What is the difference between payroll deductions and automatic withdrawals?

Unlike automatic withdrawals, payroll deductions let you enjoy tax savings with each paycheck.

Payroll deductions and automatic withdrawals are both methods of automatic saving. In both cases, you determine the amount you want to contribute and you can adjust that amount at any time.

Payroll deductions let you make contributions to your RRSP+ at each pay and enjoy your tax savings immediately right on your paycheck.

Automatic withdrawals let you contribute to your RRSP+ at the frequency of your choosing, but without the tax savings credited to you at source. You still benefit from tax savings when you file your taxes each year, just not on each paycheck.

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
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