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 working 20 hours or more per week are eligible to enrol in the RRSP program on their date of hire.
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. The contribution limit is 18% of your earned income reported on your tax return the previous year, up to the maximum allowed under tax laws (CRA).
Haven’t enrolled yet? No worries. It’s easy to enrol online at Manulife.ca and contribute through automatic payroll deductions.
- Set up your Manulife ID. If you already have you Manulife ID, simply sign in. Otherwise, follow to the instructions on each screen to join.
- Sign up for your plan or plans. Enter your access code and policy number to choose your plan, beneficiaries, and funds. Manulife won't save any of your information until you click Submit.
- Explore your account. Connect to your online account so you can check your total savings and returns, set goals, track your progress, and more.
Need help? The enrollment guide will help you step-by-step.
Accessing your account
Questions about your account or how to process a transaction? Visit Manulife.ca to access your account, contact the Manulife Plan Member Contact Centre at 888-727-7766, or email gromail@manulife.com.