Assignment Instructions/ Description
Image transcription textJain has just started a new job where the benefits package includes participation in a
Group RRSP. Under the terms of the plan, members contribute up to 5% of their
earnings, which is matched 100% by the employer. Jain makes contributions to his
own RRSP when he can, but he's just recently married and bought a new home; so
available cash has been tight and he has consequently missed some years of RRSP
contribution. He is wondering whether he should join his new company's Group
RRSP and has come to you, a financial planner, to provide him with some details on
Group RRSPs in general, and advise him on whether or not he should join the
company plan.
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