Common Wealth launches Canada’s first digital retirement plan for life
NEWS RELEASE Making retirement planning easier and more affordable for all Canadians Toronto, Canada – June 15, 2021 – Common Wealth has launched a technology-enabled
Save more. Retire happy.
Common Wealth offers an award-winning digital retirement platform that helps Canadians achieve their retirement goals.
Putting your retirement needs first
We’ve created Canada’s first low-fee, group RRSP/TFSA retirement plan that supports you for life. We make it easy to plan, save, and build a reliable retirement income – so you can feel confident about your financial future.
RETIREMENT CALCULATOR
Forecast your future
Low fees have a significant impact on your retirement savings. Use our retirement calculator to find out how much you’ll need to save to achieve your goals.
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A plan that grows with you
Supporting every stage of your retirement journey
Our goal is to help you save more during your working years. Our plans help you track personal and workplace RRSP and TFSA contributions, and estimates what you can expect from government benefits when you retire.
Once you join a plan through your employer, you keep it for life – job to job and into retirement.
Innovative technology
We've made saving and investing easy
Our user-friendly digital retirement plan makes it easy for employees of any income level to save for their future, with automatic investing that can grow their savings in a well-balanced, diversified portfolio.
Best of all, we’ll show you how to maximize government benefits such as CPP, OAS, and GIS. When you’re ready to retire, we’ll help you make the right decisions so you get the most out of every dollar.
Improve your team’s financial well-being
Enhance your employee group benefit offering with Common Wealth
From the Blog
Simplified Investing with Target Date Funds
A Common Sense Approach to Retirement Investments Common Wealth automatically puts plan members’ money to work in a professionally managed BlackRock LifePath® target date fund.
Setting the right target retirement income for you
When you’re planning for retirement, a question you must address is how much income you will need in retirement: your “target retirement income.” There are
Start a Plan and Start Saving
Employees can set up a personalized plan in about 20 minutes that lets them customize their savings strategy with monthly income goals and then track their growth with our user-friendly dashboard.
Personalized Planning
Our plans suggest how much to save and automatically adjust your retirement goals and recommendations when there are changes to your contributions or income.
Simplified Investing
We’ve made investing easy by matching you to an age-appropriate fund, delivered by world-class asset managers that specialize in investing for retirement.
Smart Saving
We’ve taken the guesswork out of retirement with in-app suggestions that help you decide when to save to an RRSP and TFSA, so you can minimize taxes and maximize your savings.
Low Fees
Common Wealth offers an affordable plan. With no hidden fees or commissions, you’ll pay up to 70% less than most Canadians to build a right-sized retirement nest egg.
75% of Canadians are worried they won’t have enough money for retirement
HOOPP – Healthcare of Ontario Pension Plan
Canadian Retirement Survey
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