If you joined SunAdvantage my savings before September 16, 2024, you can find materials relevant to your plan by clicking the link at the bottom of this page.
SunAdvantage™ my savings is designed for businesses owners and entrepreneurs. It’s an excellent addition to the total compensation offering that provides your employees with a convenient savings program while you gain a key competitive advantage in attracting and retaining talent.
SunAdvantage™ my savings offers:
- tax-efficient savings opportunities for employees, along with
- simplicity and level of service that requires little time to administer the plan.
Spend more time growing your business and less time with administrative hassles. With SunAdvantage™ my savings it’s possible!
Click on the button below to take the first step towards an attractive addition to the total benefits package you offer your employees:
IMPORTANT: The advisor of record must hold a valid life insurance license in the province or territory where the group Client’s authorized decision-maker is located (typically the location of the Client’s head office). For Quebec Clients, the advisor must also hold a “Group Insurance Plans”, “Group Annuity Plans” or “Group Insurance of Persons” certificate issued by the l’Autorité des marchés financiers (AMF), as the case may be.
IMPORTANT REMINDER – Quebec Sun Life advisors:
In accordance with Quebec's regulation respecting the pursuit of activities as a representative, advisors offering group annuity products or services to a Client (plan sponsor) must provide a mandate setting out in writing the nature and scope of the products and services being offered to the Client. This obligation includes a product suitability assessment by way of a needs analysis. Recommendation(s) must be provided to the Client based on the advisor's assessment in relation to this Client's needs.
The following documents and information must be provided to the Client prior to the submission of the SunAdvantage my savings application and retained in the Client file:
- Mandate,
- Needs analysis (product comparison), and
- Recommendation(s)
Note: Procedures and templates related to the ‘mandate' are available on AdvisorHub for Sun Life advisors.
Prospecting & introduction tools
Guides
- Plan administration guide for small business owners (RRSP, DPSP & TFSA)
- Plan administration guide for small business owners (RRSP & TFSA)
- Governance framework
- Investment options/Rates of return
- Contribution Guide
- Microsoft® Excel Contribution Guide
- Pre-Authorized Withdrawal Guide
- Sponsor Business Centre Contact Sheet
Contracts
An employer, who wants to establish a SunAdvantage my savings plan for their employees, must review the applicable contract documents below and complete and submit the application online.
- RRSP group annuity policy (Police de rente collective – REER)
- RRSP plan text (Texte du régime – REER)
- DPSP group annuity policy (Police de rente collective – RPDB)
- DPSP plan text (Texte du régime – RPDB)
- DPSP trust agreement (Convention de fiducie – RPDB)
- TFSA group annuity policy (Police de rente collective – CELI)
- TFSA plan text (Texte du régime – CELI)
- RRSP/DPSP/TFSA service and fee agreement (Entente sur les frais et services – REER/RPDB/CELI)
- RRSP/TFSA service and fee agreement (Entente sur les frais et services – REER/CELI)