Payroll deductions

Payroll deductions are by far the easiest and most advantageous way to save.

Each pay, you contribute a fixed amount to your RRSP.

Features

  • You set the deduction amount.
  • You can change or end your deductions at any time.
  • No pay, no deductions!
  • You can benefit from tax savings on each pay.

Calculez!

Discover the benefits of payroll deductions

Who knows? Your Fonds payroll deduction expert might even be your colleague!

The Fonds has a network of over 2,000 local representatives (LRs) promoting the Fonds in businesses throughout Québec.

To learn more about local representatives (LRs) 

Payroll deductions: Example 1*

Contribution per pay

Approximate reduction in net pay

Total amount invested during the year

$20

$6.40

$520

$50

$16

$1,300

$100

$32

$2,600

* Example based on 26 pay periods for an individual with a marginal tax rate of 38% who gets tax savings back on each pay.

Do you think that investing $5 a week in an RRSP is not worth it? See how even a small investment makes a difference:

Do you think that investing $5 a week in an RRSP is not worth it? See how even a small investment makes a difference:

Contribution per pay

Approximate reduction in net pay

Total amount invested during the year

RRSP approximate value after 15 years

$5

$2.07

$260

$4,836

$10

$4.15

$520

$9,671

$15

$6.22

$780

$14,507

** Example based on 52 pay periods for an individual with a marginal tax rate of 28.5% who gets tax savings back on each pay.

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Did you know?

By contributing only $12.15 per pay, you could accumulate $1,000 a year in your RRSP.