Shoreline is a Canadian Employer of Record (EOR) that makes it simple for companies to hire, pay, and manage Canadian talent — without setting up a local entity. We handle payroll, compliance, government remittances, and benefits administration so you can focus on building your team.
Shoreline offers a Group Registered Retirement Savings Plan (RRSP) through Common Wealth, giving your Canadian employees access to institutional-grade retirement benefits at group rates — a benefit that's increasingly expected by Canadian professionals and a powerful retention tool.
Individual RRSPs in Canada typically charge 1.3%+ in management fees. Through Shoreline's group purchasing power, your employees get access to the same institutional-quality investment options at a fraction of the cost — saving 50%+ on fees compared to going it alone.
For US employers, think of this as the Canadian equivalent of a 401(k) match. It's tax-advantaged for the employee and a strong signal that you're a competitive employer in the Canadian market.
| Detail | Cost |
|---|---|
| Per employee | $90/month |
| Billing | Added to your Shoreline invoice monthly |
| Payment terms | Net 30 days |
| Sign up | Select the Group Investment Plan top-up in the Shoreline portal |
Fund management fees range from 0.45% – 1.25% annually depending on the employee's fund selection — significantly lower than the 1.3%+ typical of individual RRSPs. All fees are transparently disclosed in fund fact sheets provided to employees.
You have full flexibility in setting your contribution level. Matching is optional but strongly recommended — it's one of the most effective retention levers in the Canadian market.
Common matching structures:
| Match Level | How It Works |
|---|---|
| 15% | Employer contributes 15¢ for every $1 the employee contributes |
| 20% | Employer contributes 20¢ for every $1 the employee contributes |
| 25% | Employer contributes 25¢ for every $1 the employee contributes |
| 50% | Employer contributes 50¢ for every $1 the employee contributes |
| Custom | Design a matching formula that fits your budget and retention goals |
Employer matching can be capped at a specific dollar amount or percentage of salary — you control the ceiling.
Shoreline now supports tiered contribution matching, which is common among competitive employers who want to reward tenure and loyalty. Tiered structures increase the employer match as employees hit milestones.