Today in Canada over $30 billion is spend each year on prescription medications A Payroll Deduction Registered Retirement Savings Plan (GRRSP) can be an important component of your total employee benefits package. It's an ideal, low-cost way to encourage your employees to prepare for eventual retirement. A Payroll Deduction RRSP is simply a collection of individual RRSPs, where routine administration is centralized and members benefit from convenience and other advantages of regular monthly or bi-weekly payroll deductions