Start Small, Grow Big

Before you know it, you have a strong foundation for your retirement income. Whether you’re saving for retirement – or maybe other shorter-term financial goals such as education or buying your first home – CEIRP is committed to providing a diverse selection of plan options and investment choices, to help you make the most of your money.

Contributions and Payroll Deductions

Contributions to CEIRP may be made by your employer/producer, or voluntarily by you through payroll deductions.

Contributions are processed in-house by payroll through your local, guild, employer or third-party administrator. The money is sent to Canada Life where it is allocated to your account as per your investment instructions. And, if you are a member working outside of your jurisdiction, CEIRP’s design allows payroll contributions to make it into your account in a timely manner.

Your investment choices are offered through Canada Life and are carefully monitored by the CEIRP Committee and our advisors.

Only you can know your current financial situation and obligations. And only you can make your dreams a reality. It all depends on the choices you make and the actions you take (or don’t take, for that matter).

Where CEIRP Comes In

Plan options

There are different types of plans – and for good reason. Together, they give you a variety of tax-advantaged opportunities to help you build your savings into a retirement nest-egg. For your convenience, our plan provider, Canada Life, has compiled a glossary of investment terms. Canada Life also has a free website full of information, calculators and more. Click here to visit Smart Path.

Important Note: 

  • Before making plan contributions or withdrawals, we highly recommend that you consider the tax implications of the decisions you make – short-term and long-term.
  • In particular, RRSP withdrawals can really hurt you down the road. Once you use your RRSP room, it’s gone for good – unless it’s used for the government-approved Home Buyers’ and Lifelong Learning plans. If you are looking to park money for reasons other than retirement, the TFSA or NRSP may be better options to consider.

If you have additional questions but aren’t sure who to ask, visit our Contact Us page and scroll to the bottom for all the details.

Here are your plan options. Click each one to learn how they work and to gain some tax tips:

And at retirement: