PayTrak Pension Options
Want to streamline your employees retirement savings options?
Participating in PayTrak Pension means offering your employees the opportunity to participate in a group RRSP savings accounts. It's easy; you set the parameters in adherence with our policy (attached below) and deductions are calculated & deducted on every pay.
Note: Your employees are responsible for monitoring their contributions as per the CRA limits. This amount will vary per employee. Employees can check their contribution limits using the following methods:
- My CRA Account
- MyCRA mobile app
- Tax information Phone Service (TIPS)
- The RRSP Deduction Limit Statement, on your latest notice of assessment or notice of reassessment
Employees can also get their RRSP deduction limit by calling the CRA at 1-800-959-8281.
PayTrak Pension Employee Application