Notifications

Important - Process changes for policies with cash surrender values. Read more!

Close Notifications

WELCOME ADVISOR

SIGN IN

Terms of use


YOU DON'T HAVE AN ADVISOR ACCOUNT WITH US?

Contact Us and get registered with Assumption Life

Our Savings Plans

Explore our flexible group plan options designed to help your clients save for retirement.

Relevant Documents

Group RRSPThe Assumption Life group RRSP allows participants to save for retirement by contributing to an RRSP through payroll deductions.
Businesses that wish to help their employees build their savings can do so with a Group Savings Plan. This flexible program lets the employer and employees contribute to a savings plan through payroll deductions. With a choice of several segregated funds and guaranteed interest accounts, each participant can determine an investment strategy that will help meet his or her needs. You will also have access to renowned fund managers through a single Assumption Life account.

Plan features
  • Wide selection of investments.
  • Both employer and employee may contribute.
  • Contributions are tax-deductible.
  • Each employee chooses his own investment strategy.
  • Option to reduce income tax withheld at source.
Relevant Documents
Group TFSANever pay taxes on your dividends, capital gains or other revenue generated by your investments.
Assumption Life’s tax-free savings account (TFSA) allows you to invest up to $5,500 per year in our investment funds and guaranteed interest accounts, without ever paying a penny in taxes on interest, dividends, capital gains or other revenue generated by your investments.

 Plan Features
  • Unused contribution room can be carried forward indefinitely.
  • You can return the full value of any withdrawals from your TFSA in future years.
  • Neither earned income nor withdrawals affect the Old Age Security, the Guaranteed Income Supplement or the Canada Child Tax Benefit.
  • You can withdraw savings from your TFSA at any time.
Relevant Documents

Our Pension Plans

Assumption Life also offers customized defined contribution (DC) and defined benefit (DB) plans to meet the needs of large businesses. Our knowledgeable experts offer strategic advice on developing a customized, flexible retirement plan to help you and your employees achieve financial security. 

Your participation as well as your employees’ membership is on an entirely voluntary basis.

 
Relevant Documents

The Assumption Life AdvantageDealing with Assumption Life has its perks!
  • Plan administration.
  • Assistance in setting up a retirement committee.
  • Local expertise.
  • Actuarial and consulting services (assets and liabilities).
  • Legal expertise.
  • Defined contribution plans.
  • Defined benefit plans.
  • Personal Pension Plan.
Defined Contribution & Defined Benefit Pension PlansFlexible retirement plans to help you and your employees achieve financial security.

Assumption Life’s knowledgeable experts offer strategic advice on developing a customized defined contribution (DC) or defined benefit (DB) retirement plan so that you and your employees can save to achieve the desired financial security.  

We provide: 

  • In-house plan administration.
  • Assistance in setting up a retirement committee.
  • Diversified selection of investment options.
  • Actuarial and consulting services.
  • Legal expertise.
Relevant Documents
Multiemployer Pension PlanOur Multiemployer Pension Plan is unique in Canada!
Available in New Brunswick and in Nova Scotia, it offers your employees a contributory pension plan in which both employer and employee participate. The Multiemployer pension plan is a defined contribution plan whose employer and employee contributions are known. Employees may join on a voluntary basis.
The Assumption Life Multiemployer Pension Plan enhances an SME's chances of gaining employee loyalty and providing an additional lifetime retirement income to supplement government retirement programs and personal savings.
 
The Multiemployer Plan benefits:
The Assumption Life Multiemployer Pension Plan enhances an SME's chances of gaining employee loyalty and providing an additional lifetime retirement income to supplement government retirement programs and personal savings. In addition, this pension plan:
  • Reduces per-employee administrative fees
  • Offers access to a competitive retirement plan
  • Creates a key benefit for employees
  • Increases employee motivation and loyalty to your company
  • Assists your recruiting efforts
  • Helps attract qualified, highly skilled employees
  • Eases your tax burden
Relevant Documents
Personal Pension Plan™ (PPP®)
The Personal Pension Plan™ (PPP®) is a pension solution for Canadian business owners. It offers greater flexibility and savings potential than other retirement savings methods like RRSPs and Individual Pension Plans (IPPs).

Who can benefit?
  • Business Owners
  • Franchisees
  • Incorporated Professionals
To learn more: ppp@assumption.ca
 
Relevant Documents