How do I enrol into the Savings Program?

Shortly after joining GHD, benefit eligible employees will receive a welcome email from Sun Life with online enrolment instructions. From here, start by registering through Sun Life: https://www.sunnet.sunlife.com/signin/mysunlife/home.wca. You can follow the detailed enrolment instructions here. If you are unable to register or have not received your welcome email, please reach out to GHDsavings@wagnerlivock.com and we will be happy to assist.

How much do I contribute?

Regular contributions are made by payroll deduction. You may change your contributions at any time by logging into your Sun Life portal, and updating your election. You may also make a lump sum contribution at any time by sending a cheque to Sun Life or online by visiting mysunlife.ca.

What type of accounts are available?

• Group registered retirement savings plan (Group RRSP)

• Group spousal registered retirement savings plan (Group SRSP)

• Tax-free savings account plan (TFSA)

• Non-registered savings plan (NREG)
  

Does GHD match contributions?

The Company will match your regular contributions to the Group RRSP (or Spousal RRSP) or the NREG, to a total combined maximum of 3.5% of your Earnings (base employment compensation). Company contributions are reported to you as income and are considered to be contributions made by you for the purposes of the Income Tax Act (Canada) but will be offset by a tax receipt in your name.

Can I consolidate my other savings?

Yes, the GHD savings program allows members to consolidate other applicable assets into this plan. To do so, our advisors (Wagner, Livock & Associates) would be able to assist. Please email us: GHDsavings@wagnerlivock.com.

What are the investment options?

Wagner, Livock & Associates regularly evaluates the performance and merits with global institutional fund managers, to provide a competitive and robust shelf of investment options. The GHD savings program offers 43 unique market-based and 5 interest-bearing investments, which include passive-index and active-managed options. For more details, please see the MySavingsGuide document or you can access the fund details through your Sun Life online portal.

What if I change my jurisdiction while employed with GHD?

We will receive a notification from GHD that you will be working for the company in another jurisdiction, outside of Canada. WLA will then reach out to you to review your options pertaining to the GHD Holdings (Canada) Inc. Group Savings Plan.

Are there investment fees?

Market based investments are negotiated on behalf of GHD by leveraging collective assets to provide GHD members with exceptionally competitive fees. This program offers significant fee savings compared to other similar investment options. The program also offers enhanced rates for GICs.

What happens to my savings if I separate from GHD?

Upon “separation” (separation from GHD, retirement, or death), you will receive an email from Sun Life and WLA, outlining options and next steps. In short, you will have full access of all contribution sources from your GHD savings plan. You can withdraw assets to cash (withholding taxes may apply per Canada Revenue Agency - CRA rules), or transfer assets out to another applicable savings plan (group or individual).

Can I make a withdrawal while active with GHD?

GHD restricts withdrawing “member required” and “company matched” contributions while active with GHD. If the withdrawal is for a qualified Home Buyers Plan (HBP) or Lifelong Learning Plan (LLP), there will be no restrictions to withdrawals (applicable forms and approval from GHD & WLA will be required).

*FAQ Disclaimer

Please note that this information is provided for your reference. The official Sun Life GHD Group Savings Plan booklet and your employment contract with GHD take precedence over any conflicting or incorrect information.