As an RBC employee, once eligible, you may participate in the RBC Retirement and Savings programs, which together with your salary and incentive programs provide a compensation package that is one of the most comprehensive in Canada.
Use this quick and guided, step by step process to enrol in the programs and start making the most of what RBC has to offer.
STEP 1 - Learn about your plan in just a few minutes
Before you enrol, we encourage you to learn about the programs to help you make informed decisions about your savings goals. If you would like investment advice, we encourage you to discuss your personal situation with a qualified financial advisor of your choosing.
STEP 2 - Enrol in your plan in just a few clicks
Select ENROL NOW and complete the following steps:
1. Select Register under NEW USERS/REGISTRATION and follow the guided process to sign in (or enter your login information if you have already registered with Sun Life). To register you will need to select the product ‘Employer investments and savings” and also enter your account number. Your account number will be 06211 plus the first 8 digits of your employee ID. For example, your account number would be 0621156894526 if your employee ID is 568945263.
2. After successfully completing registration, you will be taken to the Sun Life member website. Click on Enrol to begin saving as soon as you’re eligible, with initial elections chosen by RBC.
3. You can update your contribution, investment and beneficiary selections within the Enrol flow.
RBC Retirement (Pension) Program
- Receive an automatic contribution from RBC, up to plan limit
- Make contributions through payroll deductions and receive a matching contribution from RBC based on your membership up to plan limits
- Choose how to invest your money from a range of professionally managed funds
RBC Savings Program
- Through a non-registered Employee Savings Plan (ESP), a Registered Retirement Savings Plan (RRSP) and/or a Tax-Free Savings Account (TFSA), you can supplement your retirement savings or save for short-terms goals
- Make contributions through payroll deductions and receive a matching contribution from RBC, up to plan limits
- Choose how to invest your money from a range of professionally managed funds and RBC shares
STEP 3 - Manage your plan
Once enrolled, remember to review your plan regularly through mysunlife.ca – since situations and savings objectives can change through different phases in life. This may include updating your payroll contributions, investments, and your beneficiary designation(s).