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RRSP+
>VRSP

Offering the RRSP+ to your employees is an even better option than the VRSP.

Does your business need to comply with the VRSP Act? With the Fonds' RRSP+, your employees can contribute directly by payroll deduction.

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learn more about RRSP+

DOES IT APPLY TO YOU?

Need a quick run-down on what a VRSP is?

VRSP at a glance

Need to check whether the VRSP applies to you?

FIND OUT

Calculate your payroll deductions

CALCULATE

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to sign up for the RRSP+

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BENEFITS FOR YOUR BUSINESS AND YOUR EMPLOYEES

TAX SAVINGS OF 30%

Fonds shareholders are granted tax credits of 15% at the federal level and 15% at the provincial level.

SUPPORT SERVICE

Reference guides, telephone support and, if required, meetings with your employees.

PAYROLL DEDUCTIONS

Makes it possible for your employees to contribute automatically through payroll deductions. Nearly 25,000 workers have already signed up to the payroll deduction!

SUPPORT QUEBEC'S ECONOMY

More than 6,500 Quebec businesses currently contribute to the Quebec economy by offering the RRSP+ via payroll deduction.

THE RRSP+ IS YOUR BEST OPTION

COMPARISON TABLE RRSP+ RRSP
VRSP
ADVANTAGES FOR YOUR BUSINESS
A quick option to set up compris compris non compris
A free and easy option adapted to your payroll process compris non compris non compris
The employer's contribution isn't recorded in the aggregate payroll compris non compris compris
The employee benefits from an additional 30% in tax savings derived from the employer's contribution compris non compris non compris
YOUR EMPLOYEES
Get tax savings of 30% on each paycheck compris non compris non compris
Can choose their payroll deduction amount themselves compris compris compris
Can modify their payroll deduction amount or stop contributing at any time compris compris non compris

READY TO IMPLEMENT OUR SOLUTION?

By opting for the Fonds, you're exempted from having to set up a VRSP!

ENROLL ONLINE
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Still undecided ?

Our agents are standing by to answer any questions you may have or to help you with the set-up.

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Frequently Asked Questions

I already offer the Fonds RRSP through payroll deduction. Do I still need to set up a VRSP?

No If you already offer your employees the option of contributing to the Fonds RRSP through payroll deduction, you do not have to set up a VRSP in your workplace.

Only employers who do not already offer a registered retirement plan or the possibility of contributing to a registered retirement savings plan or a tax-free savings account (TFSA) through payroll deduction are required to do so.

Are there certain conditions in the Voluntary Retirement Savings Plan Act that I must respect if I offer the Fonds RRSP with payroll deduction instead of a VRSP?

Yes. There are three simple requirements:

- Let your employees know you offer the Fonds' payroll deduction RRSP+ as an alternative to the VRSP.

-Register the employees who want to contribute to a Fonds RSSP.

-Keep a copy of employees' confirmations in your files.

What is the deadline for communicating the information to my employees?

The deadlines are set out in the Act and depend on how many employees you have.

Deadlines
20 employees or more: December 31, 2016
10 to 19 employees: December 31, 2017
5 to 9 employees: by a date set by the government that may not be prior to January 1, 2018
Less than 5 employees: on a voluntary basis

Do employees who wish to opt out of the Fonds RRSP have to indicate their intention in writing?

Yes, the Commission des normes du travail recommends that you document pension plan opt-outs.

Are employer contributions to the Fonds RRSP locked like they are with a VRSP?

No. The accumulated amounts are subject to the same redemption and purchase-by-agreement conditions as employee contributions.

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READY TO IMPLEMENT OUR SOLUTION?

By opting for the Fonds, you're exempted from having to set up a VRSP!

ENROLL ONLINE
envelope

Still undecided ?

Our agents are standing by to answer any questions you may have or to help you with the set-up.

CONTACT US

50%

Nearly half of Québec workers don’t have an employer pension plan.


The new law (Bill 39) applies to all Québec companies with five or more employees and that do not have a registered retirement savings plan with payroll deduction.


90000

About 90,000 companies are affected by the VRSP Act.


Does it apply to me?

Answer these questions to find out