Retirement plan

What you need to know

The PayPal Group Registered Retirement Savings Plan (RRSP) is one of the easiest ways to save tax-free dollars for retirement — and get free money from PayPal too!

How the plan works

Employees are eligible to enrol in the RRSP program effective their date of hire (for employees working 20 or more hours per week).

You contribute up to your RRSP deduction limit, set by the Canada Revenue Agency. PayPal also matches 100% of your contribution, up to 4% of annual base earnings.

In 2024, the contribution limit is 18% of earned income you reported on your tax return in the previous year, up to the maximum allowed under tax laws (CRA).

It’s easy to enrol online at and contribute through automatic payroll deductions. Haven’t enrolled yet? No worries. Once on the Manulife site, click My Group Retirement or VIP Room, then enter your user ID and password (Manulife sent your user ID and password information via e-mail shortly after you were hired). Contact Manulife if you need help accessing your account.

Contributions can be changed at any time. And you choose how you would like to invest your money. Select à la carte from different funds offered in the plan, or choose one of the Avenue Portfolios to make your decision easier. You can also make voluntary and spousal elections.

Once you enrol, you’ll have access to innovative tools and services to reach your investment goals and improve your financial wellness.

Accessing your account

Questions about your account or how to process a transaction? Visit to access your account, or contact the Manulife Plan Member Contact Centre at 800-242-1704 or

Provider contact information