The beauty of automatic savings
See how your RRSP+ gets you more for less.
When you choose the RRSP+ with the Fonds, you pay less tax and support the local economy.
Benefit from an additional 30% in tax savings1
Because we have a mission to help build collective wealth while supporting the Québec economy and creating future employment here, the governments have agreed to offer tax credits to encourage Québec workers to save even more with the Fonds. An RRSP+ with the Fonds means 30% more tax savings than a regular RRSP. A $1000 RRSP+ costs only $425 or $8.17 per week!2
Make your dreams a reality
Buying your first home or going back to school are just two of the many ways you can leverage your RRSP+ savings.
Support hundreds of local businesses
The Fonds invests in over 3300 companies3 that create, maintain, and save jobs all across Québec. So you most certainly know someone who works at one of these companies!
1 The Fonds de solidarité FTQ's shareholders will receive 15% in tax credits from the Québec government and 15% from the federal government. They are capped at $1,500 per fiscal year, which represents a $5,000 purchase of shares of the Fonds de solidarité FTQ.
2 Example based on the 2021 taxation year for an individual with an annual taxable income of $40,000, at a marginal rate of 27.53%, who gets paid 52 times a year and receives tax savings immediately on each paycheque. The calculated amounts are estimates that can vary according to your tax situation.
3 As at May 31, 2020.
Why opt for automatic savings?
Automatic savings are by far the easiest and most effective way to contribute to your RRSP+.
Thousands of companies participate in the Fonds' payroll deduction program. Ask your employer for details. For each pay, a fixed amount is deducted and deposited in your RRSP+.
- You decide the amount to be deducted
- You can change or stop the deduction at any time
- You will benefit from tax savings with each pay
Automatic bank withdrawals
Your contributions are withdrawn directly from your bank account according to the frequency and amount you choose.
- You decide the amount to be withdrawn
- You determine the frequency of withdrawals (weekly, bimonthly or monthly)
- You can change, cancel or interrupt the withdrawals at any time
- The minimum amount per withdrawal is only $10
Calculate your savings with payroll deductions
Determine the amount you want to set aside on each pay, and get your tax return immediately!
Calculate your payroll deduction
Real cost to you: $0.00
|Amount deducted per pay||$0.00|
|+ 30% tax credit||$0.00|
Indicate $0.00 per pay in the 'Amount to be invested' field when you fill out your contribution form.
Calculated amounts are estimates which may vary depending on your tax situation. Note that the income tax brackets and tax rates used are established according to the current fiscal rules as of January 1, 2021.
The Fonds de solidarité FTQ's shareholders will receive 15% in tax credits from the Québec government and 15% from the federal government. They are capped at $1,500 per fiscal year, which represents a $5,000 purchase of shares of the Fonds de solidarité FTQ.
Save more for less: Choose payroll deduction for your RRSP+.
Stephanie did her calculations and she determined she could save $50 every two weeks without tightening her belt too much. Because her employer offered payroll deductions and she could immediately benefit from her deductions on each pay, she decided to contribute to an RRSP+ in this way.
With the Fonds calculator, she learned that her pay would be only $50 less if she contributed $118 per pay to her RRSP+ because her deductions were credited to her immediately with each pay.
So now Stephanie contributes $3068 annually to her RRSP+ without breaking the bank.
If she had chosen instead to make automatic contributions of $50 every two weeks to her RRSP, she would only have saved $1300. So she was able to accumulate an additional $1768 in her RRSP by using payroll deductions!
Example based on the 2020 taxation year for an individual with an annual taxable income of $40,000, at a marginal rate of 27.53%, who gets paid 52 times a year and receives tax savings immediately on each paycheque. The calculated amounts are estimates that can vary according to your tax situation.
Did you know that an RRSP+ can help you realize your future plans?
Whether you've just started saving or you're nearing retirement, your savings with the Fonds are there for whatever you want out of life.
Buying a first home
Going back to school
Planning your retirement
An accessible RRSP, when challenges arise
Most Frequently Asked Questions
A Saving Services agent will be delighted to assist you.
For service tailored to your needs, call us
Monday to Friday, 8:30 a.m. to 5 p.m.
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