|
 |
 | 
| | PAYROLL DEDUCTION Payroll deduction involves* contributing a fixed amount per paycheque. It is often the easiest and most practical way to save for retirement.
And you win in more ways than one, because payroll deduction offers the following advantages:
- It is a very flexible way to contribute;
- It allows you to change the amount of the deduction as you see fit;
- It allows you to get back the tax savings on each paycheque (tax relief);
- No pay, no deduction.
Immediate tax credit!
You can take advantage of this tax relief, which allows you to get your refund on each paycheque rather than in a single payment when you complete your income tax returns. Use the calculator to get an approximate idea of your tax savings.
Your net salary will only decrease slightly, and at the end of the year you will have the satisfaction of knowing that you saved for retirement.
*To benefit from this contribution method, your employer must be enrolled in the Fund’s payroll deduction plan. If your company is not, call the Fund, which will contact your employer to begin the enrolment process.
Statements keep you informed
Twice a year, the Fund will send you a portfolio statement showing your contributions and the total value of your RRSP account. See the Shareholder Services section for more information.
How to enrol in the payroll deduction plan
Simply meet with the Fund’s local representative (LR) in your workplace. If there is no LR where you work, ask your employer to deduct the amount you wish to invest in the Fund’s RRSP from your pay for the duration you specify. There is no minimum.
Note: A one-time $25 enrolment fee applies, after which no other administration fees are charged shareholders. The Fund must inform you in writing, at least 30 days before any change in its fee policy.
| |
SEARCH
 Home
Site map
Contact us
Français
| |
 |