Michaels is here to help you create your retirement nest egg! There are two plans to help you save.
Registered Retirement Savings Plan (RRSP)
The Canada Revenue Agency (CRA) will be sending you a “Notice of Assessment” that will inform you of your RRSP maximum contribution limit for the current year. It is your responsibility to ensure you do not make contributions in excess of the maximum amounts.
Deferred Profit Sharing Plan (DPSP)
For every $1 you save in your RRSP account, Michaels will match 50 cents, up to 3%. The money from Michaels is yours to keep after two years of membership in the Plan (you are entitled to half of the contributions in your DPSP account after your first year of membership). You are eligible after three months of service. (Full-Time Team Members Only)
Not sure where to begin?
Investing your dollars can be intimidating. Check out the Investor Strategy and Portfolio Option Worksheet to figure out what type of investor you are.
If you have questions about the plan, learn more by visiting Manulife Financial at www.manulife.ca or calling them directly at 1-888-727-7766.
