Payroll deduction

We know that you want an easy AND flexible way to save. And that’s exactly what you get with the Fonds RRSP.

Payroll deduction is clearly the way to go. With a set amount deducted from each pay, you won’t ever have to worry about coming up with a large amount of money all at once to make your RRSP contribution. And did you know that 6,400 companies in Québec offer this contribution method to their employees?

• How much should I put in? It’s up to you!
• Can I change the amount? Yes, whenever you want!
• No pay? No contribution!
• And what’s more, you can get your tax savings back on each pay!

With payroll deduction, you can get your tax refund back on each pay rather than wait until you file your tax returns. You’ll hardly notice the difference on your pay because your employer* only takes off the net contribution amount, i.e. the total contribution minus the tax credits and tax deduction.
This is by far the easiest way to set money aside. It requires no discipline and is a sure fire way to achieve your savings goals.

At the Fonds, we can rely on a network of over 2,000 volunteer local representatives (LR) in the workplace to offer our services and explain everything you need to know about our RRSP.

If you are fortunate enough to have an LR at your company, don’t delay, talk to him or her today!

*Some employers offer payroll deduction but without the immediate tax refund.