The “Scramble like crazy on February 28 to make my RRSP contribution on time and hit my wallet hard” method
Side effects :
Heart palpitations and stress.
There are two ways you can contribute to your RRSP:
The “Scramble like crazy on February 28 to make my RRSP contribution on time and hit my wallet hard” method
Side effects :
Heart palpitations and stress.
The “Why all the fuss when I can contribute to my RRSP with every pay?” method.
Side effects :
a Zen-like state and a potentially far bigger RRSP.
See? Don’t you feel better now?
$12.15 per pay for an annual investment of $1,000 **
How can that be? Do the math and see for yourself!
The "R" in RRSP means "Retirement," but that doesn't mean you can't use your savings (the “S”) before you turn 65.
Besides the tax benefits that allow you save 58% to 78% on the amount invested, here are a few situations where you can take full advantage of your investment at any time.
If you’re looking to buy your first home, or if it's been more than five years since you've owned one, the Home Buyers' Plan (HBP) allows you to use the money in your Fonds RRSP for a down payment.
Using your RRSP to buy a home and saving 30% in taxes by making the repayments to a Fonds RRSP – now that’s what we call a win-win situation!
What's even better is that by making your repayments to the Fonds RRSP, you get an another 30% in tax credits on the amount repaid even if the RRSP initially cashed was with another financial institution.
The HBP from A to ZWho says you can't go back to school? As a Fonds owner-shareholder, you can use your RRSP to further your studies (your spouse is also eligible).
Of course, there are a few conditions, for example, you have to register as a full-time student for at least one year.
Ultimately, not only will going back to school raise your standard of living once you graduate, your Fonds RRSP can help you maintain it while studying. We think that places our RRSP in a class all its own.
While it’s true that by investing in the Fonds RRSP you are contributing to the economy and helping to create jobs, but did you know that you can play a more direct role by becoming a business owner?
As a owner-shareholder of a business for less than a year, you can use the money in your RRSP to create or maintain jobs in your company.
Find out moreTo learn about the Fonds, its advantages, achievements, challenges and more, select a topic of interest below.
Watch this video and you could win a $15,000 travel voucher. Enter now!
For more detailed information, visit fondsftq.com.
Investing in the Fonds RRSP with every pay saves you 30% and is easy as pie.
AT WORK
Who knows? Your Fonds payroll deduction expert... might even be your colleague Frank.
The Fonds has a network of over 2,000 local representatives (LRs) spreading the word in businesses throughout Québec. Learn more about our LRs now!
By Phone or
Our agents are available to answer all your questions.
Monday to Friday – 8:30 a.m. to 5:00 p.m.
Montréal : 514 383-FONDs (3663) Québec City: 418 628-FONDs (3663) Toll free : 1 800 567-FONDs (3663) By e-mail
Online
I already have an RRSP with the FondsStart or modify your payroll deduction anytime, anywhere on mycyberfondsftq.com.
Log into your account
I want to buy a Fonds RRSP In just a few clicks, you'll be one of 600,000 owner-shareholders who enjoy 30% more in tax savings than with a conventional RRSP.
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Congratulations to Karine Picard, winner of the “WIN WITH THE FONDS AND GO ON A DREAM VACATION WHEN, WHERE AND WITH WHOM YOU LIKE!” contest. She has won a $15,000 travel voucher to go wherever she chooses!
Thanks to everyone who entered!
*No purchase necessary. Contest runs from January 30 to April 26, 2013, and is open to Québec residents age 18 and over, including Fonds shareholders. See contest rules for eligibility details. Total prize value: $15,000. The draw will be held at 11:00 a.m. on May 16, 2013. Contest rules available on winwiththefonds.com or on the Fonds’ Web site at www.fondsftq.com.
