each year and your savings grow tax-free until they’re withdrawn. When you save in your group RRSP, you can also benefit from fees that are typically lower than retail.

Video 1: Learn how a group RSP is different than an individual RSP.
Video 2: How lower group plan fees can help you grow your savings faster.
Learn more: Find out what to know, where to go and things to keep in mind when it comes to Group RRSPs.

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Visit www.caea.com and the COVID-19 Advocacy and Resources page for Equity's current updates on the COVID-19 pandemic.

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