Retirement Savings

Retirement Savings

FBM allows you to save for your future retirement through the Registered Retirement Savings Plan (RRSP) offered through Sun Life. Below are some of the highlights of an RRSP:

  • Allows you to set aside a portion of your paycheck and invest in a variety of financial products like Mutual Funds, ETF’s, Stocks, Bonds, etc.
  • Pre-tax deductions lower your taxable income for the current plan year, thus lowering your tax liability.
  • Your contributions and investments grow tax-free in your account until it is time for you to withdraw them.
Eligibility FBM Match Vesting

All employees can start contributing to the RRSP after completing 3 months of employment with FBM

FBM matches up to 3% of your contributions after you’ve completed 6 months of employment with FBM

Both your contributions and FBM matching contributions are vested immediately. This means that you get to keep both your contributions and FBM contributions if you choose to retire or leave FBM

For the 2026 plan year, you can contribute up to a maximum of $33,810 or 18% of your earned income during the 2025 plan year, whichever amount is less plus unused contributions from previous years.

Please go to sunlife.ca/en/investments/rrsp to learn more about RRSP contribution limits and many other benefits associated with this type of retirement account. Please reference the flyers under the Plan Summaries section in order to learn more about your RRSP.

Contact

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Sun Life

(866) 733-8612
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